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 ...

Cambodia’s economic outlook remains positive, but is subject to downside risks.
The IMF Managing Director Christine Lagarde expressed optimism...
More and more Thai merchants are integrating WeChat Pay and Alipay’s systems to cater to tourists.
The internet has changed the way most people live. Through...
More India Bank Frauds Revealed
Over 25,800 fraud cases involving about Rs179 crore ($1.79...
Free trade achieves more good for the planet.
US President Donald Trump’s steel tariffs have brought the...
Qatar Calls to Investigate UAE Bank’s Bogus Deals
Qatar has asked US regulators to investigate the US subsidiary...
Morocco Currency Reform on Right Track
Few weeks after the launch of the gradual dirham float, the...
Apparel imports from ASEAN are growing, spurred by low labor costs  in such countries as Vietnam.
Import prices for apparel and daily goods in Japan plunged...
Germany to Push for Free Trade at G20
Germany’s new Finance Minister Olaf Scholz warned on Sunday...