Xinhua
23 Sep 2022, 01:00 GMT+10
CHICAGO, Sept. 22 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange rose on Thursday as tension between Russia and Ukraine escalates.
The most active gold contract for December delivery rose 5.4 U.S. dollars, or 0.32 percent, to close at 1,681.1 dollars per ounce.
Nevertheless, the strength in the U.S. dollar, boosted by the Federal Reserve's 0.75-percentage point rate hike on Wednesday, capped gold's growth somewhat.
The U.S. Labor Department reported Thursday that U.S. initial jobless claims rose 5,000 to a seasonally adjusted 213,000 for the week ending Sept. 17. The figure is lower than the 218,000 applications forecast by economists.
Elsewhere, the Bank of England raised the interest rate to 2.25 percent on Thursday, the highest level since 2008; the Swiss National Bank raised its benchmark interest rate by 75 basis points to 0.5 percent, bringing an end to an era of negative rates in Europe.
Japan intervened to support the yen for the first time since 1998, after its central bank has stuck with ultra-low interest rates.
Silver for December delivery rose 13.7 cents, or 0.7 percent, to close at 19.617 dollars per ounce. Platinum for October delivery fell 10 dollars, or 1.09 percent, to close at 906 dollars per ounce.
Get a daily dose of Japan Herald news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Japan Herald.
More InformationWASHINGTON, D.C.: President Donald Trump says the United States could soon reach a trade deal with India. He believes this deal would...
DHARAMSHALA, India: The Dalai Lama is set to address a significant three-day conference of Buddhist leaders this week, coinciding with...
SYDNEY, Australia: Australia will not ease its strict biosecurity rules during trade talks with the United States, Prime Minister Anthony...
London [UK], July 7 (ANI): Ten years after China launched a sweeping crackdown on human rights lawyers, international rights groups...
TAIYUAN, July 7 (Xinhua) -- From bustling street stalls to upscale shopping malls, the Thai culinary scene in China is undergoing a...
(250707) -- BEIJING, July 7, 2025 (Xinhua) -- Primary school students listen to the narrator inside a digital tram on Zhongshan Road...
DUBAI, U.A.E.: Saudi Aramco is exploring asset sales as part of a broader push to unlock capital, with gas-fired power plants among...
MILAN, Italy: Italian regulators have flagged four non-EU countries—including Russia—as carrying systemic financial risk for domestic...
NEW YORK CITY, New York: With just weeks to spare before a potential government default, U.S. lawmakers passed a sweeping tax and spending...
PARIS, France: Fast-fashion giant Shein has been fined 40 million euros by France's antitrust authority over deceptive discount practices...
PALO ALTO/TEL AVIV: The battle for top AI talent has claimed another high-profile casualty—this time at Safe Superintelligence (SSI),...
FRANKLIN, Tennessee: Hundreds of thousands of Nissan and Infiniti vehicles are being recalled across the United States due to a potential...