Gold futures on the COMEX division of the New York Mercantile Exchange rose Monday ahead of a U.S. Federal Reserve policy meeting. The most active gold contract for August delivery rose 6.9 U.S. dollars, or 0.52 percent, to settle at 1,328.4 dollars per ounce. The U.S. central bank is expected to announce its monetary policy at the two-day Federal Open Market Committee meeting that will start on Tuesday. Market analysts believe that the U.S. central bank will keep the monetary policy steady at present, though some take it that chances are large for the Fed to scale back its assets purchase in September. The gold market will embrace a cluster of economic data releases this week: U.S. second-quarter gross domestic product on Wednesday, China manufacturing data and the U.S. unemployment rate on Friday. The European Central Bank and the Bank of England will also make their monetary-policy decisions this week. Gold prices rose 2.2 percent last week and nearly 9 percent in the past three weeks. However, market analysts hold that the rebound in gold in recent weeks is temporary, and that gold prices may fall to 1,000 dollars an ounce by 2015. Silver for September delivery climbed 9.3 cents, or 0.47 percent, to close at 19.864 dollars per ounce. Platinum for October delivery gained 19.9 dollars, or 1.4 percent, to close at 1,442.7 dollars per ounce.
GMT 11:02 2018 Tuesday ,11 December
ASE opens trading on lower noteGMT 15:40 2018 Monday ,10 December
Amman stock market closes trading at JD4.4 millionGMT 19:10 2018 Wednesday ,05 December
Index at Palestine stock market drops by less than one pointGMT 17:58 2018 Sunday ,25 November
Amman stock market wraps up trading at JD2.6 millionGMT 14:24 2018 Thursday ,22 November
Russia’s stock market demonstrates record-breaking figures in 2018GMT 11:45 2018 Tuesday ,20 November
Tokyo stocks close lower as tech issues weigh, Nissan tumblesGMT 15:08 2018 Monday ,19 November
Amman stock market wraps up trading at JD6.1 millionGMT 15:51 2018 Sunday ,18 November
U.S. stocks post weekly losses amid tech shares routMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor