Arab Today, arab today gold down sharply after dollar strengthens
Last Updated : GMT 05:20:06
Arab Today, arab today
Arab Today, arab today

Gold down sharply after dollar strengthens

Arab Today, arab today

Arab Today, arab today Gold down sharply after dollar strengthens

Gold futures
Chicago - XINHUA

Gold futures on the COMEX division of the New York Mercantile Exchange fell on Thursday as the U.S. dollar rose sharply, putting pressure on the precious metal.

The most active gold contract for June delivery fell 21.8 U.S. dollars, or 1.75 percent, to settle at 1,226.50 dollars per ounce.

The precious metal was put under pressure as the U.S. Dollar Index rose sharply, reaching above a 95.1 level during intraday trading but is at 94.82, representing a 0.4 percent gain by 18:25 GMT.

The index is a measure of the dollar against a basket of major currencies.

Gold was put under further pressure as a report released by the U.S. Department of Labor on Thursday showed the weekly jobless claims falling by 13,000 to a 253,000 level during the week ending on April 9. Analysts note that this report was much better than expected and is a sign of strong U.S. employment.

Stronger U.S. equities also put pressure on the precious metal as the U.S. Dow Jones Industrial Average rose by 28.93 points, or 0.16 percent, as of 18:30 GMT. Analysts note that when equities post losses, the precious metal usually goes up, as investors are looking for a safe haven, while the opposite is true when U.S. equities post gains.

The precious metal was prevented from falling further as a report released by the U.S. Department of Commerce on Thursday showed the consumer price index rising by a worse-than-expected 0.1 percent. Analysts note that this is a sign of soft inflation data, but is not necessarily a bad sign for the U.S. economy in the wider sense of things.

Silver for May delivery lost 15.2 cents, or 0.93 percent, to close at 16.173 dollars per ounce. Platinum for July delivery dropped 10.1 dollars, or 1.01 percent, to close at 992.90 dollars per ounce.

arabstoday
arabstoday

GMT 02:28 2016 Saturday ,01 October

Gold down on stronger US equities

GMT 14:27 2016 Saturday ,10 September

Gold down on Fed comments, stronger dollar

GMT 08:14 2016 Friday ,02 September

Gold up on weaker US data

GMT 02:01 2016 Saturday ,20 August

Gold down on stronger US dollar

GMT 02:52 2016 Wednesday ,17 August

Gold up on mixed US data, weaker dollar
Arab Today, arab today
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 down sharply after dollar strengthens Arab Today, arab today gold down sharply after dollar strengthens

 



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 down sharply after dollar strengthens Arab Today, arab today gold down sharply after dollar strengthens

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today Barcelona through George Orwell’s eyes

GMT 13:44 2017 Friday ,20 October

Barcelona through George Orwell’s eyes
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today 35 Egyptian police, troops die in clashes

GMT 04:36 2017 Saturday ,21 October

35 Egyptian police, troops die in clashes
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Sweden to get biggest car factory

GMT 14:10 2017 Friday ,20 October

Sweden to get biggest car factory
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Actress Shery Adel happy for Egypt’s qualification

GMT 08:57 2017 Wednesday ,18 October

Actress Shery Adel happy for Egypt’s qualification
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 07:47 2017 Tuesday ,17 October

Hussein Fahmy happy for honoring in festival

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 06:43 2017 Wednesday ,18 October

Fake dentists ply brisk trade

GMT 06:49 2017 Tuesday ,17 October

EasyJet, Lufthansa among seven to bid

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
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