US Biz
CHICAGO, Oct. 24 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange fell on Tuesday as the U.S. dollar strengthened.
The most active gold contract for December delivery fell 1.70 U.S. dollars, or 0.09 percent, to close at 1,986.10 dollars per ounce.
Economic data released on Tuesday also dampened gold. The S&P Global flash U.S. manufacturing purchasing managers' index (PMI) edged higher to 50 in October from 49.8 in October 2022, while the services PMI rose to 50.9 from 50.1. Both readings came in higher than analysts' estimates.
Investors are waiting for more economic data for further clues to the Federal Reserve's rate policy in the next step, including U.S. GDP data for the third quarter due out on Thursday, and U.S. personal consumption expenditures (PCE) index on Friday.
Silver for December delivery fell 9.40 cents, or 0.40 percent, to close at 23.116 dollars per ounce. Platinum for January delivery fell 13.10 dollars, or 1.45 percent, to close at 891.90 dollars per ounce.