CHICAGO, June 1 (Xinhua) – Gold futures in the COMEX division of the New York Stock Exchange fell on Tuesday as investors reacted to the best economic data.
The most active gold contract for the August delivery fell 30 cents, or 0.02 percent, to close at US $ 1,905 per ounce.
The U.S.-based Supply Management Institute placed its manufacturing index at a reading of 61.2 percent in May, up 0.5 percentage points from 60.7 percent compared to the April reading and indicates strong sector expansion and US economic growth in May.
The seasonally adjusted U.S.-made IHS Markit Manufacturing Purchasing Managers Index reached 62.1 in May, up from 60.5 in April. The increase in business among American manufacturers was one of the strongest in the index’s 14-year history.
Silver for the July delivery rose 8.8 cents, or 0.31 percent, to close at $ 28,102 an ounce. Platinum for the July delivery rose $ 17.3, or 1.46 percent, to close at $ 1,199.7 an ounce.