Gold at 7-Week High
World Economy

Gold at 7-Week High

Gold prices held early on Wednesday near a seven-week high struck in the previous session, as downbeat US data weakened the prospect of the Federal Reserve pursuing an aggressive rate hike stance, Reuters reported. Spot gold was little changed at $1,268 per ounce. It hit $1,273.97 in the previous session, the highest since June 14. US gold futures for December delivery fell 0.4% to $1,274.10 per ounce. A gauge of US factory activity slid from a near three-year high in July amid a slowdown in new orders and consumer spending barely rose in the prior month.

Short URL : https://goo.gl/r4nHW8
  1. https://goo.gl/EKWKtD
  • https://goo.gl/ujmpqa
  • https://goo.gl/G6vv2a
  • https://goo.gl/bc5TVH
  • https://goo.gl/Qeqziq

You can also read ...

French Foreign Minister Jean-Yves Le Drian addresses CEDRE Conference in Paris on April 6, with Lebanese Prime Minister Saad Hariri on his right.
With the FIFA World Cup over and French victory secured,...
Dubai’s new business licenses in the second quarter of 2018 were down 26% from the same period in 2016.
In Dubai’s posh Jumeirah Beach residence district, luxury...
Handout picture shows IMF Managing Director Christine Lagarde on a screen as she speaks  during the G20 meeting taking place in Buenos Aires, on July 21.
The International Monetary Fund warned world economic leaders...
Germany Lifts Turkey Sanctions
Germany has lifted economic sanctions on Turkey and relaxed...
Farnborough Airshow Announces $192b in Orders
England’s Farnborough airshow this week saw deals worth $192...
Australia  Faces Massive Economic Crash
Australia is facing an economic shock akin the global...
IFC to Inject $2 Billion in Egypt’s Private Sector
International Finance Corporation, a member of the World Bank...
According to a survey, 75.3% are facing difficulties in running their businesses this year.
South Korea’s major business lobby said Sunday it will file an...

Add new comment

Read our comment policy before posting your viewpoints