Shanghai gold futures close lower

Gold futures closed lower Friday in daytime trading on the Shanghai Futures Exchange.

The most active gold contract for June 2021 delivery dropped 1.18 yuan (about 18 U.S. cents) to close at 372.46 yuan a gram.

The total trading volume for eight listed gold futures contracts on the exchange was 226,318 lots, with a turnover of about 84.6 billion yuan.

China launched gold futures in January 2008.