The price of gold fell on Wednesday 0.4% markets continue to focus on the interest rate outlook-www.osta.org.cn

By admin. Filed in Home Products & Services  |  
TOP del.icio.us digg

The price of gold fell on Wednesday 0.4% markets continue to pay attention to interest rate prospects for U.S. stock market center: exclusive national industry sector stocks, premarket after hours, ETF, real-time quotes Sina warrants Stocks – 8 am Beijing time, affected by the strong dollar, gold futures prices fell on Wednesday. Gold prices yesterday hit a 3 week closing high, because the market is low the Fed rate hike expectations of radical. The debate over the prospect of interest rates continues as data from different sources and Fed officials continue to speak. Late Tuesday, San Francisco Fed President John – Williams (John Williams) published a position of hawkish speech. New York Mercantile Exchange, December delivery of gold futures prices fell $4.80, or 0.4%, to close at $1349.20 an ounce. Tuesday, gold closed at $1354 an ounce, the highest closing price since August 18th. Silver futures for December delivery fell 29 cents, or $19.848, to $1.4% an ounce. Silver futures rose 4% yesterday to close at $20.138 an ounce, the highest closing price since August 10th. ICE dollar index rose about 0.2% on Wednesday, so that the price of gold and other commodity futures prices lower. But on Tuesday, the dollar fell sharply, after a data show that the U.S. service sector index fell to the lowest level in more than 6 years. The data makes it possible to speculate that the Fed may give up interest rates in September. Data released on Wednesday showed that the number of jobs in the United States in July amounted to 5 million 870 thousand, a record high. Shortly after the closing of the gold deal on Wednesday, the Fed released a report reflecting the economic situation of the beige book. The report said that by the end of August "the slow pace of economic growth in the United states". The Fed has been focusing on economic data to decide when to raise interest rates. If the Fed is slow, it is favorable for gold, because gold does not provide interest income, so in a low interest rate environment, the greater the attractiveness. Federal Open Market Committee (FOMC) will be held on September 20-21 meeting of the next meeting. Editor: SF065 Zhangjun相关的主题文章:

Comments are closed.