Arab Today, arab today gold dips on progress in us budget debt talks
Last Updated : GMT 08:44:49
Arab Today, arab today
Arab Today, arab today

Gold dips on progress in US budget, debt talks

Arab Today, arab today

Arab Today, arab today Gold dips on progress in US budget, debt talks

Chicago - XINHUA

Gold futures on the COMEX division of the New York Mercantile Exchange went down Tuesday on the market expectation that U.S. lawmakers will soon reach a deal to end a partial shutdown of the U.S. federal government and avert a debt default. The most active gold contract for December delivery slipped 3.4 U.S. dollars, or 0.27 percent, to 1,273.2 dollars per ounce. Senate Majority Leader Harry Reid said Monday he was \"very optimistic\" about concluding a deal this week to raise the debt ceiling and reopen the government. Echoing Reid\'s view, Mitch McConnell, the Senate Republican minority leader, also said that \" we\'ll get a result that\'s acceptable to both sides.\" House Speaker John Boehner said Tuesday that the House Republican leaders are \"working with our members on a way forward. \" The growing optimism supported the dollar Tuesday, which in turn weighed on the prices of safe-haven gold. Gold may recover, once a bipartisan deal is reached, as the market may re-focus its attention to the continued money easing policies worldwide. Market analysts believed that a deal to raise the debt ceiling may delay the Federal Reserve\'s pace of tapering its quantitative easing policy. Meanwhile, physical demand for gold from China remained robust, cushioning the fall in gold prices. Silver for December delivery dropped 16.3 cents, or 0.76 percent, to 21.191 dollars per ounce. Platinum for January delivery lost 0.1 dollar, or 0.01 percent, to 1,383.4 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 dips on progress in us budget debt talks Arab Today, arab today gold dips on progress in us budget debt talks

 



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 dips on progress in us budget debt talks Arab Today, arab today gold dips on progress in us budget debt talks

 



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 Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel

GMT 17:28 2017 Thursday ,18 May

Saudi stocks rise in heavy trading

GMT 21:37 2017 Wednesday ,17 May

US Stocks Close Mixed

GMT 04:58 2017 Wednesday ,17 May

Tadawul index gains 0.7%

GMT 06:20 2017 Tuesday ,16 May

Tadawul index climbs 0.6%

GMT 13:43 2017 Monday ,15 May

Oman share index declines marginally
View News in Arabic - Business: أسواق مالية
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