42608
Gold Slides
World Economy

Gold Slides

Gold fell to its lowest in over three months early on Monday as the dollar hit a one-month high against the yen after US Federal Reserve chief Janet Yellen said the central bank could raise interest rates in the coming months, Reuters reported. Spot gold had dropped 0.5% to $1,205.70 per ounce. Bullion touched a low of $1205.50 earlier in the session, its lowest since Feb. 22. US gold was down 0.7% at $1,205.50. Gold output in Australia, the world’s second biggest producer, slipped 2% in the first quarter, a survey released on Sunday showed.

 

Short URL : http://goo.gl/1guK6s
  1. http://goo.gl/6yEIlN
  • http://goo.gl/ywkPZ6
  • http://goo.gl/EZnvoM
  • http://goo.gl/W7O9s6
  • http://goo.gl/a3NtqZ

You can also read ...

The treasury department in Washington
Foreign governments pulled back their purchases of longer-term...
Brazil, India Corporate Debt at Risk of Default
A 200 basis-point increase in interest rates could spark a...
Shares of petrochemical companies in Asia slumped on Tuesday, tracking the global equity downturn overnight.
The trade dispute between the world’s two largest economies...
Six people including two former HBOS bankers were jailed last year.
An internal Lloyds Banking Group report written by a former...
BoK Hints at Rate Increase
Bank of Korea Gov. Lee Ju-yeol indicated Tuesday that the bank...
London Metals Cut Losses
London metals edged higher and Shanghai contracts cut early...
China Accuses Trump of Blackmail, Vows Strong Retaliation
China vowed to retaliate after President Donald Trump...
Mario Draghi
Mario Draghi promised that the European Central Bank will take...

Trending

Googleplus