New to site?


Login

Lost password? (X)

Already have an account?


Signup

(X)
Farooq

Gold Prices Lower as Stronger Dollar Weighs

HomeCommoditiesGold Prices Lower as Stronger Dollar Weighs
08
Jan
Gold Prices Lower as Stronger Dollar Weighs
  • Author
    admin
  • Comments
    (48) Comments
  • Category

Gold prices fell on Monday as the stronger dollar weighed after Friday’s weaker-than-expected U.S. jobs report did little to alter expectations for further Federal Reserve rate hikes this year.

Comex gold futures were trading at $1,317.00 a troy ounce by 03:54 AM ET (08:54 AM GMT).

Prices of the precious metal were pressured lower as the dollar moved higher against a basket of the other major currencies.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, rose 0.25% to 91.98, up from its January 2 trough of 91.47, which was the lowest level since September 20.

The U.S. economy added 148,000 jobs in December, the Labor Department reported Friday, well below the 190,000 forecast by economists.

The dollar briefly slid to the day’s lows following the report before regaining ground.

The jobs data was seen as unlikely to alter investor expectations for a rate hike by the U.S. central bank at its March meeting. Fed officials have penciled in three rate increases this year and two in 2019.

Gold is highly sensitive to rising U.S. interest rates, as they increase the opportunity cost of holding non-yielding bullion, while boosting the dollar, in which it is priced.

Recent weakness in the dollar had supported gold prices by making the dollar-denominated metal cheaper for holders of other currencies.

Elsewhere in metals trading, silver was down 0.69% at $17.16 a troy ounce, while platinum fell 0.41% to trade at $971.20 a troy ounce.

Palladium was up 0.88% to $1,091.70 a troy ounce, not far from Thursday’s record high of $1,101.30.

Palladium posted the strongest increase among precious metals in 2017, advancing 57% amid concerns over the supply outlook.

Copper was little changed for the day at $3.230 a pound.

Tags:

Related Posts
Leave A Comment
(48) Comments
  • waterfallmagazine.com Reply

    https://waterfallmagazine.com
    I absolutely love your blog and find many of your post’s to be what precisely I’m looking for.
    can you offer guest writers to write content in your
    case? I wouldn’t mind composing a post or elaborating on a lot of the subjects you write with regards to here.

    Again, awesome weblog!

    July 8, 2020 at 6:33 pm
  • wieliczko.eu Reply

    http://wieliczko.eu/ Consumers will certainly discover it very
    easy to produce extremely individual, creative memory books, while severe and also specialist professional
    photographers will wind up with excellent showcase portfolio books.

    July 31, 2020 at 11:59 am
  • sql interview Reply

    sql interview sql interview sql interview sql
    interview sql interview sql interview sql interview

    March 11, 2021 at 2:13 pm
  • tinyurl.com Reply

    https://tinyurl.com/ymxkxxe5 YOGA

    June 17, 2021 at 7:49 pm
  • bit.ly Reply

    https://bit.ly/3cKjbKl YOGA

    June 18, 2021 at 6:42 pm
  • Instantjobinterviewtools.com Reply

    https://tipsforperfectinterview.com Automobile increment permits the user to
    produce a unique number to be produced whenever a brand-new
    record is placed in the table. CAR INCREMENT is the key words for Oracle,
    AUTO_INCREMENT in MySQL as well as IDENTITY keyword phrase can be used in SQL
    WEB SERVER for auto-incrementing. Mostly this key words is used to create the primary secret for the table.
    Normalization prepares the existing tables as well as its fields within the data source,
    resulting in minimal duplication. It is utilized to simplify a table as high as feasible while preserving the special areas.

    If you have actually little to claim on your own, the recruiter power
    assume you have void to say. pl sql meeting questions I make
    myself really feel divine ahead the interview starts.
    With this inquiry, the recruiter will evaluate you on exactly how you prioritise your
    job checklist. I look forward to workings with damien once more in the
    future strained. You mightiness require a compounding of dissimilar sorts of questions
    in order to to the full cover the concern, as well as this may diverge betwixt participants.
    Prospects turn up to interviews with a coating of exciting you.

    A primary secret is a unique type of one-of-a-kind secret.
    A foreign key is made use of to preserve the referential link integrity between 2
    information tables. It prevents activities that can
    damage links between a kid and a parent table. A main key
    is utilized to define a column that distinctively determines each row.
    Null worth and replicate worths are not permitted to be entered in the primary essential
    column. Nonetheless, you may not be given this hint, so it is on you to remember that in such a scenario a subquery is
    precisely what you require. After you undergo the basic SQL meeting
    questions, you are likely to be asked something much more specific.

    June 30, 2021 at 12:19 pm
  • interviewtip.net Reply

    https://interviewtip.net Auto increment allows the individual
    to create a unique number to be produced whenever a brand-new record
    is placed in the table. VEHICLE INCREMENT is the
    key phrase for Oracle, AUTO_INCREMENT in MySQL and also IDENTITY
    key words can be utilized in SQL SERVER for auto-incrementing.
    Mainly this keyword is made use of to create the main secret for
    the table. Normalization organizes the existing tables and also its areas within the
    data source, causing minimum duplication. It is used to simplify
    a table as much as possible while keeping the
    special areas.

    If you have really little to say on your own, the interviewer power assume you have void to say.
    pl sql meeting questions I make myself really feel magnificent
    ahead the meeting begins. With this concern, the employer will certainly judge you on exactly how you prioritise your task listing.
    I look forward to functions with damien once more in the future strained.
    You mightiness require a compounding of different sorts
    of questions in order to fully cover the concern, and also this might deviate betwixt participants.
    Prospects appear to meetings with a surface of impressing you.

    A primary key is a unique type of distinct trick.
    A foreign trick is utilized to maintain the referential web link stability
    in between 2 information tables. It protects against actions that can ruin links in between a child as well as a parent table.
    A primary trick is used to define a column that uniquely identifies each row.
    Void worth and also replicate worths are not allowed
    to be entered in the primary key column. Nevertheless, you may not be
    provided this hint, so it is on you to keep in mind that
    in such a situation a subquery is precisely what
    you require. After you experience the essential SQL interview questions, you are likely to be asked something a lot more specific.

    July 11, 2021 at 7:30 pm
  • t.ly Reply

    Formal self-insurance is the deliberate choice to pay for in any other case insurable losses out
    of one’s personal cash.

    May 22, 2022 at 10:44 pm
  • tinyurl.com Reply

    Engine Cubic Capacity – The premium of a automotive insurance plan is also
    a operate of the car’s engine cubic capacity.

    June 1, 2022 at 12:11 pm
  • cutt.ly Reply

    The insurance of old bikes after 15 years of their age is possible.

    June 1, 2022 at 1:30 pm
  • rebrand.ly Reply

    Read up on the most recent news regarding NAIC’s organizational updates, publications, occasions, and basic data.

    June 6, 2022 at 7:04 pm
  • tinyurl.com Reply

    Customizable coverage options for businesses of all kinds and sizes.

    June 7, 2022 at 8:16 am
  • tinyurl.com Reply

    According to Swiss Re, the worldwide insurance market wrote $6.287 trillion in direct premiums in 2020.

    June 15, 2022 at 1:16 pm
  • tinyurl.com Reply

    https://cutt.ly/FTQzhuH

    July 2, 2022 at 3:41 pm
  • tinyurl.com Reply

    A tied agent, working solely with one insurer, represents the insurance firm from
    whom the policyholder buys .

    July 4, 2022 at 12:46 am
  • udanezareczyny.pl Reply

    Amounts entered outside of our vary of protection prices will be proven the closest out there coverage package
    deal.

    July 8, 2022 at 9:35 pm
  • oficerki.pl Reply

    https://bit.ly/3cmMmCL

    July 17, 2022 at 1:25 pm
  • tinyurl.com Reply

    Therefore, all insurance companies provide it with
    some sub-limits and coverage conditions.

    July 23, 2022 at 5:02 pm
  • tinyurl.com Reply

    We want our prospects to have the most effective experience comparing and shopping for journey
    insurance.

    July 29, 2022 at 8:05 am
  • tinyurl.com Reply

    https://bit.ly/30BGVO1

    August 1, 2022 at 8:44 pm
  • Tinyurl.com Reply

    https://bit.ly/30HDF3z

    August 9, 2022 at 9:32 pm
  • Tinyurl.com Reply

    It helps a policyholder get an increased life coverage together with
    all different advantages of a life insurance plan.

    August 18, 2022 at 5:44 am
  • bit.ly Reply

    https://cutt.ly/FTQzhuH

    September 1, 2022 at 6:35 pm
  • is.gd Reply

    Annual premium for a fundamental legal responsibility policy and is not
    obtainable in all states.

    September 8, 2022 at 2:22 am
  • cutt.ly Reply

    Bike insurance policy quantity is a novel quantity which is
    of eight to 10 digits supplied by the insurance company.

    September 8, 2022 at 1:24 pm
  • Mark Reply

    Thanks for your blog, nice to read. Do not stop.

    September 11, 2022 at 12:39 am
  • szkolajezdziectwa.pl Reply

    https://bit.ly/3kNvZnf

    September 13, 2022 at 2:40 am
  • Cutt.ly Reply

    For more information about the underwriting entities click
    on “Learn More” to be directed to the specific product
    web page.

    September 14, 2022 at 8:49 am
  • is.gd Reply

    The study discovered that these scores are effective predictors
    of danger.

    September 15, 2022 at 8:33 am
  • Rebrand.ly Reply

    The four types of investment are Stocks, Bonds, Mutual Funds and Cash Equivalents.

    September 23, 2022 at 8:46 pm
  • tinyurl.com Reply

    No, one car proprietor can not have two insurance insurance policies for the same four-wheeler.

    October 6, 2022 at 4:38 am
  • pbn Reply

    Hi there Dear, are you really visiting this web page daily, if so
    then you will without doubt take nice experience.

    October 7, 2022 at 6:35 pm
  • is.gd Reply

    Fraternal insurance is offered on a cooperative basis by fraternal
    benefit societies or other social organizations.

    October 12, 2022 at 1:43 am
  • tinyurl.com Reply

    Neither insurance consultants nor insurance brokers
    are insurance corporations and no risks are transferred to them in insurance transactions.

    October 17, 2022 at 1:48 pm
  • ubezpieczeniaaut.com.pl Reply

    Indemnity – the insurance firm indemnifies or compensates the insured within the case of sure losses
    solely up to the insured’s interest.

    October 18, 2022 at 4:53 pm
  • Gozo Holidays Reply

    My brother suggested I might like this web site. He was entirely right. This submit actually made my day. You can not imagine just how much time I had spent for this info! Thank you! !

    October 29, 2022 at 7:44 pm
  • juncrijobte1986 Reply

    Every day thousands of people around the world bet at casinos https://all-slots-casino.biz/ and bookmakers, and try their luck at lotteries. Internet users look for safe sites with video slots and sports betting, try to understand the rules of casinos, ask questions about bonuses and share tips on how to take the big score. Until now, there was no single place on the web for such people. Now such a resource has appeared. Informational and entertainment portal created to bring together fans of gambling

    December 8, 2022 at 6:33 am
  • www.topcasino-affiliateprograms.com Reply

    Good ranking of https://topcasino-affiliateprograms.com/ casino and sports betting affiliate programs, Super affiliate programs only with us, review, rating

    January 26, 2023 at 6:45 pm
  • Casino Affiliate Programs Review Reply

    Good ranking of Casino Affiliate Programs Review casino and sports betting affiliate programs, Super affiliate programs only with us, review, rating

    March 1, 2023 at 12:10 am
  • www.bet-promokod.ru Reply

    Букмекерская контора 1xBet является одной из самых известных на рынке. https://bet-promokod.ru/ Огромный выбор спортивных и киберспортивных событий, десятки открытых линий, самые высокие коэффициенты. Также, БК имеет обширный функционал и немногие дает возможность совершать ставки по уникальным промокодам. Используя их, вы можете получить реальный денежный выигрыш, не внося абсолютно никаких средств. Фантастика? – Нет, Реальность Узнать последний промокод вы можете сейчас же, однако использовать его необходимо в соответствии с условиями и инструкциями, которые приведены ниже.

    March 7, 2023 at 1:12 am
  • jazzslots.com Reply

    Exciting games and generous https://jazzslots.com/ bonuses await at our casino. With a wide range of options, you’re sure to find something you love.

    March 18, 2023 at 12:04 am
  • wanted-dead-or-a-wild.com Reply

    Great online game https://wanted-dead-or-a-wild.com/ where you can make money, buy yourself a new phone or a car, close the mortgage on your apartment and only one month, quick to register and win.

    March 23, 2023 at 12:25 pm
  • top24-affiliate-programs.com Reply

    Good ranking of https://top24-affiliate-programs.com/ casino and sports betting affiliate programs, Super affiliate programs only with us, review, rating

    April 12, 2023 at 8:10 am
  • razorshark-online.com Reply

    Great online game https://razorshark-online.com/ where you can make money, buy yourself a new phone or a car, close the mortgage on your apartment and only one month, quick to register and win.

    April 19, 2023 at 5:04 pm
  • Casino Affiliate Programs Review Reply

    Good ranking of Casino Affiliate Programs Review casino and sports betting affiliate programs, Super affiliate programs only with us, review, rating

    June 3, 2023 at 3:14 am
  • www.aviator-gamez.com Reply

    Great online game https://aviator-gamez.com/ where you can make money, buy yourself a new phone or a car, close the mortgage on your apartment and only one month, quick to register and win.

    June 9, 2023 at 9:04 am

Leave A Comment

Middle East Financial Investment