Gold futures on the COMEX division of the New York Mercantile Exchange dropped below 1,300 U.S. dollars on Monday as U.S. stocks gained and Ukraine tensions eased.
The most active gold contract for December delivery fell 6.9 U. S. dollars, or 0.53 percent, to settle at 1299.3 dollars per ounce.
With a down note last Friday, gold prices remained on the defensive Monday under pressure from strong U.S. equities and by the U.S. dollar recovery, indicating a risk appetite is improved in the marketplace as geopolitical tensions in Ukraine somewhat ebbed away and U.S. housing market data came out better than expected.
The National Association of Home Builder/Wells Fargo released Monday showed that U.S. Housing Market Index for August came in at 55, up two points from July for the best reading since January.
Traders are awaiting this week's annual Kansas City Federal Reserve meeting on Friday in Jackson Hole, Wyoming, as the annual summit of world central bankers has in the past yielded important U.S. monetary policy speeches and clues to the direction of monetary policy. Federal Reserve Chairwoman Janet Yellen and European Central Bank President Mario Draghi are scheduled to speak this year.
Before the Jackson Hole event comes the Federal Reserve's latest policy meeting minutes due out Wednesday.
Silver for September delivery rose 11 cents, or 0.56 percent, to close at 19.635 dollars per ounce. Platinum for October delivery lost 11 dollars, or 0.75 percent, to close at 1,446.2 dollars per ounce.
GMT 11:02 2018 Tuesday ,11 December
ASE opens trading on lower noteGMT 15:40 2018 Monday ,10 December
Amman stock market closes trading at JD4.4 millionGMT 19:10 2018 Wednesday ,05 December
Index at Palestine stock market drops by less than one pointGMT 17:58 2018 Sunday ,25 November
Amman stock market wraps up trading at JD2.6 millionGMT 14:24 2018 Thursday ,22 November
Russia’s stock market demonstrates record-breaking figures in 2018GMT 11:45 2018 Tuesday ,20 November
Tokyo stocks close lower as tech issues weigh, Nissan tumblesGMT 15:08 2018 Monday ,19 November
Amman stock market wraps up trading at JD6.1 millionGMT 15:51 2018 Sunday ,18 November
U.S. stocks post weekly losses amid tech shares routMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor