Gold benefits from dollar losses continue to climb
Date: 16/02/2017 11:43
Information / Baghdad ..
Gold prices rose marginally, despite signals about the imminent US interest rate hike and to coincide with the large-scale dollar fell against most major currencies.
Futures prices of gold in April / April delivery rose 0.15% and rose to $ 1234.90 an ounce, while March silver contract delivery fell less than a cent to $ 17.955 an ounce.
It came with a decline in the dollar index, which measures its performance against a basket of currencies Home- by 0.20% to 100.99 points, and usually decline the value of the US currency a boost to commodity prices, including gold.
On the other hand, the Federal Reserve chairman, said in New York, "William Dudley" The central bank intends to raise US interest rates soon if the stimulating fiscal policies as expected. Finished / 25