Arab Today, arab today gold settles down as rate worries spur global selloff
Last Updated : GMT 06:27:20
Arab Today, arab today
Arab Today, arab today

Gold settles down as rate worries spur global selloff

Arab Today, arab today

Arab Today, arab today Gold settles down as rate worries spur global selloff

Chicago - XINHUA

Gold futures on the COMEX division of the New York Mercantile Exchange futures ended lower on Tuesday, with the precious metal caught in a downdraft after the Bank of Japan offered no additional stimulus and global investors showed mounting concerns over rising short-term interest rates. The most active gold contract for August delivery fell 9 U.S. dollars, or 0.65 percent, to 1,377 dollars an ounce. Gold is moving down in response to a broader selloff taking hold around the world overnight. The specific impact with gold appears to be rising short-term rates not only in Japan, but elsewhere as well, market analysts say. Although gold typically rallies when investors shun equities and other so-called risky assets, a broader drop in commodity prices helped pull gold down, analysts say. The U.S. Treasury prices fell Tuesday as global government bond markets took a beating, pushing the yield on the 10-year U.S. Treasury note to its highest level since April 2012. U.S. stocks opened the day lower, and then pared initial losses before slipping back to the downside. Asian and European markets tumbled, while emerging-market equities saw heavy losses after the Bank of Japan made no changes to its program of asset purchases and other policy measures. Silver for July delivery fell 27.9 cents, or 1.27 percent, to close at 21.646 dollars per ounce.  

arabstoday
arabstoday

GMT 05:41 2017 Tuesday ,23 May

Tadawul index stays almost flat

GMT 20:24 2017 Saturday ,20 May

US Stocks Close Higher

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

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 settles down as rate worries spur global selloff Arab Today, arab today gold settles down as rate worries spur global selloff

 



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 settles down as rate worries spur global selloff Arab Today, arab today gold settles down as rate worries spur global selloff

 



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 How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?

GMT 05:41 2017 Tuesday ,23 May

Tadawul index stays almost flat

GMT 20:24 2017 Saturday ,20 May

US Stocks Close Higher

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
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