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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, gold prices are declining, affected by the rise in the dollar

    Rocky
    Rocky
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    Globally, gold prices are declining, affected by the rise in the dollar Empty Globally, gold prices are declining, affected by the rise in the dollar

    Post by Rocky Wed 28 Dec 2022, 4:33 am

    [size=35][size=35]Globally, gold prices are declining, affected by the rise in the dollar[/size]
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    Economie

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    2022-12-28 | 00:19
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    Alsumaria News - Economy

    Gold fell today, Wednesday, affected by pressure from the rise of the US dollar, but prices moved in a narrow range due to the absence of any new influences.


    By 0248 GMT, spot gold fell 0.2 percent to $1811.20 an ounce, and US gold futures fell 0.2 percent to $1818.90 an ounce.

    Harish Vi, Head of Commodities Research at [url=https://www.alsumaria.tv/Entity/766643584/%D8%AC%D9%8A%D9%88%D8%AC%D9%8A%D8%AA %D9%84%D9%84%D8%AE%D8%AF%D9%85%D8%A7%D8%AA %D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9/ar/]Geojit Financial Services[/url], said that gold is witnessing limited price movements with weak trading activity ahead of the New Year holidays, as well as the absence of any important economic data this week.






    The dollar index rose 0.1 percent, which makes gold denominated in the US currency more expensive for buyers than holders of other currencies.

    And gold increased by about two hundred dollars after reaching its lowest level in more than two years at the end of September, after the dollar’s ​​attractiveness was negatively affected by expectations that the Federal Reserve (the US central bank) would slow the pace of raising interest rates.

    Raising interest rates increases the opportunity cost of holding non-interest-bearing gold.
    [rtl]Related articles[/rtl]

    As for other precious metals, silver fell in spot transactions by 0.3 percent to $ 23.98 an ounce, platinum fell 0.4 percent to $ 1015.67 an ounce, and palladium fell 0.4 percent to $ 1821.38 an ounce.

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