Arab Today, arab today us gold drops on stronger dollar
Last Updated : GMT 06:11:27
Arab Today, arab today
Arab Today, arab today

US gold drops on stronger dollar

Arab Today, arab today

Arab Today, arab today US gold drops on stronger dollar

Chicago - XINHUA

Gold futures on the COMEX division of the New York Mercantile Exchange dropped on a stronger dollar Friday, ending the week with a loss of 2.9 percent. The most active gold contract for December delivery dropped 10. 5 dollars, or 0.79 percent, to settle at 1,313.2 dollars per ounce. U.S. dollar rose against other major currencies, especially the euro, on fears that the European Central Bank may cut interest rates as inflation in the eurozone fell to the lowest level in almost four years in October. The dollar index, a gauge of greenback against a basket of currencies, rose to 80.727 Friday from 80.221 late Thursday. The U.S. dollar has been quite strong in recent sessions, making dollar-denominated commodities such as gold more expensive for holders of other currencies. Data released Friday also weakened gold. The Institute for Supply Management's manufacturing index climbed to 56.4 percent in October, the highest level since April 2011, up from 56.2 percent in September. This indicated that the U.S. economy continued to improve, though at a slow pace. Gold has broken the support level of 1,320 dollar per ounce and is quickly approaching the critical level of 1,300 dollars per ounce. Market analysts believe that gold seems to be stepping into a wide fluctuation range around 1,300 dollars per ounce. Silver for December delivery slipped 3 cents, or 0.14 percent, to close at 21.837 dollars per ounce. Platinum for January delivery rose 3.5 dollars, or 0.24 percent, to close at 1,451.9 dollars per 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 us gold drops on stronger dollar Arab Today, arab today us gold drops on stronger dollar

 



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 us gold drops on stronger dollar Arab Today, arab today us gold drops on stronger dollar

 



Arab Today, arab today Etiquette expert calls for short visits

GMT 16:21 2017 Monday ,26 June

Etiquette expert calls for short visits
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots
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