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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


Weak dollar supports gold

rocky
rocky
NNP TEAM
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Posts : 202403
Join date : 2012-12-21

Weak dollar supports gold Empty Weak dollar supports gold

Post by rocky Sat 04 Sep 2021, 7:41 am

[size=45][size=41]Weak dollar supports gold[/size]
 20 hours ago
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Gold prices rose on Friday, supported by a weak dollar, as investors awaited US jobs data to learn about the Federal Reserve's plans to start reducing asset purchases.
And gold in spot transactions increased 0.2 percent to $ 1812.97 an ounce, by 06:41 GMT, and fell 0.2 percent in the week.
US gold futures also rose 0.2 percent to $ 1814.80 an ounce.
The dollar index is hovering near the bottom of a month, which enhances the attractiveness of gold to holders of other currencies. The US currency is heading for a decline for the second week in a row.
Gold is considered a hedge against inflation and currency instability caused by the unprecedented stimulus measures.
For other precious metals, silver rose 0.3 percent to $23.96 an ounce.
Platinum rose 0.3 percent to $ 1001.66, while palladium rose 0.6 percent to $ 2415.49.
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    Current date/time is Tue 28 Sep 2021, 5:41 am