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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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The stability of the yellow metal prices in the global markets

rocky
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The stability of the yellow metal prices in the global markets Empty The stability of the yellow metal prices in the global markets

Post by rocky Mon Dec 05, 2022 6:50 am

[size=35][size=35]The stability of the yellow metal prices in the global markets[/size]
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Economie

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2022-12-05 | 04:37
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Alsumaria News - Economy

Gold prices stabilized, after hitting their highest level in five months, while the dollar fell after more Chinese cities eased anti-Covid-19 restrictions over the weekend.


And the US labor market ignored recession fears, with data released on Friday showing US employers hired more employees than expected in November and raised wages.

And he said[url=https://www.alsumaria.tv/Entity/3435021155/%D9%85%D8%A7%D8%AA %D8%B3%D9%8A%D9%85%D8%A8%D8%B3%D9%88%D9%86/ar/]Matt Simpson[/url]Analyst at City Index, "The market still expects the Federal Reserve to slow down its policy tightening, which supports gold."






Traders see a 91 percent chance of a 50 basis point rate hike at the Fed meeting this month.

Low interest rates tend to support gold because it reduces the cost of hedging the non-yielding precious metal.

More cities declared in[You must be registered and logged in to see this link.], the largest consumer of gold, yesterday, Sunday, eased restrictions to combat the Corona virus, as the country seeks to make its “zero Covid” policy more targeted and less onerous, after unprecedented protests.

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