|02-03-2015, 01:04 AM||#1|
Gold prices firm up around $1,200 on global growth concerns
Gold prices stood firm around $1,200 an ounce on Monday, supported by the concerns over the global economic outlook, which raised demand for the metal as a safe haven against.
Gold prices gained 0.30% around $1,279.42 an ounce at 08:15 GMT.
Data released earlier showed that the final China HSBC Manufacturing Purchasing Managers` Index ticked down to 49.7 in January, worse than the expected 54.1 and December’s reading that recorded a 53.8 growth.
The Chinese data came after U.S. reports confirmed a slowdown in the pace of economic growth during the fourth quarter of 2014.
The negative signals from the global economies usually boost demand for gold as a safe haven, with forecast stability above $1,200 an ounce in the short term.
|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|
|Gold prices pare gains as U.S. dollar advances on strong growth data||Hazem Ahlawy||Forex News||0||12-24-2014 03:14 PM|
|Asian stocks decline on global growth worries||Hazem Ahlawy||Forex News||1||10-08-2014 06:19 PM|
|Gold trades near 7-1-2 mth low on firm dollar, ease in geopolitical tensions||Hazem Ahlawy||Gold, Silver & Oil||0||09-12-2014 02:10 PM|
|Gold trades near 3mth low as dollar remains firm||Hazem Ahlawy||Gold, Silver & Oil||0||09-09-2014 02:01 PM|
|Weakness in business activity in China and Europe adding concerns about global recovery||Hazem Ahlawy||Forex News||0||08-22-2014 01:40 PM|