Arab Today, arab today gold dented by dollar gains
Last Updated : GMT 02:11:10
Arab Today, arab today
Arab Today, arab today

Gold dented by dollar gains

Arab Today, arab today

Arab Today, arab today Gold dented by dollar gains

Chicago - Xinhua

Gold futures on the COMEX Division of the New York Mercantile Exchange continued to drop on Tuesday, touching a fresh 7-week low, under pressure from a stronger U.S. dollar as negative headlines out of Europe and weak U.S. retail sales data weighed on market sentiment. The most active gold contract for February delivery dropped 5.1 dollars, or 0.3 percent, to 1,663.1 dollars per ounce. A trader said gold received some initial support from the news that Spanish Treasury sold more short-term paper than it had planned at an auction. However, decent demand for Spanish bonds was not enough to provide the U.S. and European equities market with relief, the precious metal gradually lost its earlier gains as dollar firmed and equities dropped, after a report showed Germany\'s Chancellor Angela Merkel rejected raising Europe\'s bailout fund cap. Market participants pointed out that gold was dragged down by a stronger U.S. dollar, as there remains huge faith in the U.S. dollar as a safe haven and investors continued to dump risky assets for cash in times of financial market crises. One trader said the continued tensions in Syria and Iran are worth watching as any warring action could send the precious metals rallying. Meanwhile the weaker-than-expected U.S. retail sales in November also helped gold\'s slide, by tempering some of the expectations for a strong holiday season, which may help prop the economy and perhaps translate into more jewelry demand. Silver for March delivery added 25.8 cents, or 0.8 percent, to 31.26 dollars per ounce. Platinum for January delivery rose 5.4 dollars, or 0.4 percent, to 1,492.3 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 dented by dollar gains Arab Today, arab today gold dented by dollar gains

 



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 dented by dollar gains Arab Today, arab today gold dented by dollar gains

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
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
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today

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 23:13 2017 Sunday ,18 June

New ransomware virus attacking mobiles in Oman
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