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 prices fall slightly in Asia on expected Fed rate hike next month

Wednesday, November 16, 2016 8:14

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

MTECHTIPS:-Gold prices fall slightly in Asia on expected Fed rate hike next month

MTECHTIPS- Gold prices drifted lower in early Asia on Wednesday as the market gears up for remarks this week from Fed Chair Janet Yellen as expectations for a December rate hike remain strong. Gold for December delivery on the Comex division of the New York Mercantile Exchange eased 0.05% to $1,227.40 a troy ounce. Earlier, Federal Reserve Vice Chairman Stanley Fischer on Tuesday said liquidity conditions in markets have changed as a result of tighter capital requirements enacted after the global financial crisis, but said the benefits of enhanced financial stability may outweigh the potential costs. Overnight, gold futures erased overnight gains in North American trading on Tuesday, falling back towards a six-month low after data showed that U.S. retail sales rose more than expected in October, boosting optimism over the health of the economy. The U.S. Commerce Department said that retail sales rose 0.8% last month, compared to expectations for a 0.6% increase. September retail sales increased 1.0%, whose figure was revised from an initial 0.6% rise. Core retail sales, which exclude automobile sales, increased 0.8% in October, compared to forecasts for an advance of 0.5%. Core sales in September were revised to a 0.7% advance from the prior 0.5% gain. A separate report showed that an index of New York-area manufacturing conditions turned positive in November for the first time in four months. The Empire Fed index rose 8.3 points to 1.5, on a scale where any reading above zero indicates improving conditions, the New York Fed said Tuesday. The data comes after reports earlier this month showed a rapidly tightening labor market and signs of a recovery in the manufacturing sector, underscoring the economy’s strength at the start of the fourth quarter.

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:	1,605,939,863
Stories:	8,139,052