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Gold is heading for a third week of decline
BAGHDAD - The Journal News
Gold prices fell again to close to 3 weeks of decline, at a time when the dollar strengthened its gains with market anticipation of possible signals to raise US interest.
The yellow metal lost 80 cents to $ 1.256 an ounce, while US gold futures prices have slightly changed to reach 1.257.30 per ounce.
Asian stocks rose on Wednesday, boosted as strong gains and industry data from the investors' appetite for risk.
It is scheduled to issue a decision later Wednesday from the US Federal Reserve Board after two days of meetings, with expectations that remain on the interest rates, but the market is looking forward to the expectations of the Council on the future increase.
It is expected to reduce the high interest of the demand for gold prices, and will make the precious metal linked to the dollar more expensive to buyers in other currencies.
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BAGHDAD - The Journal News
Gold prices fell again to close to 3 weeks of decline, at a time when the dollar strengthened its gains with market anticipation of possible signals to raise US interest.
The yellow metal lost 80 cents to $ 1.256 an ounce, while US gold futures prices have slightly changed to reach 1.257.30 per ounce.
Asian stocks rose on Wednesday, boosted as strong gains and industry data from the investors' appetite for risk.
It is scheduled to issue a decision later Wednesday from the US Federal Reserve Board after two days of meetings, with expectations that remain on the interest rates, but the market is looking forward to the expectations of the Council on the future increase.
It is expected to reduce the high interest of the demand for gold prices, and will make the precious metal linked to the dollar more expensive to buyers in other currencies.
share it
[You must be registered and logged in to see this link.]
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