Gold ends lower on the Comex

April 14, 2015

New York (Apr 14)  Gold futures trimmed losses early today after a weaker-than-expected rebound in U.S. retail sales for March, but still settled at their lowest level of the month as traders weighed the timing of an interest-rate hike by the Federal Reserve.

Gold for June delivery on fell 0.6% to end at $1,192.60 an ounce on the Comex.

The Commerce Department said March retail sales rose by a seasonally adjusted 0.9%, the strongest gain in a year but below the 1.1% rise forecast by economists surveyed by MarketWatch.

Producer prices rose by a seasonally adjusted 0.2% in March after four straight months of declines. Economists had penciled in a rise of 0.3%.

In other metals trading, May silver fell 0.8% to US$16.161 an ounce.

July platinum lost 20 cents to US$1,153.70 an ounce, while June palladium was off 1.2% to US$762.50 an ounce.

May copper eased 0.7% to US$2.70 a pound.

Source: ProactiveInvesators

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