48223
Gold at 2-Week Low
World Economy

Gold at 2-Week Low

Gold fell on Monday to its lowest in nearly two weeks as the dollar strengthened after comments from US Federal Reserve officials increased bets on a US rate hike this year. Spot gold had fallen 0.6% to $1,333.40 an ounce, after touching a low of $1,331.35, a level not seen since Aug. 9, CNBC reported. US gold dropped 0.6% to $1,337.90 an ounce. Spot gold is expected to drop deeply to $1,320 per ounce, according to Reuters technical analyst Wang Tao. Spot silver hit a 7-week low of $18.79 an ounce and was down over 2%. Platinum was down 0.7% at $1,102.65, while palladium fell 0.8% to $702.52.

 

Short URL : http://goo.gl/1KoK91
  1. http://goo.gl/Df6Ysu
  • http://goo.gl/6Qhz6g
  • http://goo.gl/v4ZBSp
  • http://goo.gl/7zHAAt
  • http://goo.gl/iYi2dj

You can also read ...

Both, Russia and China, have intensified efforts in recent years to settle bilateral trade not in US dollars, but in rubles and yuan. Gold is considered important by both countries.
The issue of when a global reserve currency begins or ends is...
Norway’s Sovereign Wealth Fund  Hits $1 Trillion
The Norwegian sovereign wealth fund, the largest in the world...
Janet Yellen
As the Fed starts unwinding the stimulus it provided to snap...
Multinational digital firms, mostly based in the US, have pushed for globally harmonized rules that would provide predictability and limit the space for national governments to intervene in digital flows.
The increasing digitization of the global economy is changing...
Kazakh Economy Grows by 4.3%
The economic growth in Kazakhstan was at 4.3% since the...
Ukraine Raises $3b in First Bond issue
Ukraine has raised $3 billion in its first sovereign bond...
Hungary CB Rate on Hold
The Monetary Council of the National Bank of Hungary, or MNB,...
The IMF could write off its debt and lighten Greece’s burden.
“Beware of Greeks bearing gifts,” wrote the ancient Roman poet...

Trending

Googleplus