30678
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 ...

Federal Reserve Board Chairman Jerome Powell speaks during a hearing before the Senate Banking, Housing and Urban Affairs Committee.
US Federal Reserve Chairman Jerome Powell said protectionism...
India Launches 888 Anti-Dumping Probes
The Indian government has initiated as many as 214 anti-...
Fitch Retains Philippine  Debt Rating
Global debt watcher Fitch Ratings kept the Philippines’...
Lloyds Loses Mortgage Market Share
Lloyds lost market share in UK mortgages last year as Royal...
EU to Fine Google $5 Billion
Google will be fined about €4.3 billion ($5 billion) by the...
Shifting transactions from cash to digital payments holds great promise for  individuals, businesses and governments.
More than 23% of the world's economy operates out of sight of...
UN to Help Rebuild Gaza Economy, Create Jobs
Against the backdrop of rapidly rising tension, violence,...
Copper Prices to Go on Steroids
Copper’s slump amid a deepening global trade conflict offers a...

Trending

Googleplus