Arab Today, arab today gold flatlines fragile euro weighs
Last Updated : GMT 04:36:39
Arab Today, arab today
Arab Today, arab today

Gold flatlines, fragile euro weighs

Arab Today, arab today

Arab Today, arab today Gold flatlines, fragile euro weighs

Washington - Arabstoday

Gold traded nearly flat on Wednesday after a successful Spanish debt auction eased fears about the euro zone debt crisis, but the upside is capped as the euro remains under pressure ahead of a longer-term debt sale in Madrid later this week. Investors brushed off the soft US industrial output and lower-than-expected housing starts data as relief over Spain\'s finances and a surprise jump in German business sentiment lifted equities and other riskier assets.   \"The nervousness around the euro zone has eased a bit, which could help stabilise the euro and support gold prices,\" said Shanghai CIFCO Futures analyst Li Ning. But Li added that market sentiment remained cautious ahead of a policy meeting by the U.S. Federal Reserve next week, after comments from the Fed over recent weeks have caused sharp price fluctuations. Adding to the cautious tone, although Spain managed to exceed the target at Tuesday\'s debt auction, it was forced to pay a stiff premium compared with a month earlier, reflecting lingering concern about the country\'s finances and boding ill for a key long-term debt sale on Thursday. Spot gold was little changed at US$1,649.89 per ounce by 0250 GMT, after touching a one-week low near US$1,634 in the previous session. US gold traded nearly flat at US$1,651. Buying interest in Asia\'s physical market was muted, even as a key gold-buying festival in India looms on the horizon. \"People won\'t want to commit too much at this point,\" said Ronald Leung, a physical dealer at Lee Cheong Gold Dealers in Hong Kong. \"There is some buying when prices fall to the US$1,630-US$1,640 level, but the volume shrinks when prices rebound to US$1,660-US$1,670.\" Leung said gold bar premiums in Hong Kong were stable at US$1.10-US$1.60 per ounce above London prices. Spot platinum gained half a percent to US$1,585.44 per ounce after falling to US$1,556.50 earlier this week - the lowest in more than two months. India, the world\'s biggest gold consumer, may see platinum imports rise by almost 50 percent this year to 20-22 tonnes. Spot palladium rose to a two-week high of $662.50 per ounce before paring some gains to US$660.95, up half a percent from the previous close.

arabstoday
arabstoday

GMT 16:08 2017 Saturday ,14 October

US stocks rise on strong retail sales; Europe mixed

GMT 04:42 2017 Saturday ,14 October

Egyptian Bourse gains EGP 2.6 bn

GMT 04:32 2017 Saturday ,14 October

US stocks rise on strong retail sales; Europe mixed

GMT 20:52 2017 Thursday ,12 October

Egyptian Bourse loses EGP 3 bn

GMT 13:12 2017 Thursday ,12 October

Bahrain Bourse daily performance

GMT 11:06 2017 Thursday ,12 October

Wall Street ends at fresh records; Spanish stocks gain

GMT 21:13 2017 Wednesday ,11 October

Bahrain Bourse daily trading report (update)
Arab Today, arab today
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 flatlines fragile euro weighs Arab Today, arab today gold flatlines fragile euro weighs

 



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 flatlines fragile euro weighs Arab Today, arab today gold flatlines fragile euro weighs

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today EasyJet, Lufthansa among seven to bid

GMT 06:49 2017 Tuesday ,17 October

EasyJet, Lufthansa among seven to bid
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today 3,250 people killed in Raqqa battle

GMT 03:49 2017 Wednesday ,18 October

3,250 people killed in Raqqa battle
Arab Today, arab today Iran's Facebook shuts down

GMT 23:50 2017 Monday ,16 October

Iran's Facebook shuts down
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today British actress becomes fifth woman

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman
Arab Today, arab today Three killed, 360,000 without power

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Anoshka happy for reactions to her talk show

GMT 12:33 2017 Friday ,13 October

Anoshka happy for reactions to her talk show
Arab Today, arab today India to close colonial-era military farms

GMT 18:49 2017 Monday ,16 October

India to close colonial-era military farms

GMT 10:55 2017 Thursday ,12 October

Safaa Sultan happy for “Love School”

GMT 10:37 2017 Thursday ,12 October

Cara Delevingne accuses Weinstein

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 12:02 2017 Saturday ,14 October

Conservation cutbacks put Brazil's

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 12:25 2017 Saturday ,14 October

Squeeze on UK health gives advanced

GMT 07:02 2017 Sunday ,15 October

German minister sparks uproar

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 03:59 2017 Sunday ,15 October

US mobile carriers Sprint, T-Mobile to merge

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new 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