Arab Today, arab today gold up on european central bank stimulus prospects
Last Updated : GMT 12:34:44
Arab Today, arab today
Arab Today, arab today

Gold up on European Central Bank stimulus prospects

Arab Today, arab today

Arab Today, arab today Gold up on European Central Bank stimulus prospects

European Central Bank
Chicago - XINHUA

Gold futures on the COMEX division of the New York Mercantile Exchange rose Tuesday as a report suggested that the European Central Bank (ECB) might buy corporate bonds to support growth.
The most active gold contract for December delivery rose 7 U.S. dollars, or 0.56 percent, to settle at 1,251.7 dollars per ounce.
Gold rose for the second day in a row as a report, quoting anonymous sources, said the European Central Bank is considering purchasing corporate bonds on the secondary market in an effort to fight deflation and that it may decide on the matter as soon as December with a view to starting purchases early next year.
The ECB has recently rolled out a series of measures to add more stimulus to the economy, including the targeted long-term refinancing operations and new programs to purchase outright asset- backed securities and covered bonds.
Investors also weighed an expectation that the U.S. Fed would delay increasing its interest rates for some time as concerns about slowing global growth are rising.
In additional, there was some good news for the U.S. economy as a report from the U.S.-based National Association of Realtors showed existing home sales rose by 2.4 percent in September to an annual rate of 5.17 million. The figure was better than expected and also the fastest pace so far in 2014.
Silver for December delivery gained 19.5 cents, or 1.12 percent, to close at 17.549 dollars per ounce. Platinum for January delivery gained 15.5 dollars, or 1.22 percent, to close at 1,283 dollars per ounce.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today gold up on european central bank stimulus prospects Arab Today, arab today gold up on european central bank stimulus prospects

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today gold up on european central bank stimulus prospects Arab Today, arab today gold up on european central bank stimulus prospects

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today Sally Shaheen considers hosting a political show
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday