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Gold rises despite the arrival of prices at the lowest level in 5 years
11/20/15
{International: Euphrates News} spot price of gold rose on Friday, but still tends to end the week near its lowest level in more than five years, where the metal is facing difficulties in light of the rise of the dollar ahead of rising US interest rates expected on a large scale next month.
She said Dominique Schneider, an analyst at UBS Wealth Management in Hong Kong, "We are still negative and the target of $ 985 in the short term .. logic is quite clear. The Federal Reserve [Fed] will raise interest rates and the dollar will be strengthened and it will be difficult in light of climate preservation at current prices.
"and hurt the rising dollar demand for commodities priced in the US currency because they become more expensive to drive other currencies.
By the time 0609 GMT, spot gold price 0.4 percent rose to $ 1085.80 an ounce {ounce}.
The prices were the lowest level in more than five years when at $ 1064.95 on Wednesday as it moves to end the week little changed from that change.
rose US Gold 0.7 percent to $ 1086 per ounce.
The increased silver at 0.3 percent online transactions to $ 14.27 an ounce.
rose Platinum 0.9 percent to $ 861.25 and jumped palladium two percent to hit 547.50 dollars for Ooukah.anthy
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11/20/15
{International: Euphrates News} spot price of gold rose on Friday, but still tends to end the week near its lowest level in more than five years, where the metal is facing difficulties in light of the rise of the dollar ahead of rising US interest rates expected on a large scale next month.
She said Dominique Schneider, an analyst at UBS Wealth Management in Hong Kong, "We are still negative and the target of $ 985 in the short term .. logic is quite clear. The Federal Reserve [Fed] will raise interest rates and the dollar will be strengthened and it will be difficult in light of climate preservation at current prices.
"and hurt the rising dollar demand for commodities priced in the US currency because they become more expensive to drive other currencies.
By the time 0609 GMT, spot gold price 0.4 percent rose to $ 1085.80 an ounce {ounce}.
The prices were the lowest level in more than five years when at $ 1064.95 on Wednesday as it moves to end the week little changed from that change.
rose US Gold 0.7 percent to $ 1086 per ounce.
The increased silver at 0.3 percent online transactions to $ 14.27 an ounce.
rose Platinum 0.9 percent to $ 861.25 and jumped palladium two percent to hit 547.50 dollars for Ooukah.anthy
[You must be registered and logged in to see this link.]
