10/19/2015, 10:18 PM (Source: TeleTrader)
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Gold loses some ground as U.S. indices make it higher

While Wall Street was closing with just a narrow margin above the opening price, trading in a narrow range through the session, precious metals were signing losses for the day and, in analogy, the United States dollar gained against most major counterparts.

The stock markets went through a mixed session, except from the Nasdaq 100, which was slightly in the green for most of the trading, after China published data on several important economic sectors, with a relatively slow 6.9% growth year on year in the third quarter. Morgan Stanley posted a fixed income drop. Some optimism for the U.S. economy came from the housing sector, where confidence reached the highest level in ten years. Crude, gasoil and heating oil dropped significantly.

Spot gold was down 0.59% at $1,170.63 per fine ounce and silver lost 1.15% of its value to $15.84 (both 10:24 p.m. CET). Palladium fell 1.37% and platinum was 0.34% in the red. The Dollar Index Spot was 0.24% ahead at 94.96 (10:24 p.m. CET), rising the most against its Canadian counterpart, on election day in the North American nation. 

Baha Breaking News (BBN) / IT