Gold is in decline compared to the rise of the dollar ahead of a meeting of the Central American
Gold is in decline compared to the rise of the dollar ahead of a meeting of the Central American
Wednesday, June 18, 2014 10:27
(Reuters) – Gold fell on Wednesday, with the rise of the dollar and as investors withdraw money from the funds of precious metals with many investors taking wait and see attitude before a meeting of the Federal Reserve (central bank) American.
She said the agency (Reuters) that “By the time 0315 GMT Gold fell in the spot market 0.2 percent to 1268.75 dollars per ounce after trading stamp previous session little changed stable.”
The precious metal hit its highest level in three weeks at 1284.85 dollars on Monday reinforced when the turmoil in Iraq and Ukraine attractiveness as a safe haven compared with riskier assets such as stocks.
And many expect that the Federal Reserve Board to cut another $ 10 billion of its monthly bond purchases in the two-day meeting concludes Wednesday.
The prices of platinum and palladium after reaching a wage agreement in the mining sector in South Africa.
Agreed Anglo American Platinum and Impala Platinum and lumen and the Union of Miners and construction in South Africa on a wage deal to end the strike has been going on for five months but has not yet been reached regarding the solution to the time frame and additional benefits.
Platinum rose in the spot market 0.1 percent to 1434.75 dollars an ounce.
The price of palladium jumped 0.4 percent to 816.25 dollars an ounce.
Silver fell 0.1 per cent to 19.66 dollars per ounce
albaghdadianews.com
