Arab Today, arab today gold prices fall
Last Updated : GMT 15:01:33
Arab Today, arab today
Arab Today, arab today

Gold prices fall

Arab Today, arab today

Arab Today, arab today Gold prices fall

New York - Irna

Europe’s lingering financial troubles have sent gold on a four-day slide.Gold for February delivery fell $9.70 to finish at $1,577.20 an ounce Thursday. That’s a loss of $140 so far this week and a $323 drop from the year’s high of about $1,900 an ounce. Yet, gold still is outperforming stocks. The price is up 11 percent on the year, compared with a 3 percent drop in the Standard & Poor’s 500 index, AP reported. Much of the decline in gold can be blamed on questions about Europe’s efforts to resolve its sovereign debt crisis and what the impact on the global economy will be. A slowdown in growth in China has also been a factor. For most of last year and through the summer, gold was a go-to asset as stock markets turned volatile. Gold also benefited from a Federal Reserve program called “quantitative easing,” which was designed to boost economic growth by encouraging lending and keeping interest rates low. However that policy also caused the dollar to weaken against other currencies. That sent gold higher because investors tend to buy gold when they’re worried about a weak dollar causing inflation. With the dollar strengthening in recent trading-- it’s up 2 percent this week against an index of other currencies -- gold has become less attractive and traders have shifted money into cash and Treasurys. Many analysts, like Edward Meir of INTL FC Stone, believe gold prices will continue to fall because of the uncertainty about Europe’s strategy for preventing a breakup of its currency union. In March metals contracts, silver rose 33.9 cents to finish $29.274 an ounce, copper fell 1.15 cents to $3.267 per pound and palladium rose $1.05 to $620.65 an ounce. January platinum declined $19.30 to end at $1,407 an ounce. Benchmark oil fell $1.08 to finish at $93.87 per barrel on the New York Mercantile Exchange. Heating oil fell 0.74 cent to end at $2.8225 per gallon, gasoline futures declined 1.6 cents to $2.4877 per gallon and natural gas ended down 0.9 cent at $3.127 per 1,000 cubic feet. March wheat fell 1.5 cents to finish at $5.7925 per bushel, March corn fell 1.75 cents to $5.79 per bushel and January soybeans rose 11.75 cents to $11.1175 per bushel.

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 prices fall Arab Today, arab today gold prices fall

 



Arab Today, arab today
Arab Today, arab today Fadi explains secrets of  Nancy Ajram's newlook

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Tourist guide explains types of tourism

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars

GMT 14:28 2017 Saturday ,25 February

Gold hits 3.5-month high

GMT 03:11 2017 Saturday ,25 February

50 Tunisian exhibitors at Gulfood 2017, Dubai

GMT 02:19 2017 Saturday ,25 February

SIEL expo, March 1-4

GMT 12:30 2017 Friday ,24 February

Norway's Telenor to leave Indian telecom market

GMT 10:17 2017 Friday ,24 February

Dow stands out as global stocks tread water

GMT 16:11 2017 Thursday ,23 February

Bahrain Bourse daily trading report
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Ola Ghanem hopes to work with M.Ramadan

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
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