CHICAGO, July 19 (Xinhua) – Gold futures on the COMEX division of the New York Mercantile Exchange remained stable on Wednesday.
The most active gold contract for August delivery closed at $1,980.80 per ounce, unchanged from the previous trading day.
The U.S. Commerce Department reported on Wednesday that new home construction in the United States declined by 8 percent in June to a yearly rate of 1.43 million, following an increase in May.
The U.S. Commerce Department also stated that residential permits, which indicate future home construction, fell 3.7 percent in June compared to the previous month, reaching a seasonally adjusted annual rate of 1.44 million. Economists had anticipated a 0.7 percent decline in permits for the month.
The Federal Open Market Committee meeting is scheduled for next week. Investors are anticipating a possible rate hike at the meeting.
Silver for September delivery increased by 13.10 cents, or 0.52 percent, closing at $25.387 per ounce. Platinum for October delivery decreased by $9.60, or 0.97 percent, closing at $984.80 per ounce.
Credit: The Star : News Feed
