CHICAGO, May 25 (Xinhua) — Gold on the COMEX division of the New York Mercantile Exchange rose on Tuesday on disappointing U.S. economic data.
The most active gold contract for June delivery rose 13.5 U.S. dollars, or 0.72 percent, to close at 1,898 dollars per ounce.
U.S.-based Conference Board reported Tuesday that its consumer confidence index fell to 117.2 in May from 117.5 reading in April, weaker than expected.
U.S. Department of Commerce reported Tuesday that U.S. new home sales dropped 5.9 percent to a seasonally adjusted annual rate of 863,000 units in April, far below market expectations.
Silver for July delivery rose 15.1 cents, or 0.54 percent, to close at 28.056 dollars per ounce. Platinum for July delivery rose 19.3 dollars, or 1.64 percent, to close at 1,196.9 dollars per ounce.