Profile image
Story Views

Last Hour:
Last 24 Hours:

MTECHTIPS;-Gold prices inch up toward 4-week high

Monday, January 9, 2017 7:28
% of readers think this story is Fact. Add your two cents.

Headline: Bitcoin & Blockchain Searches Exceed Trump! Blockchain Stocks Are Next!

MTECHTIPS;-Gold prices inch up toward 4-week high


Gold prices inched up toward a four-week high on Monday, as market players awaited further evidence to gauge if the world’s largest economy is strong enough to withstand higher borrowing costs in the months ahead. Gold for February delivery on the Comex division of the New York Mercantile Exchange tacked on $3.55, or 0.3%, to $1,176.95 a troy ounce by 3:45 AM ET (08:45 GMT), after falling $7.90, or around 0.7%, on Friday. Prices of the yellow metal touched $1,185.90 last Wednesday, a level not seen since December 5. Gold tallied a gain of about 2% last week, its best weekly performance in two months, after minutes from the Federal Reserve’s December meeting unsettled investors’ expectations about the pace of future interest rate hikes. U.S. jobs data released Friday showed a slowdown in hiring in December but a pickup in wage growth. The Labor Department said Friday the U.S. economy added 156,000 jobs in December, falling short of economists forecast for jobs growth of 178,000. The report also showed that the annual rate of wage growth rose to 2.9% in December from a year earlier, the strongest since 2009. The employment data indicated that the economy is improving enough for the Fed to keep pushing up interest rates.

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

Report abuse


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



Top Global


Top Alternative




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.