Wed, Oct 28, 2020
A A A
Welcome vaishu
RSS

Commodities Briefing - Categorized | Bullion/Gold, Price Watch more

Gold Prices Give Up Gains as Dollar Strengthens

Posted on 17 November 2016

Metal had been as $1,230 a troy ounce earlier in session; silver also loses ground. Investors have hammered the metal in recent weeks, as better economic data made a December rate increase by the Federal Reserve more likely and political uncertainty faded after U.S. presidential elections.
Gold struggles to compete with yield-bearing investments when rates rise. Some investors also use the metal as a haven during tumultuous times, believing it holds its value better than other assets when markets get rocky………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 48800 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
banner
October 2020
S M T W T F S
« Nov    
 123
45678910
11121314151617
18192021222324
25262728293031