Gold rises as US dollar weakens

Gold rises as US dollar weakens
CHICAGO, April 4 — Gold futures on the Comex division of the New York Mercantile Exchange rose on Monday as the US dollar weakened, reported Xinhua. The most active gold contract for June delivery rose US$14.20 (RM61) , or 0.71 per cent, to close at US$2,000.40 per ounce. Economic data released on Monday further supported gold. The seasonally adjusted S&P Global US Manufacturing Purchasing Managers’ Index posted 49.2 in March, up from 47.3 in February and broadly in line with the earlier released “flash” estimate of 49.3. The Institute for Supply Management’s March manufacturing index came in at 46.3, down…

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