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


    Gold is falling and approaching its lowest level in a year

    Rocky
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    • Post n°1

    Gold is falling and approaching its lowest level in a year Empty Gold is falling and approaching its lowest level in a year

    Post by Rocky Thu 21 Jul 2022, 5:01 am

    Gold is falling and approaching its lowest level in a year

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    Economy News _ Baghdad
     Gold prices fell today, Thursday, to their lowest levels in nearly a year, as the prospect of an interest rate increase by major central banks to curb spiraling inflation affected the attractiveness of the precious metal.
    Although gold is considered a hedge against inflation, higher interest rates increase the opportunity cost of holding the yellow metal, which does not yield a return.
    Spot gold fell 0.3 percent to $1,691.84 an ounce by 03:13 GMT, after falling to its lowest level since early August 2021, recording $1,689.40 earlier in the session.
    US gold futures fell 0.6 percent to $1,690.40 an ounce.
    The European Central Bank is set to raise interest rates for the first time in 11 years on Thursday, with a larger-than-said move increasingly likely as policymakers fear losing control of unbridled consumer price growth.
    The dollar's decline limited gold's losses, as it fell 0.3 percent against rival currencies, and the dollar's weakness makes gold cheaper for holders of other currencies.
    Among other precious metals, silver fell in spot transactions 0.6 percent to $ 18.54 an ounce, and platinum fell 0.5 percent to $ 854.03, while palladium increased 0.3 percent to $ 1867.20.

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