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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


    Gold price stability in global markets

    Rocky
    Rocky
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    Posts : 282041
    Join date : 2012-12-21

    Gold price stability in global markets Empty Gold price stability in global markets

    Post by Rocky Wed 14 Apr 2021, 7:55 am

    Gold price stability in global markets

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    Gold prices stabilized after a rally in early trading Wednesday, as some increase in US Treasury yields offset the fall of the US dollar due to high inflation.
    By 03:53 GMT, gold settled in spot transactions at $ 1743.54 an ounce, after rising by as much as 0.3%. And US gold futures fell 0.1% to $ 1745 an ounce.
    Consumer prices in the United States jumped at the fastest pace in more than eight and a half years in March, sparking what most economists expect to be a fleeting wave of high inflation, which supports gold as a reducing tool to hedge against inflation.
    The US dollar fell to a three-week low, which makes gold less expensive for holders of other currencies, while an increase in US Treasury bond yields raised the opportunity cost of acquiring the metal that does not yield a return.
    As for other precious metals, silver rose 0.2% to $ 25.37, palladium rose 0.1% to $ 2691.62 an ounce, and platinum rose 0.8% to $ 1,165.43 an ounce.
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