gold up after fed minutes release
Last Updated : GMT 07:27:58
Arab Today, arab today
Arab Today, arab today

Gold up after Fed minutes release

Arab Today, arab today

Arab Today, arab today Gold up after Fed minutes release

Gold futures
Chicago - XINHUA

Gold futures on the COMEX division of the New York Mercantile Exchange rose on Thursday as traders digested the minutes from the Federal Open Market Committee (FOMC) meeting, released after the market's close on Wednesday.

The most active gold contract for June delivery rose 13.7 U.S. dollars, or 1.12 percent, to settle at 1,237.50 dollars per ounce.

Gold settled higher Thursday after the US Federal Reserve released the minutes from their latest March FOMC meeting.

The minutes indicated that the Fed would continue to be cautious with the timing of an interest rate hike: signaling that an April rate hike would be highly unlikely.

According to the CMEGroup's Fedwatch tool, the current implied probability of a hike is at 3 percent at the April 2016 meeting, and 14 percent at the June 2016 meeting, both lower than one day before.

Analysts believed the goal of the Fed is to soak up some of the banks' 2.5 trillion U.S. dollars of excess reserves as the U.S. economy begins to recover. Banks become more willing to take risks in a bullish economy, and as a result could potentially release some of their excessive reserves, flooding the economy with cash, causing inflation.

The release of these minutes put pressure on U.S. equities, which in turn gave support to gold. The FTSE 100 Index, the British benchmark stock market gauge, and other major European stocks also fell Wednesday.

Analysts noted that when equities post losses, the precious metal usually goes up, as investors are looking for a safe haven, while the opposite is true when U.S. equities post gains.

On the economic front, in the week ending April 2, the advance figure for seasonally adjusted initial jobless claims decreased 9,000 from the previous week's unrevised level to a slightly lower-than-expected 267,000, the U.S. Labor Department reported Thursday.

Silver for May delivery rose 10.40 cents, or 0.69 percent, to close at 15.158 dollars per ounce. Platinum for July delivery added 10.00 dollars, or 1.06 percent, to close at 954.70 dollars per ounce.

 

arabstoday
arabstoday

GMT 02:28 2016 Saturday ,01 October

Gold down on stronger US equities

GMT 14:27 2016 Saturday ,10 September

Gold down on Fed comments, stronger dollar

GMT 08:14 2016 Friday ,02 September

Gold up on weaker US data

GMT 02:01 2016 Saturday ,20 August

Gold down on stronger US dollar

GMT 02:52 2016 Wednesday ,17 August

Gold up on mixed US data, weaker dollar
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*

gold up after fed minutes release gold up after fed minutes release

 



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*

gold up after fed minutes release gold up after fed minutes release

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Visit Jamaica for more than just sun

GMT 09:45 2017 Tuesday ,21 November

Visit Jamaica for more than just sun
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today UN warns of conflict in Gaza

GMT 08:39 2017 Tuesday ,21 November

UN warns of conflict in Gaza
Arab Today, arab today Missouri problem mirrors woes

GMT 06:46 2017 Tuesday ,21 November

Missouri problem mirrors woes
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
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 VW says will invest over 34bn euros

GMT 07:19 2017 Tuesday ,21 November

VW says will invest over 34bn euros
Arab Today, arab today Driverless, electric future just round

GMT 02:45 2017 Monday ,20 November

Driverless, electric future just round
Arab Today, arab today Fedra happy for “Between Two Worlds” success

GMT 09:23 2017 Saturday ,18 November

Fedra happy for “Between Two Worlds” success
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 12:15 2017 Friday ,17 November

Mona Abdel Ghany increased artistic activities

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 00:54 2017 Monday ,20 November

Mideast in danger as London explores

GMT 03:12 2017 Saturday ,18 November

Prince's vision spurs new Cornwall village

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
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