Saturday, July 11, 2015

investing in gold : Gold trims gains after a tip softens to raise US interest rates in 2015

investing in gold : Gold prices trimmed early gains on Friday after Janet Yellin said head of the Federal Reserve (the US central bank) that it expects the bank to raise interest rates in sometime this year, but strongly indicated concern that the US labor market is still weak.
In a speech which warned of some international risk that appeared it did not come from softens any signal or direct hint Do you expect more than one increase of interest rates in the remaining four meetings of the Central Bank in 2015.
The price of gold in the spot transactions 0.1 percent to $ 1160.33 an ounce ounce by 1833 GMT. Price is still a little low since the beginning of the week, after touching 1146.75 dollars an ounce on Wednesday registered its lowest level since March 18.
And it dropped the price of gold in US futures contracts for August delivery settled at 0.1 per cent to US $ 1157.9 per ounce.
The US dollar pared losses against the basket of major currencies and the euro dropped some of its gains against the greenback.
The price of silver rose in online transactions and one percent to $ 15.53 an ounce. Palladium jumped 1.7 percent to hit 648.50 dollars. The price of platinum rose 0.5 percent to $ 1025.25 an ounce..