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[size=35][size=35]The stability of the yellow metal prices in the global markets[/size]
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2022-12-05 | 04:37
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Alsumaria News - Economy
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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Economie
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2022-12-05 | 04:37
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371 views
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.
[You must be registered and logged in to see this link.]
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