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Gold rises on the impact of "red exchanges"


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Gold rises on the impact of "red exchanges"

Post by rocky on Tue 06 Feb 2018, 1:18 am

[ltr]Gold rises on the impact of "red exchanges"[/ltr]
 Since 2018-02-06 at 09:00 (Baghdad time)
[ltr]Follow up of Mawazine News[/ltr]
[ltr]NEW YORK (Reuters) - Gold prices rose on Tuesday as global markets pushed investors to seek safe haven despite expectations of a rise in US interest rates this year.[/ltr]
[ltr]Spot gold rose 0.4 percent to $ 1.345.12 an ounce at 04:23 GMT, after gains on Monday, 0.5 percent.[/ltr]
[ltr]US gold futures for April delivery rose 0.9 percent to $ 1.348.00 an ounce on Tuesday.[/ltr]
[ltr]Prices fell 1.2 percent on Friday, the sharpest drop since Dec. 7, after US jobs data boosted expectations that higher inflation would spur higher interest rates this year, boosting the dollar's rally.[/ltr]
[ltr]Asian stocks fell sharply after Wall Street saw its biggest drop since 2011 on Monday, while gold is a safe haven investment because of its ability to maintain its value amid global stock market volatility.[/ltr]

    Current date/time is Thu 24 May 2018, 2:50 pm