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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

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    Gold jumps to record high after US central bank stateme

    Rocky
    Rocky
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    Join date : 2012-12-21

    Gold jumps to record high after US central bank stateme Empty Gold jumps to record high after US central bank stateme

    Post by Rocky Thu 27 Jul 2017, 3:56 am

    Gold jumps to record high after US central bank statement

     


    Gold jumped more than 1 percent to its highest level in six weeks on Thursday after the Federal Reserve said it would begin cutting its huge holdings of bonds at a "relatively close" time, prompting the dollar to fall.

    The US central bank kept key interest rates unchanged as expected, and in a statement after a two-day meeting it said it was continuing the slow track of tightening monetary policy, which has raised interest rates by one percentage point since 2015.

    Spot gold rose 1.1 percent to $ 1262.11 an ounce late in the US session, after hitting a record high of $ 1263.42, the highest since June 15.

    Before the US Central Bank announcement, US gold futures fell 0.2 percent to settle at $ 1249.40 an ounce. But rose nearly 1 percent in subsequent trading on the settlement to $ 1,260.6 an ounce.

    http://economy-news.net/content.php?id=8449

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