Gold Price Down 1% For May

May 31, 2018

New York (May 31)  Gold futures were slightly lower Thursday ahead of the May jobs report. August gold was down USD1.80, or 0.1%, to settle at USD1,304.70/oz. Gold was down 1% in May.

Personal income in the US increased in line with economist estimates in the month of April, according to a report released by the Commerce Department on Thursday, while personal spending climbed by more than anticipated.

The Commerce Department said personal income rose by 0.3% in April after edging up by 0.2% in March. The increase in income matched economist estimates.

By 3:20pm EST spot gold was down $2 at $3,000, while spot silver slid 8 cents to $16.43. However, both spot platinum and palladium closed bassically flat.


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