MTECHTIPS;-Gold Prices Advance on Rise in Dollar MTECHTIPS-Gold prices settled higher on Monday morning in Asia, along with an advance in the U.S. dollar. The increase in gold prices, a safe-haven asset, is likely to be impacted by geopolitical tensions including the Saudi murder of a journalist, Italy’s budget and Brexit uncertainty. Gold Futures for December delivery edged up 0.17% to $1,230.8 per troy ounce at 10:23 PM (02:23 GMT) on the Comex division of the New York Mercantile Exchange. The U.S. dollar index, trading against a basket of currencies, gained 0.06% to 95.44, bringing up gold prices as gold is sold in U.S. dollars. On Sunday, Saudi Arabia’s foreign minister Adel al-Jubeir told Fox News that the killing of Washington Post columnist Jamal Hoggish was a “tremendous mistake” and blamed it on a “rogue operation.” He claimed that the de-facto leader of the kingdom, crown prince Mohammed bin Sal man, was not aware of the murder, sparking international skepticism. The UK, France and Germany released a joint statement on the same day, condemning the murder and urging the kingdom to clarify “exactly what happened on Oct.2 [the date of Balkhash's disappearance] - beyond the hypotheses that have been raised so far in the Saudi investigation, which need to be backed by facts to be considered credible MTECHTIPS-Apply For 2 Days Free Trails Equity & Commodity Tips WWW.MTECHTIPS.COM 07489294118-119
Published on Oct 22 2018 4:35PM, by MTECHTIPS in Commodity tips| Share This