gold prices hit highest since april
Last Updated : GMT 07:25:12
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 07:25:12
Arab Today, arab today

Gold prices hit highest since April

Arab Today, arab today

Arab Today, arab today Gold prices hit highest since April

London - Arab Today

Gold prices hit a six-week high on Monday, buoyed by disappointing US jobs data that dimmed the prospects for an aggressive run of interest rate increases in the world’s biggest economy.
US job growth slowed in May and employment gains in the prior two months were not as strong as previously reported, data showed on Friday, suggesting a loss of momentum in the labor market.
Higher interest rates put pressure on gold prices by increasing the opportunity cost of holding non-yielding bullion. Spot gold was steady at $1,280.31 per ounce by 1350 GMT, after climbing 1.1 percent on Friday. It hit a peak of $1,282 early in the session, its highest level since April 21.
“Gold has got a bit of a lift from payroll numbers from Friday, which has carried through to today but there is also support from terrorist events,” ETF Securities commodities strategist Nitesh Shah said, referring to an attack in London at the weekend.
“Gold tends to be the port of call when people are anxious and events like that make people anxious,” he said.
“(European elections have) been an underlying supportive factor for some time, providing some good safe-haven buying but not enough to spark any panic buying. That is why we think things will be relatively subdued,” ANZ analyst Daniel Hynes said.
US gold futures were up 0.2 percent at $1,283.10 an ounce. The dollar index, which tracks exchange rates against a basket of six major currencies, kept a lid on gains in bullion by edging higher on Monday. But it was not far from Friday’s low of 96.654, its weakest since Nov. 9.

Source: Arab News

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*

gold prices hit highest since april gold prices hit highest since april

 



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 prices hit highest since april gold prices hit highest since april

 



Arab Today, arab today Modern colorful bedroom renovation

GMT 11:23 2017 Thursday ,21 December

Modern colorful bedroom renovation
Arab Today, arab today For the Variety of Interior Design Styles

GMT 11:14 2017 Tuesday ,19 December

For the Variety of Interior Design Styles

GMT 13:20 2017 Saturday ,23 September

Global crisis? Not on his Milan runway

GMT 09:51 2017 Tuesday ,07 November

Broadcom makes $130 bn mega-bid

GMT 09:12 2017 Tuesday ,28 November

Creative and Simple Shabby Chick Design Ideas

GMT 23:02 2018 Thursday ,13 December

Aoun meets UN Special Coordinator

GMT 13:07 2017 Wednesday ,27 December

Christmas traditions through the ages

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings

GMT 02:56 2017 Thursday ,23 November

Sophian Yussef reveals suitable decoration

GMT 06:58 2016 Friday ,08 April

Cameron, Argentina's Macri caught

GMT 14:53 2018 Friday ,23 November

Putin to hold annual news conference on December 20

GMT 10:28 2018 Monday ,22 January

Uggs, pigs and tartan

GMT 09:16 2017 Thursday ,26 October

Wael Jassar participates in concerts in Cairo

GMT 14:36 2016 Wednesday ,26 October

Shurooq Outlines Sharjah’s Case

GMT 12:55 2017 Thursday ,30 November

China warns of retaliation after fresh

GMT 10:03 2018 Monday ,10 December

23 Palestinians arrested in West Bank

GMT 20:58 2018 Thursday ,06 September

Fur the record: Burberry to put out bonfire of luxuries

GMT 08:12 2018 Sunday ,02 December

Mattis says Venezuela's Maduro will 'have to go'

GMT 10:54 2016 Monday ,14 November

US elections have heightened uncertainty

GMT 09:11 2017 Friday ,29 December

Ragheb issues new song with Egyptian accent

GMT 02:18 2017 Wednesday ,25 October

Jan21/Feb19
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