Arab Today, arab today gold soars nearly 1 reversing early losses
Last Updated : GMT 04:32:26
Arab Today, arab today
Arab Today, arab today

Gold soars nearly 1%, reversing early losses

Arab Today, arab today

Arab Today, arab today Gold soars nearly 1%, reversing early losses

New York - Arabstoday

Gold rose nearly one per cent in heavy trading on Friday, reversing early sharp losses, lifted by higher crude oil and US equities following an encouraging US job report. Bullion, which was flat for the week, initially tumbled in the face of a dollar rally and fading hopes of further US monetary stimulus after a third straight monthly growth in US employment. The metal later staged an impressive $40 (Dh146) turnaround to close above $1,700 an ounce. Price volatility has been increasing after a five per cent drop last Wednesday when Fed Chairman Ben Bernanke did not signal more easing was on the way. One money manager said investors have not completely ruled out further quantitative easing based on anaemic US growth and a lack of confidence in Europe to resolve its debt crisis. Even though the [job] number looks good, there\'s not an overwhelming sense that there\'s going to be great times ahead,\" said Jeffrey Sica, chief investment officer of SICA Wealth Management with more than $1 billion in assets. \"As long as the ‘quantitative easing devaluating the dollar scenario\' is present, it will support the price of gold,\" Sica said. Spot gold gained 0.7 per cent on the day to $1,710.81 an ounce by 2.58pm on Friday (1958 GMT), having fallen to a session low of $1,677.34, which is a six-week low. Gold was flat for the week, as its gains on Friday largely wiped out losses from earlier last week. Spot silver rose one per cent to $34.20 an 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 soars nearly 1 reversing early losses Arab Today, arab today gold soars nearly 1 reversing early losses

 



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 soars nearly 1 reversing early losses Arab Today, arab today gold soars nearly 1 reversing early losses

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today Italy regions back 'big bang' autonomy

GMT 07:10 2017 Monday ,23 October

Italy regions back 'big bang' autonomy
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Trump: End of Daesh is in sight

GMT 20:29 2017 Monday ,23 October

Trump: End of Daesh is in sight
Arab Today, arab today Maltese demand justice for murdered

GMT 06:08 2017 Monday ,23 October

Maltese demand justice for murdered
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Lost Australia diver swam miles

GMT 19:09 2017 Monday ,23 October

Lost Australia diver swam miles
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Tesla to build wholly-owned plant

GMT 07:55 2017 Monday ,23 October

Tesla to build wholly-owned plant
Arab Today, arab today EU raids automaker BMW

GMT 11:06 2017 Saturday ,21 October

EU raids automaker BMW
Arab Today, arab today Rogina happy for reactions to “The Flood”

GMT 09:30 2017 Friday ,20 October

Rogina happy for reactions to “The Flood”
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'

GMT 08:15 2017 Thursday ,19 October

Actress Mona Zaki praises husband’s role

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 06:07 2017 Sunday ,22 October

15,000 Under Fives Die

GMT 12:54 2017 Saturday ,21 October

Malaysia Airlines picks new CEO

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
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