Arab Today, arab today gold drops for fourth consecutive day on positive economic data
Last Updated : GMT 20:48:20
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.

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

 



Arab Today, arab today
Arab Today, arab today Jordan airline suggests flyers 'talk'

GMT 11:59 2017 Friday ,24 March

Jordan airline suggests flyers 'talk'
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Rebel supporters flood Yemen streets

GMT 06:39 2017 Monday ,27 March

Rebel supporters flood Yemen streets

GMT 16:09 2017 Monday ,27 March

Seoul shares end lower

GMT 13:54 2017 Monday ,27 March

Bahrain Bourse daily trading report

GMT 11:48 2017 Sunday ,26 March

US stocks decline on Trump policy uncertainty

GMT 19:32 2017 Saturday ,25 March

US Stocks Close Mixed

GMT 19:19 2017 Saturday ,25 March

Gold Prices Rise on Wednesday
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemen children dream of school

GMT 07:25 2017 Friday ,24 March

Yemen children dream of school
Arab Today, arab today Trump to roll back Obama clean power plan

GMT 11:10 2017 Monday ,27 March

Trump to roll back Obama clean power plan
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Uber grounds self-driving cars

GMT 09:11 2017 Monday ,27 March

Uber grounds self-driving cars
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Nermein Al Fekki films “Foxes in the Valley”

GMT 09:58 2017 Saturday ,25 March

Nermein Al Fekki films “Foxes in the Valley”
Arab Today, arab today Salvage of South Korea's Sewol ferry

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry

GMT 06:21 2017 Friday ,24 March

MP submits a petition to dismiss university head

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 15:25 2017 Tuesday ,21 March

2017 already marked

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 20:03 2017 Saturday ,25 March

Health expert warns from dust sensitivity

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection
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