Gold Flat
Gold Flat

Gold Flat

Gold Flat

Gold spun its wheels on Wednesday as a strong dollar kept a lid on gains but some analysts said bullion may get support from European political risks in coming months, Reuters reported. Spot gold was unchanged at $1,211.81 an ounce after dipping in the previous session by 0.15%. US gold futures rose 0.1% to $1,212 per ounce. Gold has shed nearly 10% from a peak hit in the aftermath of the US election two weeks ago, holding above key support around $1,200. The metal has been hit by expectations that the policies of US president-elect Donald Trump will boost economic growth and strong US data that has supported an interest rate rise.

Short URL : https://goo.gl/3dbgiq
  1. https://goo.gl/8Pfrs8
  • https://goo.gl/qEAY20
  • https://goo.gl/xJl1O3
  • https://goo.gl/SvagmS
  • https://goo.gl/0QKzbU

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...
The IMF could write off its debt and lighten Greece’s burden.
“Beware of Greeks bearing gifts,” wrote the ancient Roman poet...
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,...

Add new comment

Read our comment policy before posting your viewpoints

Enter the characters shown in the image.