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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


    Globally.. the stability of gold prices with the rise of the dollar

    Rocky
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    • Post n°1

    Globally.. the stability of gold prices with the rise of the dollar Empty Globally.. the stability of gold prices with the rise of the dollar

    Post by Rocky Sat 26 Nov 2022, 4:48 am

    [size=35][size=35]Globally.. the stability of gold prices with the rise of the dollar[/size]
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    Economie

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    2022-11-26 | 05:04
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    Alsumaria News – Economy

    Gold prices stabilized below the highest level in a week, which it recorded earlier in the Friday session, with the rise of the dollar, but expectations of a less sharp increase in interest rates from the US Federal Reserve put the yellow metal on the path to achieving a small weekly gain.


    Gold settled in spot transactions at $1754.9 an ounce, and prices reached a session high of $1761.17 an ounce earlier in the session.

    US gold futures contracts, upon settlement, rose 0.5% to $1,768.8, according to [You must be registered and logged in to see this link.].






    Market Pulse
    The dollar index rose 0.2%, which increased the cost of holding dollar-denominated gold for buyers from abroad.

    On Friday, [You must be registered and logged in to see this link.], the world's largest gold consumer, set a new record high for COVID-19 infections, and cities across the country continued to impose restrictions to control the outbreak.

    "The coronavirus situation in [You must be registered and logged in to see this link.] doesn't seem to be improving, so this is going to be a major issue for the markets, not just gold, but all markets here over the next couple of weeks," said [url=https://www.alsumaria.tv/Entity/3601048205/%D8%AC%D9%8A%D9%85 %D9%88%D9%8A%D9%83%D9%88%D9%81/ar/]Jim Wyckoff[/url], senior analyst at [url=https://www.alsumaria.tv/Entity/3818752896/%D9%83%D9%8A%D8%AA%D9%83%D9%88 %D9%85%D9%8A%D8%AA%D8%A7%D9%84%D8%B2/ar/]Kitco Metals[/url].
    [rtl]Related articles[/rtl]
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    [ltr]00:35 | 2022-11-7[/ltr][/rtl]
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    [ltr]04:18 | 2022-05-17[/ltr][/rtl]
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    [ltr]02:22 | 2022-11-10[/ltr][/rtl]

    The minutes of the November 1-2 meeting showed that a "significant majority" of US central bank policymakers agreed that it "would soon be appropriate" to slow the rate hike.

    Gold is a hedge against inflation, but high interest rates discourage investment in the precious metal, which does not yield a return.

    Silver rose 0.39% to $21.61. Platinum fell 0.7% to $983.56 an ounce. Palladium fell 2.09%, recording $1,847.69.
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