Gold futures moved down on Monday while U.S. employment sector data released on estimates positively impact economic growth prospects, and depressed safe-haven buying, despite the central bank is expected to continue to lift the economy in tahumn 2013.
Policy easing from the Federal Reserve has brought gold to a record high in recent years, as investors try to cope with high inflation estimates related to the printing of money the U.S. central bank.
Contract Spot gold fell 0.1% to $ 1,576.04 an ounce, recovering from a low for 2 weeks at the $ 1,560.80 in the previous session. U.S. gold futures fell 0.1% to $ 1,575.40.
Policy easing from the Federal Reserve has brought gold to a record high in recent years, as investors try to cope with high inflation estimates related to the printing of money the U.S. central bank.
Contract Spot gold fell 0.1% to $ 1,576.04 an ounce, recovering from a low for 2 weeks at the $ 1,560.80 in the previous session. U.S. gold futures fell 0.1% to $ 1,575.40.
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