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Gold recovers with the dollar's decline
Gold prices rose Wednesday from its lowest level in eight weeks due to the US currency fell after the decision of US President Donald Trump to dismiss the Director of the FBI, James Comey.
However, expectations for higher US interest rates in June kept metal prices under pressure.
Gold prices rose 0.1 percent to $ 1221.82 an ounce at 0105 GMT, after reaching to $ 1213.81 an ounce Tuesday, its lowest level since March 15.
US futures also saw a rise by 0.5 percent to US $ 1221.80 per ounce.
The US currency fell Aloraaba after the dismissal of Trump director of the FBI from his Japanese currency to witness a rise against the dollar in Asian trading.
And it reinforced tensions on the Korean Peninsula gold prices with fears that North Korea is preparing to launch a missile test a new ballistic.
http://economy-news.net/content.php?id=7473
Gold prices rose Wednesday from its lowest level in eight weeks due to the US currency fell after the decision of US President Donald Trump to dismiss the Director of the FBI, James Comey.
However, expectations for higher US interest rates in June kept metal prices under pressure.
Gold prices rose 0.1 percent to $ 1221.82 an ounce at 0105 GMT, after reaching to $ 1213.81 an ounce Tuesday, its lowest level since March 15.
US futures also saw a rise by 0.5 percent to US $ 1221.80 per ounce.
The US currency fell Aloraaba after the dismissal of Trump director of the FBI from his Japanese currency to witness a rise against the dollar in Asian trading.
And it reinforced tensions on the Korean Peninsula gold prices with fears that North Korea is preparing to launch a missile test a new ballistic.
http://economy-news.net/content.php?id=7473
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