Gold Futures Fell Near $1,970 After 5 Straight Days of Gains

Gold futures closed lower on Thursday (April 14), posting their first decline in six days, as a stronger dollar put pressure on gold futures prices.

  • Gold was down $9.8, or 0.49%, at $1,974.9 an ounce.
  • Silver was down 33 cents, or 1.27%, at $25.7 an ounce.
  • The platinum contract was up $4.6, or 0.46%, at $994.2 an ounce.
  • The palladium futures were up $15.90, or 0.7%, at $2,355.40 an ounce.

This week, gold futures rose 1.5%, with the New York precious metals market closed on Friday (April 15) for Good Friday.

Gold contracts are under pressure as the US dollar strengthens. The dollar index against the six major currencies in a basket of currencies rose 0.45% to 100.3200.

The release of U.S. economic data on Thursday was sobering, as the number of initial claims for unemployment benefits rose by 18,000 to 185,000 last week, the Labor Department announced.

According to the Department of Commerce, retail sales increased 0.5% in March from the previous month, and year-over-year retail sales increased 6.9% in March.

The Spot Market is Closed

Friday, April 15, 2022

Metals
Updated at
USD
Bid/Ask
Ounce
Change

Low/High
Gold
04.00
1,974.80
1,975.80
-2.50
-0.13%
1,960.50
1,981.50
Silver
04.00
25.67
25.77
-0.05
-0.17%
25.24
25.98
Platinum
04.00
990.00
1,000.00
+6.00
0.61%
969.00
1,003.00
Palladium
04.00
2,286.00
2,436.00
+44.00
1.96%
2,242.00
2,466.00
Rhodium
04.00
17,900.00
18,900.00
-100.00
-0.56%
17,900.00
20,000.00

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