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Gold stabilizes amid US interest rate hike
Economie
Since 2018-06-05 at 11:28 (Baghdad time)
Follow up of Mawazine News
Gold prices remained flat on Tuesday after closing low in the previous three sessions as investors headed for riskier assets amid growing US interest rates on strong economic data.
By 0644 GMT the spot price of gold was stable at $ 1291.51 an ounce.
US gold futures fell 0.1 percent to $ 1295.60 an ounce.
"There is no interest in gold," said Ronald Long, chief trader at Lee Cheong Gold Trading in Hong Kong. The biggest interest in stocks and people is making money there, so nobody wants to trade gold now. "
The three major US stock indexes rose Monday to close the Nasdaq at a record high as investors bet on continued strong economic growth.
The dollar index, which measures the strength of the greenback against a basket of six major currencies, rose 0.1 percent to 94.067. The dollar rose to 110 yen, its highest level since May 24.
"The strength of the US dollar in the recent period amid strong economic data has kept investor demand (on gold) weak," ANZ said in a note.
Silver rose 0.1 percent on spot trade to $ 16.38 an ounce.
Platinum fell 0.5 percent to $ 896 an ounce after hitting earlier at $ 891.25, its lowest price since May 21.
Palladium fell 0.7 percent to $ 986.47 an ounce. The metal rose to a six-week high of $ 1010.50 during the previous session
http://www.mawazin.net/%D8%A7%D8%B3%D8%AA%D9%82%D8%B1%D8%A7%D8%B1-%D8%A7%D9%84%D8%B0%D9%87%D8%A8-%D9%88%D8%B3%D8%B7-%D8%AA%D9%88%D9%82%D8%B9-%D8%B1%D9%81%D8%B9-%D8%A7%D9%84%D9%81%D8%A7%D8%A6%D8%AF%D8%A9-%D8%A7%D9%84%D8%A3%D9%85%D8%B1%D9%8A%D9%83%D9%8A%D8%A9/%D8%A3%D9%85%D9%86%D9%8A%D8%A9
Economie
Since 2018-06-05 at 11:28 (Baghdad time)
Follow up of Mawazine News
Gold prices remained flat on Tuesday after closing low in the previous three sessions as investors headed for riskier assets amid growing US interest rates on strong economic data.
By 0644 GMT the spot price of gold was stable at $ 1291.51 an ounce.
US gold futures fell 0.1 percent to $ 1295.60 an ounce.
"There is no interest in gold," said Ronald Long, chief trader at Lee Cheong Gold Trading in Hong Kong. The biggest interest in stocks and people is making money there, so nobody wants to trade gold now. "
The three major US stock indexes rose Monday to close the Nasdaq at a record high as investors bet on continued strong economic growth.
The dollar index, which measures the strength of the greenback against a basket of six major currencies, rose 0.1 percent to 94.067. The dollar rose to 110 yen, its highest level since May 24.
"The strength of the US dollar in the recent period amid strong economic data has kept investor demand (on gold) weak," ANZ said in a note.
Silver rose 0.1 percent on spot trade to $ 16.38 an ounce.
Platinum fell 0.5 percent to $ 896 an ounce after hitting earlier at $ 891.25, its lowest price since May 21.
Palladium fell 0.7 percent to $ 986.47 an ounce. The metal rose to a six-week high of $ 1010.50 during the previous session
http://www.mawazin.net/%D8%A7%D8%B3%D8%AA%D9%82%D8%B1%D8%A7%D8%B1-%D8%A7%D9%84%D8%B0%D9%87%D8%A8-%D9%88%D8%B3%D8%B7-%D8%AA%D9%88%D9%82%D8%B9-%D8%B1%D9%81%D8%B9-%D8%A7%D9%84%D9%81%D8%A7%D8%A6%D8%AF%D8%A9-%D8%A7%D9%84%D8%A3%D9%85%D8%B1%D9%8A%D9%83%D9%8A%D8%A9/%D8%A3%D9%85%D9%86%D9%8A%D8%A9
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