Death toll rises to 34,622 with 77,867 wounded since the conflict began on October 7
mena2 hours ago
Gold staged its biggest daily loss in more than two months on Friday, after data showed US consumer sentiment rose to a five-year high, adding to concern that the Federal Reserve’s latest round of quantitative easing (QE3), aimed to improve job market and supporting growth, may be trimmed.
China’s annual consumer price inflation ticked down to 1.9 percent in September from August’s 2.0 percent, leaving plenty of room for further policy easing to shore up growth, which would help support gold’s role as a hedge.
But momentum in gold remained depressed after the data release, as the slide from Friday’s intra-day high above $1,770 triggered stop-selling that was still pushing prices lower, traders said.
“We traded through lots of stops this morning,” said a Singapore-based trader, “The China inflation story is outweighed by such selling.”
Spot gold fell to a 2-1/2-week low of $1,741.24 an ounce before paring some losses to $1,743.39 by 0323 GMT, down 0.6 percent from the previous close.
US gold lost 0.8 percent to $1,745.30.
Death toll rises to 34,622 with 77,867 wounded since the conflict began on October 7
mena2 hours ago
The Indian company, Tesla Power India Pvt Ltd, argued its main business is to make 'lead acid batteries' and it has no intention of making electric vehicles
world2 hours ago
Felton will play Josiah Oldfield, Gandhi's first and best friend during the period he spent in London while studying law
entertainment2 hours ago
Brij Bhushan Sharan Singh's son Karan is standing as a BJP candidate in his father's Kaiserganj seat in the politically crucial Uttar Pradesh state
asia3 hours ago
This initiative underscores Aerotree's commitment to elevating transportation standards and bolstering economic development by leveraging modern aircraft and advanced infrastructure
kt network3 hours ago
Mid-match injury forces Medvedev to retire from quarter-final clash with Jiri Lehecka
sports3 hours ago