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Gold market settles down to its lowest level in five years
8/8/15
Baghdad/Al baghdadia news ... Gold settled near its lowest level in five and a half years, is to incur losses for a seventh consecutive week, the longest wave decline since 1999, such as us data could determine the timing of raising interest rates in the United States.
Follow-up/baghdadia News/World Gold market, "the jobs data came America strong and strengthened speculation that raises the Federal Reserve (the us Central Bank) interest rates next month, bringing down the price of gold which does not generate interest to new levels".
Gold price rose at 0.3 per cent to $ 1092.10 an ounce by at 06:47 GMT.
Are trading the yellow metal without $ 1100 an ounce since coming off this support level in a wave of depression, which descended to 1,077 dollars in 24 of the same month, marking its lowest since February 2010.
And precious metal record a slight decrease since the beginning of the week, and will resemble the loss of the seventh consecutive week, a wave of losses incurred in weekly, June 1999.
Gold price rose in us futures contracts for December delivery 0.1 percent, to 1091.60 dollars an ounce.
Among other precious metals, silver climbed one percent to 14.72 dollars an ounce.
Platinum, Palladium remained near the lowest levels in several years, there has been little change on Platinum to settle at 951 dollars per ounce, and tends to fall for the fifth week respectively, while Palladium increased 0.6 percent to 598.50 dollars an ounce, but tended to decline for the second week. ended 21/m
Last modified on Saturday, 08 may 2015 01:47
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8/8/15
Baghdad/Al baghdadia news ... Gold settled near its lowest level in five and a half years, is to incur losses for a seventh consecutive week, the longest wave decline since 1999, such as us data could determine the timing of raising interest rates in the United States.
Follow-up/baghdadia News/World Gold market, "the jobs data came America strong and strengthened speculation that raises the Federal Reserve (the us Central Bank) interest rates next month, bringing down the price of gold which does not generate interest to new levels".
Gold price rose at 0.3 per cent to $ 1092.10 an ounce by at 06:47 GMT.
Are trading the yellow metal without $ 1100 an ounce since coming off this support level in a wave of depression, which descended to 1,077 dollars in 24 of the same month, marking its lowest since February 2010.
And precious metal record a slight decrease since the beginning of the week, and will resemble the loss of the seventh consecutive week, a wave of losses incurred in weekly, June 1999.
Gold price rose in us futures contracts for December delivery 0.1 percent, to 1091.60 dollars an ounce.
Among other precious metals, silver climbed one percent to 14.72 dollars an ounce.
Platinum, Palladium remained near the lowest levels in several years, there has been little change on Platinum to settle at 951 dollars per ounce, and tends to fall for the fifth week respectively, while Palladium increased 0.6 percent to 598.50 dollars an ounce, but tended to decline for the second week. ended 21/m
Last modified on Saturday, 08 may 2015 01:47
[You must be registered and logged in to see this link.]
