Profile image
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

MTECHTIPS:-Gold heads into Asian day quoted weaker with OPEC curb effort in focus

Wednesday, November 30, 2016 2:28
% of readers think this story is Fact. Add your two cents.

MTECHTIPS:-Gold heads into Asian day quoted weaker with OPEC curb effort in focus

 

B4INREMOTE-aHR0cHM6Ly80LmJwLmJsb2dzcG90LmNvbS8tR3pQd1NWRjFoa1EvV0Q2WWxtaUdkakkvQUFBQUFBQUFfTmsvOWVzMHl4N0pYYklHczF2M2k2bFh5b3BZczRfWGlOdGh3Q0xjQi9zMzIwL2dvb2xkZC5qcGc=

 

MTECHTIPS- Gold prices were quoted lower ahead of early Asian trade on Wednesday with investors on the watch for news on prospects for an OPEC effort to curb output in a move that has implications for global growth and inflation outcomes. Gold futures on the Comex division of the New York Mercantile Exchange were last quoted at $1,186.50 a troy ounce, down 0.36%. Elsewhere in metals trading, silver futures were last quoted at $16.672 a troy ounce, down 0.02%, while copper futures last traded at $2.604 a pound, down 2.49%. Copper prices had climbed around 18% this month on hopes that infrastructure plans in top consumers China and the U.S. will bolster demand for the industrial metal. Overnight, gold prices were lower Tuesday as upbeat U.S. economic reports underlined the view that the Federal Reserve will hike interest rates in December, underpinning dollar demand. Data on Tuesday showed that the U.S. economy grew at a quicker than expected rate in the third quarter, expanding at the fastest pace in two years. The Commerce Department reported that gross domestic product grew by 3.2% on a year-over-year basis, up from the previously reported estimate of 2.9%. Another report showed that U.S. consumer confidence rebounded strongly in November, after a moderate decline in October.

 

WWW.MTECHTIPS.COM

07489294118-119

We encourage you to Share our Reports, Analyses, Breaking News and Videos. Simply Click your Favorite Social Media Button and Share.

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories
 

Featured

 

Top Global

 

Top Alternative

 

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.