The Namibia Press Agency, (NAMPA), was established in 1991 as a national news agency responsible for the distribution of local, regional and international news.

Gold futures edge slightly lower on stronger U.S. dollar

Contributed by NAMPA / Xinhua.

CHICAGO, Aug. 10 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange closed lower on Friday, as a stronger U.S. dollar weighed on bullion.
The most active gold contract for December delivery went down 0.9 dollar, or 0.07 percent, to close at 1,219 dollars per ounce.
The U.S. dollar index, which measures the buck against six rivals, went up 0.77 percent to 96.37 as of 1845 GMT.
Gold usually moves in opposite directions with the U.S. dollar, which means if th ...