On Tuesday, gold futures on the COMEX division of the New York Mercantile Exchange decreased due to the strengthening of the U.S. dollar.
The most active gold contract for December delivery experienced a decrease of 15.10 U.S. dollars, or 0.76 percent, resulting in a closing price of 1,973.50 dollars per ounce.
In an interview with Bloomberg on Tuesday, Minneapolis Federal Reserve President Neel Kashkari stated that “there’s no discussion amongst me and any of my colleagues about when we’re going to start preparing to cut rates.”
The slowdown in job creation in October was welcomed as it brought the labor market into “a more balanced” and sustainable growth, according to Chicago Fed President Austan Goolsbee in an interview with CNBC on Tuesday.
“The job market is getting into better balance,” Goolsbee added.
Additionally, silver for December delivery fell 64.50 cents, or 2.78 percent, and closed at 22.589 dollars per ounce. Platinum for January delivery also experienced a decrease of 19.60 dollars, or 2.14 percent, resulting in a closing price of 898.00 dollars per ounce.
