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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Gold prices drop

    Rocky
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    • Post n°1

    Gold prices drop Empty Gold prices drop

    Post by Rocky Fri 10 Jun 2022, 4:53 am

    [size=35][size=35]Gold prices drop[/size][/size]
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    Economie

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    2022-06-10 | 02:27
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    Alsumaria News - Economy
    Gold prices fell today, Friday, heading to record a weekly decline with the increase in Treasury yields, while investors are awaiting monthly inflation data in the United States in search of indications of the future of the Federal Reserve's monetary policy.


    According to "[You must be registered and logged in to see this link.]Spot gold fell 0.2 percent to $1,844.78 an ounce by 03:11 GMT, while US gold futures fell 0.3 percent to $1848.10.






    And US 10-year Treasury yields increased, hurting demand for non-yielding gold.

    Market participants are eagerly awaiting US CPI data expected later today to ensure that decades of high inflation peaked in March.

    Gold prices have fallen about 0.3 percent this week.

    Stephen Innes, managing partner at SBI Asset Management, said that a strong reading of the consumer price index could indicate the direction of the Federal Reserve to tighten further, and make the price of the yellow metal test the level of $ 1825 and push it down to $ 1,800.
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    The Federal Reserve is expected to raise the key interest rate by 50 basis points, in June and July, with increased chances of a similar move in September, according to a poll conducted by[You must be registered and logged in to see this link.]For the views of economists, they do not expect to stop raising interest rates until next year.

    As for other precious metals, silver fell 0.1 percent to $21.63 an ounce, and platinum fell 0.6 percent to $966.13 while palladium rose 0.7 percent to $1,938.01. And the three are on their way to record a weekly decline.

    Gold prices also fell yesterday, Thursday, during trading, amid the dollar's rise against most major currencies, approaching again from its highest levels in two decades.

    was[url=https://www.alsumaria.tv/Entity/45036/%D8%A7%D9%84%D8%A8%D9%86%D9%83 %D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A %D8%A7%D9%84%D8%A3%D9%88%D8%B1%D9%88%D8%A8%D9%8A/ar/]European Central Bank[/url]It was announced yesterday, in an expected move, to keep the interest rate near zero, unchanged over the past period.

    The Central Bank revealed its plan to stop the asset purchases program (cash stimulus) by the first of next July, and the bank plans to raise interest rates by 25 basis points next month and the possibility of raising it again at the September meeting, with the aim of facing the escalating inflationary pressures in[url=https://www.alsumaria.tv/Entity/44154/%D9%85%D9%86%D8%B7%D9%82%D8%A9 %D8%A7%D9%84%D9%8A%D9%88%D8%B1%D9%88/ar/]Euro-zone[/url]. This comes before the release of

    consumer price inflation data[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]Which analysts are closely awaiting to find out the upcoming directions of the Federal Reserve.
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