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Gold climbs in Asian trading with falling stocks and the dollar's decline
9/1/15
Gold rose in Asian trading with falling stock markets due to growing expectations that the US central bank is likely to proceed with the increase in interest rates this month.
Said Stanley Fischer, vice president of the Federal Reserve that inflation in the United States is likely to recover with the decline of pressure from the dollar, allowing the central bank to increase interest rates gradually.
Comments Fisher and pushed US stocks to close the loss last night and continued Futures US stocks decline on Tuesday, with Asian stocks fall as well, particularly the Chinese stock. The dollar fell against major currencies as investors buy preferred currency in order to avoid risks such as the euro and the yen.
The price of gold in the spot transactions 0.6 percent to $ 1142.00 an ounce ounce by 0500 GMT, after it ended the month of August on gains of 3.5 percent with cause concern of a slowdown of the Chinese economy in purchases of investment assets safe despite the fact that the precious metal fell from the highest level in seven weeks.
And stepped up US gold futures for December delivery 0.82 percent to $ 1141.8 an ounce.
Among other precious metals price of palladium fell in online transactions 0.7 percent to $ 595.20 an ounce, while platinum rose 0.1 percent to $ 1012.90 an ounce. Silver rose 0.2 percent to $ 14.63 an ounce.
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9/1/15
Gold rose in Asian trading with falling stock markets due to growing expectations that the US central bank is likely to proceed with the increase in interest rates this month.
Said Stanley Fischer, vice president of the Federal Reserve that inflation in the United States is likely to recover with the decline of pressure from the dollar, allowing the central bank to increase interest rates gradually.
Comments Fisher and pushed US stocks to close the loss last night and continued Futures US stocks decline on Tuesday, with Asian stocks fall as well, particularly the Chinese stock. The dollar fell against major currencies as investors buy preferred currency in order to avoid risks such as the euro and the yen.
The price of gold in the spot transactions 0.6 percent to $ 1142.00 an ounce ounce by 0500 GMT, after it ended the month of August on gains of 3.5 percent with cause concern of a slowdown of the Chinese economy in purchases of investment assets safe despite the fact that the precious metal fell from the highest level in seven weeks.
And stepped up US gold futures for December delivery 0.82 percent to $ 1141.8 an ounce.
Among other precious metals price of palladium fell in online transactions 0.7 percent to $ 595.20 an ounce, while platinum rose 0.1 percent to $ 1012.90 an ounce. Silver rose 0.2 percent to $ 14.63 an ounce.
[You must be registered and logged in to see this link.]
