Gold falls on planned U.S. vote over Syria But fu
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Gold falls on planned U.S. vote over Syria
But futures pare loss after China data, with silver moving higher
LONDON (MarketWatch) — Gold futures traded lower Monday as a U.S. military strike on Syria appeared to be less certain, though upbeat economic data from China helped gold pare its loss and pull other metals to a gain.
Gold for December delivery (CNS:GCZ3) traded $5.70 below its Friday close, for a loss of 0.4% to $1,390.40 an ounce.
In Friday trade on the New York Mercantile Exchange’s Comex, gold had fallen 1.2% for a third day of losses.
The Nymex was due to remain closed Monday for the Labor Day holiday, and several analysts cited profit-taking ahead of the long weekend as helping the futures’ decline.
Meanwhile, uncertainty over a U.S. military action in Syria helped drive the yellow metal lower over the weekend. http://www.marketwatch.com/story/gold-falls-o...2013-09-01
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