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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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    Volatility controls gold trading as markets wait for US inflation data

    Rocky
    Rocky
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    Volatility controls gold trading as markets wait for US inflation data Empty Volatility controls gold trading as markets wait for US inflation data

    Post by Rocky Thu May 10, 2018 4:25 am

    Volatility controls gold trading as markets wait for US inflation data





    Volatility controls gold trading as markets wait for US inflation data 7835


    Gold News Gold prices rose during the Asian session on Thursday, slightly as volatility continues to dominate the performance of precious metal during the week trading in light of the current instability in the markets after the geopolitical developments in Iran's case. 
    The withdrawal of the United States from the nuclear deal with Iran has caused significant economic tensions in the markets and pushed the yield on US bonds to the upside which negatively affected gold levels. 
    At the same time, the dollar jumped against major currencies and hit its highest level in four and a half months before it collided with US producer prices, which fell during the last month to bring the dollar back down somewhat.
    Gold managed to recover somewhat in today's session, supported by the dollar's decline as well as markets waiting for US consumer price data for April, which is expected to rise 0.3% from a previous 0.1% decline. 
    Gold prices traded at $ 1313.89 an ounce after hitting a low of $ 1311.08 an ounce and opened today's session at $ 1312.39 an ounce, reaching a high of $ 1315.37 an ounce.



    http://economy-news.net/content.php?id=12269

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