SHANGHAI – Gold futures closed higher Monday in daytime trading on the Shanghai Futures Exchange.

The most active gold contract for December 2020 delivery was up 2.74 yuan (39 US cents) to close at 431.4 yuan a gram.

The total trading volume for eight listed gold futures contracts on the exchange was 254,910 lots, with a turnover of about 110 billion yuan.

China launched gold futures in January 2008.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Retail sales rise for 4th straight month as growth slows

NEW YORK — Americans kept spending in August, but the pace of that growth is slowing as millions of people who lost jobs have now lost a $600 a week boost in their unemployment checks. Retail sales rose 0.6% last…

What happens when your employer cuts your pay?

With the economy sitting at a standstill and revenue streams drying up, companies are looking for ways to reduce costs. And some are cutting salaries and benefits to help make ends meet. “There is no workplace in the US not…

L’Oreal banks on cosmetics bounceback, citing Chinese pick-up

PARIS (Reuters) – Maybelline make-up manufacturer L’Oreal (OREP.PA) said on Thursday it was counting on a quick recovery in cosmetics demand once global lockdowns to combat the coronavirus pandemic ease, pointing to a recovery already under way in China. The…

Apple faces consumer protection probe by multiple U.S. states: Axios

(Reuters) – Multiple U.S. states are investigating Apple Inc (AAPL.O) for potentially deceiving consumers, online news site Axios reported on Thursday, citing a March document from a tech watchdog group. The Texas Attorney General may sue Apple for violating the…