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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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Gold is heading for the largest weekly gain since last March

rocky
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Gold is heading for the largest weekly gain since last March Empty Gold is heading for the largest weekly gain since last March

Post by rocky Fri 07 Oct 2022, 5:00 am

[size=35][size=35]Gold is heading for the largest weekly gain since last March[/size]
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Economie

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2022-10-07 | 02:29
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Gold prices rose slightly today, Friday, heading towards the largest weekly increase since last March, and ahead of the US jobs report, which may support investors' expectations about the path of the Federal Reserve to raise interest rates.


The dollar index and the yield on US 10-year Treasury bonds stabilized after rising in the evening.

Investors are now focused on the NFP report[url=https://www.alsumaria.tv/Entity/45068/%D8%A7%D9%84%D9%88%D9%84%D8%A7%D9%8A%D8%A7%D8%AA %D8%A7%D9%84%D9%85%D8%AA%D8%AD%D8%AF%D8%A9/ar/]United State[/url]To be released later on Friday, economists expect 250,000 jobs added last month, compared with 315,000 in August.






By 0551 GMT, gold rose in spot transactions by 0.1 percent at $ 1712.6 an ounce.

Prices rose about 3 percent this week, supported by the decline in the dollar and the yield on Treasury bonds, after reaching the highest level in years.

US gold futures settled at $1,720.40 an ounce.

As for other precious metals, silver fell in spot transactions 0.4 percent to $ 20.56 an ounce. Platinum fell 0.4 percent to $918.38 an ounce. And palladium lost 0.6 percent to $2247.62 an ounce.

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