Arab Today, arab today gold awaits more bank direction
Last Updated : GMT 11:26:08
Arab Today, arab today
Arab Today, arab today

Gold awaits more bank direction

Arab Today, arab today

Arab Today, arab today Gold awaits more bank direction

Abu Dhabi - Arabstoday

Commodity prices have moved in line with overall risk appetite this week, as the Eurozone crisis, earnings releases from the US and the FOMC meeting dominate sentiment. The gold price has traded sideways as we wait for more direction from global central banks in the coming days. Interestingly, gold has moved closely with European stock markets, so we expect the yellow metal to remain vulnerable to Eurozone sovereign risks. $1,614.70 – the bottom of the weekly Ichimoku cloud - remains a key support level. A weekly close below here would be the start of a technical downtrend and could signal more losses. The oil price has to try to balance the prospect that major central banks won’t be adding more liquidity to the markets anytime soon, for example the ECB and the FOMC, with signs that economic growth in the US and China – the largest consumers of oil and other commodities in the world – are showing signs of weakness. Weak growth without the prospect of more stimuli by global central banks could mean lower commodity prices especially for oil and copper. The copper price is very sensitive to the global economic cycle. It had been trending lower; however, it has recently had a consolidation phase and managed to claw back some of its losses. But in the absence of a sustained economic recovery in the US or a pick-up in growth in China the copper price looks vulnerable.

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 awaits more bank direction Arab Today, arab today gold awaits more bank direction

 



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 awaits more bank direction Arab Today, arab today gold awaits more bank direction

 



Arab Today, arab today Designer prepared new set of ornaments

GMT 02:45 2017 Wednesday ,28 June

Designer prepared new set of ornaments
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
Arab Today, arab today

GMT 10:39 2017 Monday ,26 June

Authorities release Assala under conditions

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
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