Chicago (ANTARA) – Gold futures prices on the COMEX Division of the New York Mercantile Exchange rose on Friday as the consumer sentiment index weakened.
The most active gold contract price for December delivery rose 26.4 US dollars, or 1.51 percent, to close at 1,778.2 US dollars per ounce.
The preliminary estimate for the consumer sentiment index released Friday by the University of Michigan (UM) was at 70.2 in August, down from 81.2 in July.
Investors are also concerned about the uncertainty of the strength of the global economic revival amid the spread of the Delta variant of COVID-19.
Gold prices are up close to 0.9 percent for the week.
Silver prices for September delivery increased 66.3 cents, or 2.87 percent, to close to 23,779 dollars per ounce.
Platinum for October delivery added 8.3 dollars, or 0.82 percent, to close at 1,026 dollars an ounce.
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