Arab Today, arab today gold futures score 2 weekly gain
Last Updated : GMT 16:53:24
Arab Today, arab today
Arab Today, arab today

Gold futures score 2% weekly gain

Arab Today, arab today

Arab Today, arab today Gold futures score 2% weekly gain

Chicago - XINHUA

Gold futures on the COMEX division of the New York Mercantile Exchange ended higher Friday, with prices continuing their rebound from hefty losses in 2013 to score a nearly 2 percent gain for the week. The most active gold contract for February delivery rose 13.4 U. S. dollars, or 1.09 percent, to settle at 1,238.6 dollars per ounce. Gold prices, which closed at 1,214 dollars a week ago, finished Friday at their highest level since Dec. 16, according to FactSet data. According to market analysts, bargain hunting and short- covering may have been the initial catalysts for gold market Friday. There are also signs of increasing demand for bars and coins, especially from Asia, which prompts gold futures to score a two-week high. A lot of investors are seeing the drop as an opportunity to accumulate gold, analysts say. In 2013, gold lost 28 percent, the most since 1981 and the first drop since 2000. Some investors lost faith in the metal as an alternative investment amid a record U.S. equity rally and lower inflation. China's demand for jewelry, bars and coins rose 30 percent to 996.3 metric tons in the 12 months that ended Sept. 30, while usage in India, the second biggest buyer of the world, gained 24 percent to 977.6 tons, London-based World Gold Council statistics show. Silver for March delivery rose 8.3 cents, or 0.41 percent, to close at 20.211 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 futures score 2 weekly gain Arab Today, arab today gold futures score 2 weekly gain

 



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 futures score 2 weekly gain Arab Today, arab today gold futures score 2 weekly gain

 



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 Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
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