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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 Falls as Expected US Jobs Report

    Rocky
    Rocky
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    Posts : 265680
    Join date : 2012-12-21

    Gold Falls as Expected US Jobs Report Empty Gold Falls as Expected US Jobs Report

    Post by Rocky Sat 05 Aug 2017, 2:40 am

    Gold Falls as Expected US Jobs Report

     

    05/8/2017 12:00 am

    Capitals / follow - up to the morning
    Gold prices fell during trading on Friday after the rise recorded yesterday, it comes in light of the market is ready to accept the report of the US jobs data which prompted commodity prices and currencies to fluctuate during trading Friday.
    Gold prices are currently trading at $ 1268.2 an ounce, after hitting a low of $ 1267.3 an ounce. It opened Friday at $ 1269.3 per ounce, reaching a high of $ 1270.0 an ounce.
    The decline in gold prices today comes in the shadow of volatility in the Asian stock markets after fears of the current investigation situation in the intervention of Russia in the recent US presidential election, which increased the confusion of markets.
    On the other hand, the dollar is trying to rise from Thursday's low after the weak services sector data on the US economy, which increased the negative pressure on gold, especially after yesterday's rise.
    Investors favored selling gold at the start of trading on Friday as their positions changed before the US jobs report, which had an impact on dollar levels against currencies.
    World gold demand fell 14 percent in the first half of 2017, mainly due to a sharp decline in index fund purchases, the World Gold Council said in a report published on Thursday.
    In the latest report on gold demand trends, the central bank said central bank purchases were also slightly lower in the first half, but purchases of bullion, currency and jewelry grew thanks to strong demand in India and Turkey. Investors favored selling gold at the start of trading on Friday as their positions changed before the US jobs report, which had an impact on dollar levels against currencies. World gold demand fell 14 percent in the first half of 2017, mainly due to a sharp decline in index fund purchases, the World Gold Council said in a report published on Thursday. In the latest report on gold demand trends, the central bank said central bank purchases were also slightly lower in the first half, but purchases of bullion, currency and jewelry grew thanks to strong demand in India and Turkey. Investors favored selling gold at the start of trading on Friday as their positions changed before the US jobs report, which had an impact on dollar levels against currencies. World gold demand fell 14 percent in the first half of 2017, mainly due to a sharp decline in index fund purchases, the World Gold Council said in a report published on Thursday. In the latest report on gold demand trends, the central bank said central bank purchases were also slightly lower in the first half, but purchases of bullion, currency and jewelry grew thanks to strong demand in India and Turkey. World gold demand fell 14 percent in the first half of 2017, mainly due to a sharp drop in index fund purchases, the World Gold Council said in a report published on Thursday. In the latest report on gold demand trends, the central bank said central bank purchases were also slightly lower in the first half, but purchases of bullion, currency and jewelry grew thanks to strong demand in India and Turkey. World gold demand fell 14 percent in the first half of 2017, mainly due to a sharp drop in index fund purchases, the World Gold Council said in a report published on Thursday. In the latest report on gold demand trends, the central bank said central bank purchases were also slightly lower in the first half, but purchases of bullion, currency and jewelry grew thanks to strong demand in India and Turkey.


    http://www.alsabaah.iq/ArticleShow.aspx?ID=141964

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