Arab Today, arab today gold prices up in asia
Last Updated : GMT 18:19:32
Arab Today, arab today
Arab Today, arab today

Gold Prices up in Asia

Arab Today, arab today

Arab Today, arab today Gold Prices up in Asia

Gold Prices up in Asia
Singapore - QNA

Gold gained in Asia on Tuesday with investors looking ahead to data on U.S. consumer prices for indications on the likely path of Federal Reserve interest rate moves this year.

    On the Comex division of the New York Mercantile Exchange, gold for June delivery rose 0.17% to $1,276.35 a troy ounce. Silver for July delivery gained 0.21% to $17.190 a troy ounce. Copper for July delivery inched up 0.10% to $2.093 a pound. 

    Overnight, gold ticked up on Monday to reach a one-week high, ahead of the release of key consumer price data in the U.S., as downbeat manufacturing and soft producer prices in Japan lowered sentiments on an impending rebound in the global economy.

    Gold extended previous gains on Monday morning after the Federal Reserve Bank of New York said its Empire State Manufacturing Index in May has fallen 9.02 points, halting a brief run of monthly gains over the prior two months. Weakness in new orders and inventories dragged down the overall reading, while shipments turned lower in May creating further declines. Analysts expected an increase of 7.00, following a 9.56 gain in April.

    Investors await Tuesday's release of the Consumer Price Index (CPI) for April for further indications on the timing of the Federal Reserve's first interest rate hike in 2016. Analysts are predicting a mild increase of 0.3% in April CPI, in response to a 0.1% gain in March. The Core CPI Index, which strips out volatile food and energy prices, is expected to tick up by 0.2%. Since raising interest rates for the first time in seven years in December, the Fed has been hesitant to tighten its money policy cycle even further amid sluggish inflation.

    Any rate hikes by the Fed this year are viewed as bearish for gold, which struggles to compete with high yield bearing assets in rising rate environments.

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 prices up in asia Arab Today, arab today gold prices up in asia

 



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 prices up in asia Arab Today, arab today gold prices up in asia

 



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