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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 rising globally after the dollar's decline

    Rocky
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    • Post n°1

    Gold is rising globally after the dollar's decline Empty Gold is rising globally after the dollar's decline

    Post by Rocky Fri 14 Oct 2022, 4:51 am

    [size=35][size=35]Gold is rising globally after the dollar's decline[/size][/size]
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    Economie

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    2022-10-14 | 02:32
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    Gold prices rose on Friday, supported by a decline in the dollar and US Treasury yields, but the increasing expectations of another big hike in US interest rates kept the precious metal on its way to record a weekly decline.


    Thursday's data showed US consumer prices rose more than expected in September, with rents rising the most since 1990 and the cost of food also rising, sending the core consumer price index up 6.6 percent year on year.






    Traders are widely expecting the Federal Reserve to raise interest rates by 75 basis points for the fourth time in a row at the conclusion of its November 1-2 meeting.

    Gold has traditionally been seen as a hedge against inflation and economic turmoil, but rising interest rates to control inflation have reduced the precious metal's attractiveness because it does not yield a stable return.

    And the price of gold in spot transactions increased 0.2 percent to $ 1668.46 an ounce, at 0402 GMT. Prices are down 1.6 percent so far during the week.
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    Gold futures fell in[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]By 0.1 percent to $1666.80.

    The dollar index fell 0.2 percent, making gold less expensive for buyers abroad. Meanwhile, US 10-year Treasury yields have fallen from the 14-year peak touched on Thursday.

    Spot silver rose 0.6 percent to $18.98 an ounce and is heading for its biggest weekly decline since August.

    Platinum rose 0.5% to $900.49 and palladium 0.9 percent to $2,125.50. And each of them is heading towards recording its first weekly decline in three weeks.


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