Gold Near 3-Week High
World Economy

Gold Near 3-Week High

Gold rose to a near three-week high on Friday as the US Federal Reserve’s decision to leave US interest rates unchanged weighed on the dollar, Reuters reported. Spot gold was up 0.7% at $1,138.86 an ounce, having earlier touched its highest since Sept. 1 at $1,141.30, keeping it on track to snap a three-week losing streak. “If it’s December and not September it does seem largely irrelevant to the price of gold,” Macquarie analyst Matthew Turner said of any eventual rate increase. “More supportive is the perception that the Fed seems to have lost a little confidence itself in the rate hike cycle,” he added.

Short URL : https://goo.gl/byBkPs
  1. https://goo.gl/ePnZSh
  • https://goo.gl/q1OZAe
  • https://goo.gl/wul1xz
  • https://goo.gl/6lRk0U
  • https://goo.gl/TLkbY4

You can also read ...

Philippines May Suspend Excise Taxes on Petroleum Products
The Philippine government will suspend the collection of...
Jordan Approves New IMF-Guided Tax Law
Jordan’s cabinet on Monday approved major IMF-guided proposals...
US, China are nearing a deal to remove American sales ban against ZTE.
US President Donald Trump retreated from imposing tariffs on...
At present, the majority of investments are still being done in oil-gas and traditional industries while there is still almost no SME sector in the country.
While Saudi Arabia’s latest budget figures show progress in...
Dubai Bank to Buy Turkey’s Denizbank for $3.2 Billion
Dubai’s biggest lender the National Bank of Dubai has agreed...
SBI Reports Record $1.1b Loss
State Bank of India reported a loss of Rs. 7,718 crore ($1.1...
IHS Markit to  Buy Rival Ipreo  for $1.8 Billion
Data firm IHS Markit Ltd. said it will buy smaller rival Ipreo...
Catalonia Main Risk to Spain Growth
The political situation in Catalonia is one of the main...