Arab Today, arab today gold to 4month low at usd 1636 per ounce
Last Updated : GMT 04:07:06
Arab Today, arab today
Arab Today, arab today

Gold to 4-month low at USD 1636 per ounce

Arab Today, arab today

Arab Today, arab today Gold to 4-month low at USD 1636 per ounce

Kuwait City - KUNA

Gold prices have come down by over three percent by end of last week to reach USD 1,636 per ounce, which is a four-month low thought to be the result of anxiety related to the US financial cliff dilemma. According to the report of Sabaek Al-Kuwait company, the yellow metal was affected by sharp sales and profit-taking as well as annual closings. However, gold remains up for the second year in a row despite this drop at an up of five percent since start of 2012. The report expects gains within the few coming days to the range of USD 1, 665 per ounce, in view of strong demand and continue shortage of supply in the world market. The report predicts \"the strongest support to prices would be central banks\' continued effort to increase gold reserves.\" When it comes to silver, the report noted a steeper decline of eight percent of its value by end of last week to USD 30.1, in the biggest decline in a single week since last May. With the volatility of price and moderate value compared to other precious metals, the while metal is still sought by investors and speculators. Some estimates predict a price of USD 40 per ounce in the first half of 2013 amid continued strong industrial demand, coupled with the jewelry market demand. The local gold market was gaining from this drop and there was hike in sales of all types of jewelry, particularly worked gold, and 21 carat gold was selling at KD 13.1 per gram while 18 carat was selling at KD 11.3 per gram. Pure gold was down below the KD 15,000 per kilo mark for the first time in four months, which promoted some investors to hike their 24 carat gold reserves, eyeing good profit-taking on the short-run.  

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 to 4month low at usd 1636 per ounce Arab Today, arab today gold to 4month low at usd 1636 per ounce

 



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 to 4month low at usd 1636 per ounce Arab Today, arab today gold to 4month low at usd 1636 per ounce

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Taxi! Transport gets an overhaul

GMT 12:09 2017 Sunday ,24 September

Taxi! Transport gets an overhaul
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 Turkey warns of 'security' steps

GMT 12:17 2017 Sunday ,24 September

Turkey warns of 'security' steps
Arab Today, arab today North Korea 'more opaque'

GMT 10:50 2017 Sunday ,24 September

North Korea 'more opaque'
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today 'Lady Beast' fights for girl gamers

GMT 10:27 2017 Sunday ,24 September

'Lady Beast' fights for girl gamers
Arab Today, arab today Psychologists help Mexico deal

GMT 05:05 2017 Sunday ,24 September

Psychologists help Mexico deal
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 Third generation adds more power

GMT 13:40 2017 Sunday ,24 September

Third generation adds more power
Arab Today, arab today Carmakers face billions in European

GMT 12:37 2017 Saturday ,23 September

Carmakers face billions in European
Arab Today, arab today Lebleba is preoccupied in filming 'Back Street'

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'
Arab Today, arab today Big Western brands polluting oceans

GMT 20:10 2017 Saturday ,23 September

Big Western brands polluting oceans

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 18:11 2017 Saturday ,23 September

Doctor provides advices to families

GMT 13:36 2017 Saturday ,23 September

unveils Joon - the 'millenials' airline

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
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