gold drops for fourth consecutive day on positive economic data
Last Updated : GMT 12:26:02
Arab Today, arab today
Arab Today, arab today

Gold drops for fourth consecutive day on positive economic data

Arab Today, arab today

Arab Today, arab today Gold drops for fourth consecutive day on positive economic data

Chicago - XINHUA

Gold futures on the COMEX division of the New York Mercantile Exchange on Thursday fell on positive U. S. economic data. The most active gold contract for June lost 12.5 U.S. dollars, or 0.96 percent, to settle at 1,283.4 dollars per ounce. This is the fourth day that the price of gold has declined, as positive economic data has dampened investment demand. Among the positive data that caused gold to fall, the U.S. Commerce Department reported Thursday that consumer spending increased 0.9 percent, the largest rise since late 2009. The same report also said that U.S. personal income rose 0.5 percent. Gold's decline was helped along by a report indicating manufacturing in the U.S. increased, an index from the Institute for Supply Management indicated that it rose to 54.9 percent last month, the highest level since December. The U.S. Federal Reserve cut its bond-buying strategy by 10 billion dollars to 45 billion dollars starting in May. Gold also fell as the U.S. Commerce Department said that outlays for U.S. construction projects rose 0.2 percent in March to a seasonally adjusted annual rate of 942.5 billion dollars on private residential projects. The report said that spending rose 0. 8 percent for residential construction, and 0.2 percent for nonresidential projects. In the realm of public projects, spending fell 6.6 percent for residential construction and 0.5 percent for nonresidential construction. Despite mostly upbeat positive news, gold's downturn was slightly softened by a U.S. Labor Department report released Thursday said that jobless claims rose 14,000 to a nine-week high of 344,000. Analysts did not expect jobless claims to increase. Analysts are cautiously waiting a much-anticipated jobs report to be released Friday. On the technical front, analysts also say they still see a good demand for gold from the Chinese market. Silver for July delivery lost 13.1 cents, or 0.68 percent, to close at 19.043 dollars per ounce. Platinum for July delivery lost 0.4 dollar, or 0.03 percent, to close at 1,427.5 dollars per ounce.

arabstoday
arabstoday

GMT 03:16 2017 Saturday ,18 November

Asian markets head for positive end to volatile week

GMT 11:57 2017 Friday ,17 November

US stocks boosted by solid Wal-Mart, Cisco earnings

GMT 06:51 2017 Friday ,17 November

Bahrain Bourse daily trading performance

GMT 03:57 2017 Thursday ,16 November

Stock markets retreat as oil slides

GMT 15:05 2017 Wednesday ,15 November

Bahrain Bourse daily trading performance

GMT 02:47 2017 Wednesday ,15 November

Asian markets down as fears grow for US tax reform

GMT 19:56 2017 Tuesday ,14 November

Bahrain Bourse daily trading performance

GMT 02:48 2017 Saturday ,11 November

European stock markets fall further
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*

gold drops for fourth consecutive day on positive economic data gold drops for fourth consecutive day on positive economic data

 



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*

gold drops for fourth consecutive day on positive economic data gold drops for fourth consecutive day on positive economic data

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Prince's vision spurs new Cornwall village

GMT 03:12 2017 Saturday ,18 November

Prince's vision spurs new Cornwall village
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today Israel ready to cooperate with Saudi

GMT 06:31 2017 Friday ,17 November

Israel ready to cooperate with Saudi
Arab Today, arab today Presenter Sherine Ramahi proud of her career

GMT 06:46 2017 Sunday ,19 November

Presenter Sherine Ramahi proud of her career
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
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 Tesla unveils its all-electric semi truck

GMT 02:59 2017 Saturday ,18 November

Tesla unveils its all-electric semi truck
Arab Today, arab today Baidu speeds up AI progress

GMT 11:46 2017 Friday ,17 November

Baidu speeds up AI progress
Arab Today, arab today Hanan Metawe denies apology for “Major Treason”

GMT 12:22 2017 Thursday ,16 November

Hanan Metawe denies apology for “Major Treason”
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 08:06 2017 Wednesday ,15 November

Ayten Amer happy for “The Flood” success

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 06:13 2017 Friday ,17 November

Pope denounces healthcare inequality

GMT 05:18 2017 Thursday ,16 November

Boeing announces $27bn from flydubai

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
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