38590
Gold Ticks Up
World Economy

Gold Ticks Up

Gold edged higher on Friday as Asian shares fell, adding to its biggest quarterly gain in nearly 30 years, though caution prevailed ahead of the US non-farm payrolls report, Reuters reported. Bullion has climbed 1.4% so far this week, its best such rise in four weeks, after Federal Reserve Chair Janet Yellen said that the US central bank should proceed only cautiously as it looks to raise interest rates. Gold is sensitive to rising rates, which lift the opportunity cost of holding non-yielding assets, while boosting the dollar. Spot gold gained 0.1% to $1,233.30 an ounce following a 0.6% rise overnight.

 

Short URL : http://goo.gl/FzejbW
  1. http://goo.gl/AF6nRT
  • http://goo.gl/NkEccy
  • http://goo.gl/52dlmC
  • http://goo.gl/8ZRS2V
  • http://goo.gl/Lq6bdV

You can also read ...

Automation is eroding jobs.
As workers struggle with the uneven fruits of globalization...
Danish CCI Falls
Denmark’s consumer confidence weakened for the third straight...
Gold Hits Two-Week Low
Gold hit its lowest in over two weeks on Monday, as the dollar...
Kobe Steel Faces Key Debt Test
As Kobe Steel Ltd becomes increasingly embroiled in a data...
Taiwan Jobless Rate Down
The unemployment rate for Taiwan in September moved lower as...
The GDP growth rate would hover around 3% a year.
World Bank’s projection for Kazahstan’s 2017 growth has been...
Brazil Watchdog to Reject Oi Plan
Brazil’s telecoms regulator Anatel on Monday is set to reject...
Pedestrians are reflected on a window displaying share prices of the Tokyo Stock Exchange in Tokyo on October 23, 2017.
Asian stocks ended broadly higher on Monday after the US...

Trending

Googleplus