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Gold at its highest level in 3 months after talk about the postponement of the US interest rate hike
10.15.2015
The price of gold the highest level in three months, extending gains for a fourth session as stoked fears of deflation pressures in China expectations that the Federal Reserve (the US central bank) Sarjie raise interest rates, which put pressure on stocks and the dollar.
The data reinforced the slowdown of inflation in China and the growing view that the world's largest economy is losing momentum, which may prompt the Fed to refrain from raising interest rates.
Gold rose 0.5 percent in spot transactions to $ 1173.66 an ounce ounce by 0932 GMT, while gold futures increased in the United States in December to $ 8.30 to $ 1173.70 delivery.
She said Simona Jambarrena analyst at Capital Economics, "can be explained by the greater part of the recovery (rates) by the Fed to postpone interest rates ... .. more investors believe that there will not be raising interest rates this year."
And global stock markets fell for a second day in a row and the dollar fell to its lowest level in nearly a month on Wednesday after new signs of slowdown in the Chinese economy.
Gold climbed is generating interest, which benefit from the significant decline in interest rates of more than five percent since the weak report on US jobs in the second of October, fueling speculation that the Federal Reserve will postpone the first to raise US interest rates for nearly ten years until 2016.
The precious metal reached its highest level in three months at $ 1176.29 an ounce on Wednesday before they collide with the level of resistance at the average movement in 200 days.
Among other metals silver rose 0.6 percent to $ 15.99 an ounce and platinum rose 0.2 percent to $ 989.24 an ounce, while palladium rose 0.8 percent to $ 684.97 for Ooukah.anthy 29/4 e
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10.15.2015
The price of gold the highest level in three months, extending gains for a fourth session as stoked fears of deflation pressures in China expectations that the Federal Reserve (the US central bank) Sarjie raise interest rates, which put pressure on stocks and the dollar.
The data reinforced the slowdown of inflation in China and the growing view that the world's largest economy is losing momentum, which may prompt the Fed to refrain from raising interest rates.
Gold rose 0.5 percent in spot transactions to $ 1173.66 an ounce ounce by 0932 GMT, while gold futures increased in the United States in December to $ 8.30 to $ 1173.70 delivery.
She said Simona Jambarrena analyst at Capital Economics, "can be explained by the greater part of the recovery (rates) by the Fed to postpone interest rates ... .. more investors believe that there will not be raising interest rates this year."
And global stock markets fell for a second day in a row and the dollar fell to its lowest level in nearly a month on Wednesday after new signs of slowdown in the Chinese economy.
Gold climbed is generating interest, which benefit from the significant decline in interest rates of more than five percent since the weak report on US jobs in the second of October, fueling speculation that the Federal Reserve will postpone the first to raise US interest rates for nearly ten years until 2016.
The precious metal reached its highest level in three months at $ 1176.29 an ounce on Wednesday before they collide with the level of resistance at the average movement in 200 days.
Among other metals silver rose 0.6 percent to $ 15.99 an ounce and platinum rose 0.2 percent to $ 989.24 an ounce, while palladium rose 0.8 percent to $ 684.97 for Ooukah.anthy 29/4 e
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