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.

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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 falls as the dollar rises

    Rocky
    Rocky
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    Posts : 270779
    Join date : 2012-12-21

      Gold falls as the dollar rises Empty Gold falls as the dollar rises

    Post by Rocky Mon 11 Apr 2022, 5:19 am

      Gold falls as the dollar rises

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    Economy News _ Baghdad
     Gold prices fell on Monday, as rising Treasury yields boosted the dollar and countered fresh concerns about the war in Ukraine.
    Spot gold was down 0.2% at $1,941.95 an ounce, as of 04:52 GMT, after hitting its highest level in more than a week at $149.32.
    US gold futures were flat at $1,45.70.
    The US dollar index rose, supported by the prospects of an interest rate hike by the US Federal Reserve to contain spiraling inflation, a strong dollar making gold less attractive to other currency holders.
    The Federal Reserve is preparing to cut its asset holdings and move interest rates sharply higher.
    Higher interest rates and yields in the US increase the opportunity cost of holding bullion, which is also used as a hedge against rising inflation.
    As for other metals, palladium increased 2.6 percent to $2487.83, spot silver fell 0.2 percent to $24.69 an ounce, and platinum rose 0.5 percent to $979.97.
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