|08-27-2014, 03:08 PM||#1|
Gold rises for second day, yet may come under pressure
Gold resumed its rise for a second straight session on Wednesday amid heightening tensions in Ukraine, yet prices may come under pressure due to the dollar’s strength and rally in equities.
Despite talks between Russian President Vladimir Putin and his Ukrainian counterpart Petro Poroshenko in the Belarussian capital Minsk, the first since June, the fights in the Eastern boarders continued.
The government in Kiev mentioned it had captured Russian soldiers involved in a “special mission” on Ukrainian territory.
On the other hand, ECB President said the bank ready to inject to fresh stimulus should inflation worsens.
While the yellow metal is still finding some support from the geopolitical tensions, pressure is also raising from the firmer dollar and equities.
The U.S. dollar retreated today versus a basket of major currencies, yet still hovers near one-year high. The dollar index soared to peak of 82.75 then fell to wobble around 82.55.
Data released yesterday signaled U.S. durable goods climbed a robust 22.6 percent in July, while consumer confidence soared to a seven-year high in August.
U.S. shares jumped on Tuesday, pushing the S&P index to close above 2,000 for the first time.
Gold is currently trading around $1285.25 after hitting a high of $1285.78 and a low of $1279.99.
The prices are still below the physiological level of $1300, which pushed the price down last week.
Crude oil for October’s delivery rose for a second session to trade around $93.90 after hitting a bottom of $93.73.
|مواقع النشر (المفضلة)|
|الذين يشاهدون محتوى الموضوع الآن : 1 ( الأعضاء 0 والزوار 1)|
|أدوات الموضوع||إبحث في الموضوع|
|انواع عرض الموضوع|
|الموضوع||كاتب الموضوع||المنتدى||مشاركات||آخر مشاركة|
|European shares rises, investors weigh Fed stimulus hopes||Hazem Ahlawy||Forex News||0||08-21-2014 04:01 PM|
|France manufacturing tumbles, services rises in August||Hazem Ahlawy||Forex News||0||08-21-2014 04:00 PM|
|Gold Stocks Cheaper Than Bullion - GOLD GAME FILM||الزعيم||Gold, Silver & Oil||1||08-15-2014 09:51 AM|