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Gold climbs to highest level in 7 weeks with the support of the minutes of the Fed
10.10.2015
Gold jumped to its highest level in seven weeks during trading on Friday showed that after the latest meeting of the Federal Reserve minutes that the US central bank in no hurry to raise interest rates.
The price of gold rose in selling the present 1.6 percent to end the trading transactions in the US market at $ 1156.30 an ounce (an ounce) after Qgazz in earlier in the session to $ 1159.80, its highest level since 24 August. The yellow metal ends week on a gain of 1.5 percent.
And it rose in the US gold futures for December delivery 1 percent to reach a settlement at 1155.90 dollars an ounce.
Price and received support from the Fed meeting, which was published on Thursday, the minutes noted that the Fed be very cautious about raising interest rates even before then data showing a sharp slowdown in hiring.
But the market remains somewhat after the minutes of the meeting pointed out that most of the monetary policy-makers Council reserves still believe that the first interest rate increase in ten years to come should be cautious this year.
And it pushed the weak US economic data and concerns about the global economy many analysts to postpone expectations to raise US interest rates, which helped gold to climb about 4 percent since the beginning of this month.
The precious metal also benefited from the decline in the US dollar to its lowest level in several weeks against the euro and the French franc and the rise of strong global equity markets.
Among other precious metals platinum jumped 4.2 percent during trading, to $ 983 an ounce, its highest level since September 18 before falling back to $ 978 at the end of the session. Over the week, platinum record gains of about 7 percent is the largest weekly increase in four years after the announcement of Glencore it would close its mine in South Africa.
Palladium rose earlier in the session 3.4 percent to $ 722 an ounce, its highest level in four months, before easing to $ 707.75. It ended 29 quarters e
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10.10.2015
Gold jumped to its highest level in seven weeks during trading on Friday showed that after the latest meeting of the Federal Reserve minutes that the US central bank in no hurry to raise interest rates.
The price of gold rose in selling the present 1.6 percent to end the trading transactions in the US market at $ 1156.30 an ounce (an ounce) after Qgazz in earlier in the session to $ 1159.80, its highest level since 24 August. The yellow metal ends week on a gain of 1.5 percent.
And it rose in the US gold futures for December delivery 1 percent to reach a settlement at 1155.90 dollars an ounce.
Price and received support from the Fed meeting, which was published on Thursday, the minutes noted that the Fed be very cautious about raising interest rates even before then data showing a sharp slowdown in hiring.
But the market remains somewhat after the minutes of the meeting pointed out that most of the monetary policy-makers Council reserves still believe that the first interest rate increase in ten years to come should be cautious this year.
And it pushed the weak US economic data and concerns about the global economy many analysts to postpone expectations to raise US interest rates, which helped gold to climb about 4 percent since the beginning of this month.
The precious metal also benefited from the decline in the US dollar to its lowest level in several weeks against the euro and the French franc and the rise of strong global equity markets.
Among other precious metals platinum jumped 4.2 percent during trading, to $ 983 an ounce, its highest level since September 18 before falling back to $ 978 at the end of the session. Over the week, platinum record gains of about 7 percent is the largest weekly increase in four years after the announcement of Glencore it would close its mine in South Africa.
Palladium rose earlier in the session 3.4 percent to $ 722 an ounce, its highest level in four months, before easing to $ 707.75. It ended 29 quarters e
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