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[size=35][size=35]Gold falls after promising data from China[/size]
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2021-04-09 | 05:34
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In spot transactions, gold fell 0.4 percent to 1748.81 dollars an ounce, by 06:55 GMT, after reaching its highest level since the first of last March at 1758.45 dollars an ounce on Thursday.
While US gold futures fell 0.5 percent to 1748.70 dollars an ounce.
"Gold is facing some adverse factors due to optimism about the recovery story as a result of strong data coming from the company," said Ravindra Rao, Vice President of Commodities at Kotak Securities. [url=https://www.alsumaria.tv/Entity/45068/%D8%A7%D9%84%D9%88%D9%84%D8%A7%D9%8A%D8%A7%D8%AA %D8%A7%D9%84%D9%85%D8%AA%D8%AD%D8%AF%D8%A9/ar/]United State[/url]China. "
But the metal won about 1.2 percent this week, after the losses incurred over two weeks.
And caused strong economic data recently, driven by huge stimulus measures, in the chill safe haven demand for gold.
[rtl]Related articles[/rtl]
As for the other precious metals, silver fell 0.8% to $ 25.23 and platinum fell 1.2% to $ 1214.67.
Palladium rose 0.2 percent to $ 2,630.11, but is on track for its biggest weekly decline since the week ending February 26.
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Economie
[You must be registered and logged in to see this link.]2021-04-09 | 05:34
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[/size]
1,827 Views
Gold prices fell today, as strong economic data from China strengthened hopes for a quick recovery, but the metal is about to rise by more than 1% per week with the decline of the dollar and US Treasury yields.
In spot transactions, gold fell 0.4 percent to 1748.81 dollars an ounce, by 06:55 GMT, after reaching its highest level since the first of last March at 1758.45 dollars an ounce on Thursday.
While US gold futures fell 0.5 percent to 1748.70 dollars an ounce.
"Gold is facing some adverse factors due to optimism about the recovery story as a result of strong data coming from the company," said Ravindra Rao, Vice President of Commodities at Kotak Securities. [url=https://www.alsumaria.tv/Entity/45068/%D8%A7%D9%84%D9%88%D9%84%D8%A7%D9%8A%D8%A7%D8%AA %D8%A7%D9%84%D9%85%D8%AA%D8%AD%D8%AF%D8%A9/ar/]United State[/url]China. "
But the metal won about 1.2 percent this week, after the losses incurred over two weeks.
And caused strong economic data recently, driven by huge stimulus measures, in the chill safe haven demand for gold.
[rtl]Related articles[/rtl]
As for the other precious metals, silver fell 0.8% to $ 25.23 and platinum fell 1.2% to $ 1214.67.
Palladium rose 0.2 percent to $ 2,630.11, but is on track for its biggest weekly decline since the week ending February 26.
[You must be registered and logged in to see this link.]
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