Arab Today, arab today gold reclaims 1600 after manufacturing data
Last Updated : GMT 15:50:29
Arab Today, arab today
Arab Today, arab today

Gold reclaims $1600 after manufacturing data

Arab Today, arab today

Arab Today, arab today Gold reclaims $1600 after manufacturing data

Chicago - XINHUA

Gold futures on the COMEX division of the New York Mercantile Exchange ended higher Monday, reclaiming the 1,600 U.S. dollars level as the market found some safe-haven support from a weaker-than-expected data on the U.S. manufacturing sector. The most active gold contract for June delivery rose 5.2 dollars, or 0.33 percent, to settle at 1,600.9 dollars per ounce. Tracking the most-active contracts, gold futures rose 1.1 percent in March, but lost 4.8 percent for the first quarter. Data on Monday showed that the pace of sales and production at U.S. manufacturers slowed in March. The Institute for Supply Management\'s survey of senior executives fell to 51.3 percent from 54.2 percent in February. For now, gold is finding support from the weak ISM manufacturing report, according to market analysts. Gains for gold Monday also came as the U.S. dollar weakened. The dollar index, which measures the greenback\'s performance against six other major currencies, dropped to 82.746 on Monday from 82.998 on Friday. Dollar weakness often provides support for prices of dollar-denominated commodities such as gold and oil. Given that backdrop, silver for May delivery lost 37.9 cents, or 1.34 percent, to close at 27.944 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 reclaims 1600 after manufacturing data Arab Today, arab today gold reclaims 1600 after manufacturing data

 



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 reclaims 1600 after manufacturing data Arab Today, arab today gold reclaims 1600 after manufacturing data

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
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 Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
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