Gold futures on the COMEX division of the New York Mercantile Exchange went down slightly Wednesday. The most active gold contract for December delivery lost 1.4 dollars, or 0.1 percent, to settle at 1,418.8 dollars per ounce. But the loss was limited given a possible military strike in Syria. There's nothing like the threat of military action that can bring investors back to gold. Gold price is just consolidating at this level of resistance before moving up further, market analysts hold. Market analysts believe that gold demand from the Middle East is increasing as a result of tense situation in Syria, in addition to the demand from Asia. Gold prices have advanced strongly in the past two weeks, and have risen at least 20 percent from the intraday low of 1,180 dollars reported on June 28. In August alone, gold prices have gained 8 percent. But on a yearly basis, gold prices are still down by nearly 16 percent. Silver for September delivery dropped 26 cents, or 1.05 percent, to close at 24.391 dollars per ounce. Platinum for October delivery rose 8 dollar, or 0.52 percent, to close at 1,540.1 dollars per ounce.
GMT 11:02 2018 Tuesday ,11 December
ASE opens trading on lower noteGMT 15:40 2018 Monday ,10 December
Amman stock market closes trading at JD4.4 millionGMT 19:10 2018 Wednesday ,05 December
Index at Palestine stock market drops by less than one pointGMT 17:58 2018 Sunday ,25 November
Amman stock market wraps up trading at JD2.6 millionGMT 14:24 2018 Thursday ,22 November
Russia’s stock market demonstrates record-breaking figures in 2018GMT 11:45 2018 Tuesday ,20 November
Tokyo stocks close lower as tech issues weigh, Nissan tumblesGMT 15:08 2018 Monday ,19 November
Amman stock market wraps up trading at JD6.1 millionGMT 15:51 2018 Sunday ,18 November
U.S. stocks post weekly losses amid tech shares routMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor