Arab Today, arab today gold falls below 1300 as fed bond purchase plan on track to end
Last Updated : GMT 07:57:35
Arab Today, arab today
Arab Today, arab today

Gold falls below $1,300 as Fed bond purchase plan on track to end

Arab Today, arab today

Arab Today, arab today Gold falls below $1,300 as Fed bond purchase plan on track to end

Chicago - XINHUA

Gold futures on the COMEX division of the New York Mercantile Exchange fell below 1,300 U.S. dollars per ounce Wednesday following Federal Reserve Chairwoman Janet Yellen's encouraging testimony before Congress. The most active gold contract for June fell 19.7 dollars, or 1. 51 percent, to settle at 1288.9 dollars per ounce. Fed Chairwoman Yellen's much-anticipated testimony before a joint Congressional committee revealed that the central bank's asset purchase program was on track to end in the fall if the U.S. economy stays on course. Talks aimed at resolving the Ukraine-Russia conflict also pressured gold prices as Russian President Vladmir Putin made conciliatory overtures over the crisis in Ukraine. However, data released by U.S. Department of Labor Wednesday helped slow gold's decline, as productivity of American businesses fell 1.7 percent from January through March, the hours worked climbed 2 percent, and the output of goods and services rose only 0.3 percent. China Gold Association reported Wednesday that China's demand for gold bars fell nearly 44 percent to 67.95 tonnes in the first quarter of 2014 compared to the same period a year ago. But the association also said that China's total gold consumption increased 0.8 percent to 322.99 tonnes during this period, exerting little influence on gold. Market analysts hold that traders are focusing on data for direction of gold prices in the short term, but maintain that gold will remain at or near 1,300 dollars in the near future. Silver for July delivery lost 30.3 cents, or 1.54 percent, to close at 19.342 dollars per ounce, while platinum for July delivery declined 23.3 dollars, or 1.6 percent, to close at 1434.8 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 falls below 1300 as fed bond purchase plan on track to end Arab Today, arab today gold falls below 1300 as fed bond purchase plan on track to end

 



Arab Today, arab today
Arab Today, arab today Prepares to present her new collection

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today 11 family members dead in rebel push

GMT 07:57 2017 Tuesday ,21 February

11 family members dead in rebel push
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic

GMT 13:43 2017 Sunday ,19 February

Local institutional buying lifts Oman shares higher

GMT 15:33 2017 Saturday ,18 February

Lock-up shares worth 39 bln yuan eligible for trade

GMT 09:49 2017 Saturday ,18 February

Qatar Stock Exchange Index Gains 190.17 Points This Week

GMT 09:15 2017 Friday ,17 February

Asia stocks retreat after week-long Trump rally

GMT 08:14 2017 Friday ,17 February

Bahrain Bourse daily trading report

GMT 21:28 2017 Thursday ,16 February

US Stocks End High on Tuesday
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Ahmed Fahmy stresses he did not ignore singing

GMT 06:34 2017 Sunday ,19 February

Ahmed Fahmy stresses he did not ignore singing
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 14:51 2017 Monday ,20 February

Ways to acquire presentation skills

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome
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