Arab Today, arab today gold falls for third straight session
Last Updated : GMT 12:48:35
Arab Today, arab today
Arab Today, arab today

Gold falls for third straight session

Arab Today, arab today

Arab Today, arab today Gold falls for third straight session

Chicago - XINHUA

Gold futures on the COMEX division of the New York Mercantile Exchange managed to cut losses Thursday in the last few minutes of trading as the U.S. dollar pulled back ahead of U.S. employment data, but the metal still saw its third straight session decline. The most active gold contract for June delivery fell 1.1 dollars, or 0.07 percent, to settle at 1,552.4 dollars per ounce. According to market analysts, investors are seeking higher returns in equities as the global economic recovery cuts demand for safe haven assets. Strength in the dollar had put pressure on dollar-denominated gold prices, with the greenback rallying against the Japanese yen after the Bank of Japan announced an aggressive easing program in an attempt to end deflation and boost economic growth. However, near the end of the COMEX session, the dollar lost more ground against the euro as the market mulled remarks from European Central Bank president (ECB) and decisions by the ECB and Bank of England to keep monetary policy on hold, as expected. Traders of metals are watching closely U.S. employment data due for release Friday. Following a rise in weekly U.S. jobless claims to a four-month high and disappointing data on private payrolls, nonfarm payroll figures will offer a hint as to when the U.S. Federal Reserve will ease back on its asset purchases. Given that backdrop, silver for May delivery lost 3 cents, or 0. 11 percent, to close at 26.767 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 falls for third straight session Arab Today, arab today gold falls for third straight session

 



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 falls for third straight session Arab Today, arab today gold falls for third straight session

 



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 Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots
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