Read the Beforeitsnews.com story here. Advertise at Before It's News here.

By MTECHTIPS
Contributor profile | More stories

Story Views
Now:
Last hour:
Last 24 hours:
Total:

MTECHTIPS:-Gold eases off 9-1/2 month lows as dollar rally pauses

Friday, November 25, 2016 0:36

% of readers think this story is Fact. Add your two cents.

MTECHTIPS:-Gold eases off 9-1/2 month lows as dollar rally pauses

MTECHTIPS- Gold prices eased on Thursday after falling to their lowest levels since February as the dollar paused after surging to fresh 14-year peaks. Gold for December delivery was trading at $1,187.55 a troy ounce by 0946 GMT, after earlier falling as low as $1,179.75, a level not seen since February 8. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was last at 101.67, not far from highs of 102.11, the strongest level since early April 2003. The dollar rallied after upbeat U.S. data and Wednesday’s Federal Reserve minutes cemented expectations for a rate hike next month. The minutes from the Fed’s November meeting said an interest-rate increase was possible “relatively soon” if data indicated that the economy is improving. Some Fed officials explicitly called for a rate hike in December, the minutes showed. Separately, data showed that U.S. durable goods orders rose at the fastest rate in a year in October and another report showed that a gauge of U.S. consumer confidence rose strongly in November. According to Investing.com’s Fed Rate Monitor Tool, odds for a rate hike at the Fed’s December 13-14 meeting are now at 100%. Gold is priced in dollars and becomes more expensive to holders of other currencies when the dollar strengthens.

WWW.MTECHTIPS.COM

07489294118-119

Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!

Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST

Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)

Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!

Nascent Iodine - Promotes detoxification, mental focus and thyroid health.

Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).

Comments

Online:
Visits:	1,603,888,823
Stories:	8,151,670