Established in 2006 as a Community of Reality

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Neno's Place Established in 2006 as a Community of Reality


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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


    A sudden rise in dollar prices is causing a drop in gold

    Rocky
    Rocky
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    • Post n°1

    A sudden rise in dollar prices is causing a drop in gold Empty A sudden rise in dollar prices is causing a drop in gold

    Post by Rocky Fri 27 Apr 2018, 1:55 am

    [rtl]A sudden rise in dollar prices is causing a drop in gold[/rtl]


    [rtl][size=14] April 27, 2018 - 4:34 Number of readings: 8   [/rtl]
    [/size]
    A sudden rise in dollar prices is causing a drop in gold 28090
     
    [rtl]SOMER NEWS: Gold prices have tumbled near a five-week low as the dollar's appreciation and an increase in US bond yields dampened demand for precious metals.[/rtl]
     
    [rtl]Spot gold fell 0.4 percent to $ 1317.66 an ounce late in the US session, while US gold futures fell $ 4.90 or 0.4 percent to settle at $ 1317.90 an ounce.[/rtl]
     
    [rtl]Fears of growing US government debt and inflationary pressures from rising oil prices this week drove US 10-year Treasury yields above three percent for the first time in four years.[/rtl]
     
    [rtl]This reduces the demand for gold, which is not yielding, and contributes to pushing the dollar to its highest level since January, which increases the cost of the precious metal to holders of currencies other than the dollar.[/rtl]
     
    [rtl]Among other precious metals, spot silver rose 0.07 percent to $ 16.53 an ounce after falling to a two-week low of $ 16.41.[/rtl]
     
    [rtl]Platinum rose 0.2 percent to $ 907.40 an ounce after earlier hitting a four-month low of $ 901.[/rtl]
    [rtl]Palladium rose 0.75 percent to $ 984.80 an ounce.[/rtl]

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