Gold headed for First Weekly Advance This Month on Fed Rate Outlook

149c85550124bd83a0f0db3f90b0d1dd
Gold Erases This Year’s Losses on Dollar Decline; Silver Jumps
23/03/2015
0bf5bbae19b0193489376c1dfc799389
Gold, Silver Head for Weekly Rallies as Dollar Drop Spurs Demand
23/03/2015

Gold headed for First Weekly Advance This Month on Fed Rate Outlook

33693adbf11201eb4763ceb6e7b21b00

PT. Equityworld Futures – Gold headed for the first weekly climb since February, extending a rebound from a three-month low, after the Federal Reserve lowered projections for interest-rate increases.

Gold for immediate delivery added 0.1 percent to $1,172.31 an ounce by 10:40 a.m. in London, according to Bloomberg generic pricing. Bullion for April delivery rose 0.2 percent to $1,171.70 on the Comex in New York. Futures trading volume on the exchange was 40 percent below the average for this time of day over the past 100 days.

Bullion was set at $1,171.75 an ounce on Friday in the first LBMA Gold Price, an electronic auction that replaced the London gold fixing.

Silver rose 0.4 percent to $16.1997 an ounce and is set to climb 3.4 percent this week. Platinum was little changed at $1,124.75 an ounce, and palladium rose 0.9 percent to $773 an ounce, still set for a second weekly drop.

sumber : ewfpro.com

Comments are closed.