Skip to main content

TRADELINE LIVE NEWS UPDATE

TRADELINE LIVE NEWS UPDATE 

PRECIOUS-Gold prices slip as dollar firms amid Fed rate hike view

Oct 1 (Reuters) - Gold prices dipped on Monday as the dollar firmed against its peers in the wake of indications from the U.S. Federal Reserve last week that it will pursue a tighter monetary policy.

The Fed raised U.S. interest rates last week and said it planned four more increases by the end of 2019 and another in 2020, amid steady economic growth and a strong job market. U.S. interest rates tend to boost the dollar and push bond yields up, putting pressure on gold prices by increasing the opportunity cost of holding non-yielding bullion.

 India's No.1mcx Tips Provider 
 www.tradelinecommodity.com
  contact:8057690837/8057046270






Labels:

Comments

Post a Comment

Popular posts from this blog

OFFER AGAIN ON HUGE DEMAND BY COMMODITYPROFITPLUS.COM

http://www.commodityprofitplus.com/
Post a Comment
Read more
Gold Today Report Gold retreats from 1-month high as dollar firms,. Technical Lab 8650986510 www.mcxanalysis.com
Post a Comment
Read more

Honest Updates

Oil jumps after Saudis, Russia say supply cut to be extended to March 2018 Oil prices jumped on Monday after the energy ministers of top producers Saudi Arabia and Russia jointly said that an OPEC-led crude production cut would be extended from the middle of this year until March 2018. FOR JOINING OUR SERVICES LOG ON www.honestadvise.com OR CALL @7617537676
Post a Comment
Read more