Gold Plummets
Gold Plummets

Gold Plummets

Gold Plummets

Gold fell on Friday for the first time this week as hawkish comments from US Federal Reserve officials renewed bets on a US rate hike this year, but was still on track to end the week with modest gains, CNBC reported. Spot gold was down 0.4% at $1,346.56 an ounce, but up 0.8% for the week. US gold dropped 0.4% to $1,351.60 an ounce. San Francisco Fed President John Williams on Thursday joined a growing chorus of his colleagues signaling support for a US interest rate hike in coming months. Palladium was down 1% at $705.47, after hitting a one-week high of $717.70 Thursday.

Short URL : http://goo.gl/x8EkUo
  1. http://goo.gl/ENJ40V
  • http://goo.gl/G4QaTF
  • http://goo.gl/WBxgA3
  • http://goo.gl/mM1OP5
  • http://goo.gl/8B9jY5

You can also read ...

Report says China’s economic development must rely on integration between innovation and industrial production,  and work must be done to ensure that innovation progress was passed on to production.
China's new economy will account for an estimated 12% of the...
The process of building a new government could take weeks, so markets may well move on from the result quickly.
Politics dominated trading on Monday, with the euro sliding as...
World countries are casting a shadow on the future of the global economic system.
Next month, when finance ministers and central bank governors...
EU Seeks Protection for Uber-Style Jobs
The European Commission said on Monday it wants more social...
The economy’s return to growth has eased pressure  on the authorities.
Now that Nigeria’s economy is recovering from its worst slump...
US to See Slower Growth
The pace of US economic growth will stay stuck in the low 2%...
One mining services company said it laid off more than 50 employees.
New laws and a crackdown on mining firms in Tanzania has...
Japan PM Announces $17.8b Economic Stimulus Package
Japanese Prime Minister Shinzo Abe said he would seek to...