1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Gold pares gains as Fed stirs doubt over rate hike timing

Discussion in 'Stock Market News & Analysis' started by chetanepic, Aug 27, 2016.

  1. chetanepic

    chetanepic New Member

    Joined:
    Jan 9, 2016
    Messages:
    114
    Likes Received:
    0
    Gender:
    Male
    Occupation:
    Intraday Trader
    Location:
    INDIA
    Gold pared gains on Friday, while the dollar turned up and U.S. stocks fell, as investors struggled to decipher the timing of a U.S. interest rate increase following comments by Federal Reserve Chair Janet Yellen and other officials.

    Spot gold rallied 1.5 percent to $1,341.60 an ounce and the U.S. dollar index fell 0.6 percent

    Silver was up 0.6 percent at $18.60 an ounce, after hitting an eight-week low of $18.46 on Thursday.

    For more information about market and best FOREX TIPS visit our website.
     
Loading...

Share This Page