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 futures edge higher as dollar slides to lows

Tuesday, May 23, 2017 1:20

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

MTECHTIPS:-Gold futures edge higher as dollar slides to lows

MTECHTIPS- Gold futures rose on Monday, supported by a slump in the dollar, after the euro rose to six-month highs while concerns over U.S. political turmoil underpinned demand for safe-haven gold. Gold for June delivery on the Comex division of the New York Mercantile Exchange added $8.44 or 0.68%, to $1,262.09 a troy ounce by 13:49 EDT. Gold added to its 2% gain achieved last week, as investors continued to piled into the yellow-metal amid concerns that President Donald Trump may struggle to introduce his pro-growth economic agenda intended to boost the economy. President Trump’s alleged links to Russia and his abrupt decision to fire former FBI chief James Comey, have dominated moves in both the dollar and gold. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, fell by 0.16% to 96.84, after the euro surged on the back of German Chancellor Angela Merkel’s comments that the single currency was “too weak”. Dollar-denominated assets such as gold are sensitive to moves in the dollar – A dip in the dollar makes gold cheaper for holders of foreign currency and thus, increases demand. The dollar suffered its worst week in more than a year last week, as investors ditched the dollar amid growing concerns that Trump’s plan to introduce initiatives such as tax-reform, deregulation and infrastructure spending, widely viewed as inflationary, would be derailed amid continued political uncertainty.

MTECHTIPS-Apply For 2 Days Free Trails Equity & Commodity Tips

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:	1,599,581,491
Stories:	8,139,559