CHICAGO, April 13 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange rose on Tuesday as the market reacted to inflation data.
The most active gold contract for June delivery rose 14.9 U.S. dollars, or 0.86 percent, to close at 1,747.6 dollars per ounce.
U.S. Department of Labor reported on Tuesday that U.S. consumer price index rose 0.6 percent in March from the previous month and 2.6 percent from a year ago, indicating higher inflation than expected.
Gold found additional support as the National Federation of Independent Business put its small business optimism index at 98.2 in March, up 2.4 points from 95.8 in February but still below the 104.5 level registered in February 2020, before the pandemic first hit the United States.
Silver for May delivery rose 55.9 cents, or 2.25 percent, to close at 25.426 dollars per ounce. Platinum for July delivery fell 17.7 dollars, or 1.51 percent, to close at 1,157.1 dollars per ounce. Enditem
