Arab Today, arab today gold up ahead of fed meeting
Last Updated : GMT 20:01:04
Arab Today, arab today
Arab Today, arab today

Gold up ahead of Fed meeting

Arab Today, arab today

Arab Today, arab today Gold up ahead of Fed meeting

Gold
Chicago - XINHUA

Gold futures on the COMEX division of the New York Mercantile Exchange rose on Monday ahead of the U.S. Federal Reserve's April Federal Open Market Committee (FOMC) meeting.

The most active gold contract for June delivery rose 10.2 U.S. dollars, or 0.83 percent, to settle at 1,240.20 dollars per ounce.

Traders are hedging their bets as the U.S. central bank prepared to enter its scheduled April FOMC meeting. Analysts believe that it is unlikely that the Fed will raise rates during this meeting, but believe that the Fed will provide more hints to investors on the timing of a rate hike. After March's FOMC meeting, traders believe that the Fed may raise rates from 0.50 to 0.75 during the July FOMC meeting. According to the CMEGroup' s Fedwatch tool, the current implied probability of a hike from 0.50 to 0.75 is at 23 percent at the June 2016 meeting, and 37 percent at the July 2016 meeting.

Gold was given further support as the U.S. Dollar Index fell by 0.32 percent to 94.73 as of 17:45 GMT. The index is a measure of the dollar against a basket of major currencies. Gold and the dollar typically move in opposite directions, which means if the dollar goes up, gold futures will fall as gold, measured by the dollar, becomes more expensive for investors.

The precious metal was given additional support as a report released by the U.S. Department of Commerce showed new home sales falling by 1,000 to a 511,000 level during the month of March, which was worse-than-expected. However, analysts note that there was a 7,000 upward revision to 519,000 for the month of February, which analysts note was far better-than-expected, and may have tempered the bad news from March.

Traders are expecting the durable goods orders report to be released on Tuesday, the international trade in goods and FOMC meeting announcement on Wednesday, gross domestic product report on Thursday, and personal income and outlays on Friday.

Silver for May delivery added 10.9 cents, or 0.64 percent, to close at 17.009 dollars per ounce. Platinum for July delivery rose 7.3 dollars, or 0.72 percent, to close at 1,018.50 dollars per ounce.
Source: XINHUA

arabstoday
arabstoday

GMT 19:22 2017 Tuesday ,11 April

Gold Rises for Fourth Week in a Row

GMT 22:16 2017 Thursday ,30 March

Gold Prices Stable in Tuesday

GMT 22:14 2017 Thursday ,30 March

Gold Prices Stable in Tuesday

GMT 19:19 2017 Saturday ,25 March

Gold Prices Rise on Wednesday

GMT 22:06 2017 Friday ,10 March

Gold hits lowest since January
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 up ahead of fed meeting Arab Today, arab today gold up ahead of fed meeting

 



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 up ahead of fed meeting Arab Today, arab today gold up ahead of fed meeting

 



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 Lufthansa chief eyes up to 78

GMT 11:29 2017 Thursday ,21 September

Lufthansa chief eyes up to 78
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 Rouhani at UN defends Iran nuclear deal

GMT 09:41 2017 Thursday ,21 September

Rouhani at UN defends Iran nuclear deal
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
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 China lifts 10-year travel ban

GMT 18:09 2017 Thursday ,21 September

China lifts 10-year travel ban
Arab Today, arab today Puerto Rico, Virgin Islands brace

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace
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 Intel chips loaded in Waymo

GMT 14:43 2017 Wednesday ,20 September

Intel chips loaded in Waymo
Arab Today, arab today Five trends at the Frankfurt auto show

GMT 12:04 2017 Monday ,18 September

Five trends at the Frankfurt auto show
Arab Today, arab today Actress Ream Hhagag prepares for a new film

GMT 09:40 2017 Tuesday ,19 September

Actress Ream Hhagag prepares for a new film
Arab Today, arab today France hopeful of persuading Trump

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 12:14 2017 Monday ,18 September

Horia Farghaly happy for success of “Case G”

GMT 10:35 2017 Thursday ,14 September

New Zealand opposition looks

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 04:49 2017 Wednesday ,20 September

WHO urges Yemen to accept vaccines

GMT 16:04 2017 Tuesday ,19 September

Egypt tourism revival steady but slow

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