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Gold slips on profit taking,strong dollar

时间:2010-09-17 07:27:30

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    CHICAGO, Sept. 15 (Xinhua) -- Gold futures(黄金期货) on the COMEX (纽约商品交易所)Division of the New York Mercantile Exchange ended moderately lower on Wednesday, as sharp range up move in gold on Tuesday prompted investors1 to take profits. The firmer U.S. dollar also added downward pressure on gold. Silver posted a fresh 30-month high, platinum2(白金) also extended gains.
    The most active gold contract for December delivery trimmed 3 dollars, or 0.2 percent, to finish at 1,268.7 dollars per ounce.
    Dollar moved up sharply after Japanese government decided3 to intervene in currency markets by selling the yen4 against the dollar after yen rose to a 15-year high against dollar on Tuesday.
    The strong rally in dollar has eroded5 gold's appeal as an alternative investment(另类投资) by making it more expensive for holders6 of other currencies. And the weakening crude oil price, along with higher U.S. equity7 markets both contributed to put pressure on the bullion8.
    Gold hits all-time high in the previous session and also finished at a record settlement, which encouraged some short-term investors to cash in some of their recent gains.
    Although gold halted the rally temporarily, silver continued to advance, hitting a fresh 30-month high, after Federal Reserve data showed on Wednesday that U.S. industrial output rose 0.2 percent in August, which marked the 14 consecutive9 month of industrial output growth.
    December silver climbed 13.9 cents, or 0.7 percent, to 20.571 dollars per ounce. October platinum climbed 10.9 dollars, or 0.7 percent, to 1,605.3 dollars per ounce.(本文由在线英语听力室整理编辑)
  


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