Arab Today, arab today gold rises despite hints of scaledown in bond purchases
Last Updated : GMT 08:19:34
Arab Today, arab today
Arab Today, arab today

Gold rises despite hints of scaledown in bond purchases

Arab Today, arab today

Arab Today, arab today Gold rises despite hints of scaledown in bond purchases

Chicaho - XINHUA

Gold futures on the COMEX division of the New York Mercantile Exchange rose slightly Monday despite hints of scaledown in bond purchase by Federal Reserve officials. The most active gold contract for February delivery rose 5.2 U. S. dollars, or 0.42 percent, to settle at 1,234.2 dollars per ounce. President of Richmond Federal Reserve Bank Jeffrey Lacker said Monday that he expected Fed policy makers would debate cutting back on the current 85 billion U.S. dollars monthly pace of asset purchases. St. Louis Fed President James Bullard also said Monday the best move may be a small scaledown in bond purchases in December. The talk of scaleback of bond purchases always remains a negative factor for gold price, market analysts say. However, the fact that gold failed to break previous lows last week is a welcome sign for investors, which may be the reason behind Monday' s slight rise of gold prices, they say. Analysts say that gold must break a short-term bearish trend before it can embrace a true rally. Silver for March delivery remained unchanged from the previous trading day to close at 19.523 dollars per ounce. Platinum for January delivery climbed 12.2 dollars, or 0.9 percent, to close at 1,368.5 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 rises despite hints of scaledown in bond purchases Arab Today, arab today gold rises despite hints of scaledown in bond purchases

 



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 rises despite hints of scaledown in bond purchases Arab Today, arab today gold rises despite hints of scaledown in bond purchases

 



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

GMT 17:28 2017 Thursday ,18 May

Saudi stocks rise in heavy trading

GMT 21:37 2017 Wednesday ,17 May

US Stocks Close Mixed

GMT 04:58 2017 Wednesday ,17 May

Tadawul index gains 0.7%

GMT 06:20 2017 Tuesday ,16 May

Tadawul index climbs 0.6%

GMT 13:43 2017 Monday ,15 May

Oman share index declines marginally
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