Chicago [US], November 17: Gold futures on the COMEX division of the New York Mercantile Exchange fell on Wednesday as investors took profit after days of strong rallies in gold.
The most active gold contract for December delivery fell one U.S. dollar, or 0.06 percent, to close at 1,775.8 dollars per ounce.
Economic data released Wednesday are mixed. The U.S. Commerce Department reported that U.S. retail sales surged by 1.3 percent in October after coming in unchanged in September. Economists had expected retail sales to jump by 1.0 percent.
The Federal Reserve reported that U.S. industrial production decreased 0.1 percent in October, and its gain in September was revised down to 0.1 percent.
The National Association of Home Builders' monthly confidence index fell five points to 33 in November. It's the record eleventh month in a row that the index has fallen.
Silver for December delivery rose 0.6 cents, or 0.03 percent, to close at 21.524 dollars per ounce. Platinum for January delivery fell 6.2 dollars, or 0.61 percent, to close at 1,016.2 dollars per ounce.
Source: Xinhua