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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

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Sharp drop in global gold prices

    Rocky
    Rocky
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    Posts : 267081
    Join date : 2012-12-21

    Sharp drop in global gold prices Empty Sharp drop in global gold prices

    Post by Rocky Sat 05 Aug 2017, 3:35 am

    Sharp drop in global gold prices


    10:53 - 05/08/2017


    Gold fell 1 percent after better-than-expected jobs in the US boosted the dollar and opened the door for the Federal Reserve to raise interest rates for the third time this year.

    US firms increased jobs more than expected in July and also raised average hourly wages by the highest pace in five months, a sign that the labor market was improving and the Federal Reserve was assured that inflation would gradually rise to the 2 percent target.

    The US dollar rose after the data was released after falling near a 15-month low, making gold more expensive for non-US investors.

    Spot gold fell 0.8 percent to $ 1257.66 an ounce after falling 1.1 percent. The yellow metal is heading towards the end of the week, down 0.9 percent after rising for three straight weeks.

    Gold for the December delivery of US contracts fell 0.8 percent to $ 1264.60 an ounce.

    Among other precious metals, silver fell 2 percent to $ 16.28 an ounce after falling to a two-week low of $ 16.17 an ounce.

    Platinum rose 0.1 percent to $ 961 an ounce after hitting its highest level since late April at $ 970.10 an ounce. The metal is heading for its best weekly performance since early January. Ending / 25

    http://www.almaalomah.com/2017/08/05/181605/

      Current date/time is Thu 28 Mar 2024, 10:58 am