Gold prices rise amid support US Federal Reserve

Gold prices saw also the US dollar fluctuations and clear through US trade yesterday, and the impact of the US Federal Reserve Board, which has had a cautious tone on the issue of raising interest rates soon meeting. Fluctuations increased unit because it did not issue the results as market expectations on the one hand and on the other hand confirmation of the Council on a more conservative outlook on the US economy and bring down the growth of the Council of the word “patience” of his statement led to pressure on the US dollar and gold prices directly. Gold prices are trading today inRead More →

Gold rate in UAE continued to drop and reached the lowest level during the current year registered a decline at around 1.11% over the last ten days. Traders said the market: that gold reached the stimulating rates on investment in this sector attributing the decline to external factors, most notably the sharp rise in the US dollar in recent weeks internal and the other related to the freezing of many investors to their shares and not doing Ptsielha at the current stage in the light of successive decline in most local stock prices, making the bulk of the stock owners prefer to keep them reluctantRead More →