gold reverses gains as dollar strengthens
Last Updated : GMT 09:07:40
Egypt Today, egypt today
Egypt Today, egypt today
Last Updated : GMT 09:07:40
Egypt Today, egypt today

Gold reverses gains as dollar strengthens

Egypt Today, egypt today

Egypt Today, egypt today Gold reverses gains as dollar strengthens

London - Arabstoday

Gold reversed gains Monday as the dollar strengthened but the precious metal remained supported by Eurozone debt woes after ministers delayed a decision on emergency loans to Greece. Eurozone finance ministers kept up intense pressure on Greece, saying it had to approve tougher austerity measures before a final decision is made on a further ¤12 billion in loans. Spot gold was at $1,536 by 1125 GMT compared with $1,538.40 an ounce late in New York on Friday, having risen above $1,541 on Friday its biggest one-day gain since May. Gold is still below a lifetime high around $1,575 touched in early May. "It's treading water, you're not going to get too much movement either way until we get more clarification as to what happens on Greece," Credit Agricole analyst Robin Bhar said. "The market is hungry for an actual agreement to be signed, sealed and dusted ... equities have come off this morning, the dollar is probably better bid than it was and markets are just starting the week slightly risk averse having had a good bounce on Friday." The European Commission confirmed inspectors from the European Union and International Monetary Fund will visit Athens today. The euro was pinned down near recent lows as a delay to the next tranche of Greek bailout funds undermined confidence in the common currency, with the options market and technical charts suggesting more losses. Investors await the Fed's announcement on interest rates Wednesday, which could squeeze the dollar. Financial markets are bracing for the conclusion at the end of June of the Fed's quantitative easing, a cheap-money policy credited with boosting stocks but blamed for sky-high commodities prices and a weak dollar. From / Gulf News

egypttoday
egypttoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

gold reverses gains as dollar strengthens gold reverses gains as dollar strengthens



GMT 09:59 2017 Wednesday ,08 November

Delhi government shuts all schools over toxic smog

GMT 18:27 2017 Monday ,13 February

UN Voices Concern over Baghdad Demonstrations

GMT 18:10 2016 Saturday ,10 September

People enjoy mud festival in China's Jiangxi

GMT 19:33 2011 Tuesday ,01 November

Memorial by Alice Oswald

GMT 14:29 2011 Monday ,20 June

Pc to stand trial over G20 death

GMT 19:32 2017 Saturday ,25 February

UN: Geneva talks to encompass transition process

GMT 04:52 2017 Saturday ,01 July

Rise in temperatures expected

GMT 16:21 2013 Friday ,07 June

Martinez named Everton manager
 
 Egypt Today Facebook,egypt today facebook  Egypt Today Twitter,egypt today twitter Egypt Today Rss,egypt today rss  Egypt Today Youtube,egypt today youtube  Egypt Today Youtube,egypt today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

egypttoday egypttoday egypttoday egypttoday
egypttoday egypttoday egypttoday
egypttoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
egypttoday, Egypttoday, Egypttoday