Gold futures fall over 1 pct as geopolitical tensions continue to fade

Source:Xinhua Published: 2017/9/19 7:18:11

Gold futures on the COMEX division of the New York Mercantile Exchange fell more than 1 percent on Monday as worries about tensions between the US and the Democratic People's Republic of Korea continued to fade.

While investors turning back to equities and other assets seen as riskier, the most active gold contract for December delivery dropped 14.4 US dollars, or 1.09 percent, to settle at 1,310.8 US dollars per ounce.

Gold is down on risk-off market action with record highs for benchmark US stock indexes helping to push gold prices to their lowest level in more than three weeks, analysts said.

As for other precious metals, silver for December delivery dropped 54.5 cents, or 3.08 percent to close at 17.156 US dollars per ounce. Platinum for October fell 10.7 dollars, or 1.1 percent, to settle at 961.1 dollars per ounce.

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