Gold Higher
World Economy

Gold Higher

Gold climbed from a five-year low as Federal Reserve Vice Chairman Stanley Fischer said that US policy makers have done their best to prepare international markets for the first interest rate increase since 2006. Bullion for immediate delivery rose as much as 0.4% to $1,086.64 an ounce and was at $1,085.72 in Singapore, according to Bloomberg generic pricing. Prices gained 1.1% on Thursday as the dollar fell. This week, the metal is up 0.2% after dropping on Wednesday to $1,064.55, the lowest since February 2010. Bullion investors are zeroing in on when higher US borrowing costs are likely to start rising as the metal doesn’t pay interest.

Short URL : http://goo.gl/j2iWht
  1. http://goo.gl/aiJmPE
  • http://goo.gl/UUQ38d
  • http://goo.gl/SmaZ6v
  • http://goo.gl/oY9O0b
  • http://goo.gl/oxZ485

You can also read ...

China is likely to develop a major overcapacity in production of industrial robots. This will tend to result in building too many factories, and that in turn means price-dumping on global markets.
The Chinese government has adopted a 'Made in China 2025'...
The Trump administration has expressed interest in combating America’s trade deficit with individual countries like China and Mexico.
As the nation was reeling from the racially charged violence...
China mainland stocks enjoyed some of  the steepest gains.
Emerging stocks and some currencies ended the week on a sour...
Brazil Showing Signs of Recovery
Economic activity in Brazil expanded at a faster pace than...
Consumer confidence in Singapore has picked up.
Singapore residents were significantly more optimistic about...
Russia Continues With Privatizations
Russia’s Economy Ministry is continuing with the sale of state...
Academia and business leaders have expressed confidence in the bloc to drive world economic growth.
Academics and business leaders from developing countries...
Fitch Upgrades Greece Debt
Credit rating agency Fitch on Friday upgraded Greece’s debt by...