Arab Today, arab today gold falls slightly as hopes of us stimulus
Last Updated : GMT 04:23:09
Arab Today, arab today
Arab Today, arab today

Gold falls slightly as hopes of US stimulus

Arab Today, arab today

Arab Today, arab today Gold falls slightly as hopes of US stimulus

London - Arabstoday

Gold prices eased a touch in holiday-thinned trade yesterday as investors took bets on higher prices off the table, disappointed by a lack of clear guidance from the Federal Reserve on Friday on the options for US economic stimulus. The metal lifted from early lows, however, and steadied after last week\'s extreme volatility, as speculation grew that the Fed may announce a fresh round of quantitative easing next month. The same talk lifted stocks and weighed on the dollar. Spot gold was down 0.7 per cent at $1,815.10 (Dh6,666.95) an ounce at 0935 GMT, having earlier slipped as low as $1,806.29. Prices slid more than $200 late last week from their early peak at a record $1,911.46 an ounce, dropping towards $1,700. \"Gold recovered strongly after the wild swings during the week, and after a lot of weak longs were flushed out and with speculative long positions still being reduced, it has now got room to the upside,\" said Saxo Bank senior manager Ole Hansen. However, until we see additional news from the economies and the banking situation in Europe it will most likely settle into a wide range in the days ahead.\" The sharp sell-off last week was a reminder that markets never move in a straight line, and it will probably slow down, but not stop, further progress to the upside,\" he added.  

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 slightly as hopes of us stimulus Arab Today, arab today gold falls slightly as hopes of us stimulus

 



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 slightly as hopes of us stimulus Arab Today, arab today gold falls slightly as hopes of us stimulus

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
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 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 23:13 2017 Sunday ,18 June

New ransomware virus attacking mobiles in Oman
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