Arab Today, arab today gold drops on upbeat us economic data
Last Updated : GMT 21:46:51
Arab Today, arab today
Arab Today, arab today

Gold drops on upbeat US economic data

Arab Today, arab today

Arab Today, arab today Gold drops on upbeat US economic data

Chicago - XINHUA

Gold futures dropped on upbeat U.S. economic data Wednesday, ending the month of July with a gain of 7. 3 percent. Nevertheless, gold price has lost 22 percent year to date. The most active gold contract for December delivery on the COMEX division of the New York Mercantile Exchange dropped 11.8 dollars, or 0.89 percent, to settle at 1,313 dollars per ounce. The U.S. government said Wednesday that the U.S. economy grew 1. 7 percent in the second quarter, better than the one-percent-gain forecast by Wall Street. Also, Automatic Data Processing Inc. reported the private- sector employers added 200,000 jobs in July, beating economists\' expectations. Moreover, Chicago purchasing managers\' index, a barometer of Chicago business, rose to 52.3 in July from 51.6 in June. Readings above 50.0 indicate expansion. Position adjusting at the end of a month partly accounted for gold drop Wednesday, market analysts said. The U.S. Federal Reserve\'s announcement didn\'t come out until gold floor trading on COMEX closed. To everyone\'s disappointment, the Fed only slightly downgraded its economic outlook and offered no hint about its plans for the monthly 85-billion-dollar assets purchasing program, thus exerting little influence on gold electronic trading. Silver for September delivery lost 5.2 cents, or 0.26 percent, to close at 19.628 dollars per ounce. Platinum for October delivery dipped 8.2 dollars, or 0.57 percent, to close at 1,429.3 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 drops on upbeat us economic data Arab Today, arab today gold drops on upbeat us economic data

 



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 drops on upbeat us economic data Arab Today, arab today gold drops on upbeat us economic data

 



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
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
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 Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
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