Latest topics
Gold rises due to Middle East tensions
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
Page 1 of 1
Gold rises due to Middle East tensions
by RamblerNash Wed Jul 24, 2019 11:01 pm
Gold rises due to Middle East tensions
2019/7/24 11:08
The price of gold rose on Wednesday as tensions rose in the Middle East prompting investors to buy a safe haven metal, but gains were limited by the dollar's rise and potential progress in China-US trade negotiations.
Spot gold rose 0.3 percent to $ 1420.70 an ounce by 0555 GMT, after hitting its lowest level since July 17 at $ 1413.80 in the previous session.
The price of gold settled in futures trading in the United States at 1420.80 dollars an ounce.
"We have geopolitical tensions in Iran," said Margaret Yang Yan, market analyst at CMC Markets. "We remain very cautious and suspicious about the (US-China) trade negotiations, which are expected to start on Monday because many things have not been resolved between the two countries."
"On the other hand, the dollar index is rising, which negatively affects the price of gold."
The dollar index, which measures the performance of the greenback against a basket of rival currencies, strengthened its gains to a five-week high, increasing the cost of gold to holders of other currencies.
Among other precious metals, spot silver rose 0.5 percent to $ 16.48 an ounce.
Platinum gained 0.6 percent to $ 859 an ounce, while palladium dropped 0.3 percent to $ 1,523
http://alforatnews.com/modules/news/article.php?storyid=204634
2019/7/24 11:08
The price of gold rose on Wednesday as tensions rose in the Middle East prompting investors to buy a safe haven metal, but gains were limited by the dollar's rise and potential progress in China-US trade negotiations.
Spot gold rose 0.3 percent to $ 1420.70 an ounce by 0555 GMT, after hitting its lowest level since July 17 at $ 1413.80 in the previous session.
The price of gold settled in futures trading in the United States at 1420.80 dollars an ounce.
"We have geopolitical tensions in Iran," said Margaret Yang Yan, market analyst at CMC Markets. "We remain very cautious and suspicious about the (US-China) trade negotiations, which are expected to start on Monday because many things have not been resolved between the two countries."
"On the other hand, the dollar index is rising, which negatively affects the price of gold."
The dollar index, which measures the performance of the greenback against a basket of rival currencies, strengthened its gains to a five-week high, increasing the cost of gold to holders of other currencies.
Among other precious metals, spot silver rose 0.5 percent to $ 16.48 an ounce.
Platinum gained 0.6 percent to $ 859 an ounce, while palladium dropped 0.3 percent to $ 1,523
http://alforatnews.com/modules/news/article.php?storyid=204634
*****************
>>>TNTBS's YouTube Channel<<<
RamblerNash- GURU HUNTER
- Posts : 24270
Join date : 2015-02-19
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
» Phony Tony sez: Full Steam Ahead!
» Dave Schmidt - Zim Notes for Purchase (NOT PHYSICAL NOTES)
» Russia aren't taking any prisoners
» Deadly stampede could affect Iraq’s World Cup hopes 1/19/23
» ZIGPLACE
» CBD Vape Cartridges
» Classic Tony is back
» THE MUSINGS OF A MADMAN
» Minister of Transport: We do not have authority over any airport in Iraq
» Did Okie Die?
» Hello all, I’m new
» The Renfrows: Prophets for Profits, Happy Anniversary!
» What Happens when Cancer is treated with Cannabis? VIDEO
» An Awesome talk between Tucker and Russell Brand
» Trafficking in children
» The second American Revolution has begun, God Bless Texas
» The Global Currency Reset Evolution Event Will Begin With Gold, Zimbabwe ZWR Old Bank Notes
» Tucker talking Canada
» Almost to the end The goodguys are winning