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Rise in the price of gold with the dollar's decline
BAGHDAD (Reuters) -
Gold climbed to the highest level in two weeks with US bond yields fell and the dollar's decline to the lowest level in six months due to political concerns in the United States reduced expectations for increases active interest rates this year.
The price of gold for immediate sale 2.0 percent to 1261.15 Dularellooukah (an ounce) in late trading in the US market, the highest level since the first of May and its biggest gain for a single day since June 2016.
Gold climbed in US futures contracts 1.8 percent to record at 1258.70 dollars an ounce settlement. It continued to rise in subsequent transactions on the settlement.
The dollar index, which tracks the greenback's performance against a basket of major currencies to its lowest level since the ninth of November at 98.112.
The dollar negatively affected by strong economic data in the euro zone and the decline in US bond yields with rising tensions in Washington and the release of weak housing data.
Among other precious metals rose silver spot price for the sale of 0.39 percent to $ 16.88 an ounce.
Platinum rose 0.95 percent to $ 946.40 an ounce, while palladium fell 1.49 percent to $ 781.70 an ounce.
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BAGHDAD (Reuters) -
Gold climbed to the highest level in two weeks with US bond yields fell and the dollar's decline to the lowest level in six months due to political concerns in the United States reduced expectations for increases active interest rates this year.
The price of gold for immediate sale 2.0 percent to 1261.15 Dularellooukah (an ounce) in late trading in the US market, the highest level since the first of May and its biggest gain for a single day since June 2016.
Gold climbed in US futures contracts 1.8 percent to record at 1258.70 dollars an ounce settlement. It continued to rise in subsequent transactions on the settlement.
The dollar index, which tracks the greenback's performance against a basket of major currencies to its lowest level since the ninth of November at 98.112.
The dollar negatively affected by strong economic data in the euro zone and the decline in US bond yields with rising tensions in Washington and the release of weak housing data.
Among other precious metals rose silver spot price for the sale of 0.39 percent to $ 16.88 an ounce.
Platinum rose 0.95 percent to $ 946.40 an ounce, while palladium fell 1.49 percent to $ 781.70 an ounce.
share it
[You must be registered and logged in to see this link.]
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