Gold was set to post its biggest weekly decline in six weeks
on Friday. For More Information Visit
www.capitalheight.com/bullion-premium.php
www.capitalheight.com/bullion-premium.php
Spot gold was little changed at $1,278.70 an ounce by 0318
GMT.
Gold is sensitive to interest rates as rising rates lift the
opportunity cost of holding non-yielding bullion.
Among other precious metals, silver was poised for a near 3
percent weekly loss, after four weeks of gains. Platinum was down 1 percent, snapping a five-week
winning streak, while palladium was set to post a 4 percent loss for the week.
PRICES AT 0318 GMT
Metal Last Change Pct chg
Spot gold 1278.7 1.04 0.08
Spot silver 17.29 -0.036 -0.21
Spot platinum 1062.3 4.56 0.43
Spot palladium 600.5 3.45 0.58
Comex gold 1280.9 8.6 0.68
Comex silver 17.38 0.053 0.31
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ReplyDeleteGold rates drifted lower on this Tuesday, the pulling back from the previous session's 6week lofty as investors awaited remarks from the after that skull of the FR (Federal Reserve) for fresh clues on the probable trajectory of financial policy.
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ReplyDeletePrice is what you pay value is what you get..
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