FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

LISTED COMPANIES

Submit Post

Poll

Can there be another Covid-19 wave in Sri Lanka?

 
 
 

View results

STOCK MARKET TRAINING
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



Latest topics

» Shares to Buy
by Bakkabwoi Yesterday at 11:12 pm

» EXPOLANKA HOLDINGS PLC Interim Financial Statements quarter ended 30th June 2021
by Accountant Yesterday at 10:09 pm

» Successful investment strategies require an understanding of the forces of stock market nature, and disciplined rules of portfolio management.
by Asoka Samarakone Yesterday at 9:12 pm

» LANKA ALUMINIUM INDUSTRIES PLC (LALU.N0000)
by Niwa Yesterday at 8:53 pm

» Directors' Dealings today
by SAGA Yesterday at 6:02 pm

» Top Foreign Trading today
by SAGA Yesterday at 5:59 pm

» CHEVRON LUBRICANTS LANKA PLC (LLUB.N0000)
by Antonym Yesterday at 5:37 pm

» Boga unusual Collection....
by Wickyz Fri Jul 30, 2021 1:14 pm

» MILLENNIUM HOUSING DEVELOPERS PLC (MHDL.N0000)
by jehan008 Fri Jul 30, 2021 1:11 pm

» Sri Lanka FOB prices for black tea highest in the world
by samaritan Fri Jul 30, 2021 12:18 pm

» DPL Take over
by Vishwanarth Fri Jul 30, 2021 12:12 pm

» HVA FOODS PLC (HVA.N0000)
by samaritan Fri Jul 30, 2021 11:02 am

» INDUSTRIAL ASPHALTS (CEYLON) PLC (ASPH.N0000)
by dayandacool Fri Jul 30, 2021 10:09 am

» CITIZENS DEVELOPMENT BUSINESS FINANCE PLC(CDB.N0000)
by engineer Fri Jul 30, 2021 7:06 am

» RENUKA CAPITAL PLC . KZOO.N
by Pbv Fri Jul 30, 2021 12:22 am

» What will happen to AMF¿??????
by Tissa Thu Jul 29, 2021 11:46 pm

» Expert view on AMF??
by Tissa Thu Jul 29, 2021 10:12 pm

» Sell EXPO Buy EDEN sentiment changed to Exit EXPO Enter EDEN
by Bakkabwoi Thu Jul 29, 2021 8:57 pm

» What are the short term profit stocks you are planning to buy on this Monday? (Only honest ppl please)
by Hope123 Thu Jul 29, 2021 7:04 pm

» Discussion on mechanism to aid investors, Conducted BY Hon Finance Minister
by D.G.Dayaratne Thu Jul 29, 2021 6:57 pm

EXPERT CHRONICLE™

MARKET CHAT


CHRONICLE™ ANALYTICS


ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

LATEST TWEETS

You are not connected. Please login or register

FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Gold Gains On Overall Dollar Softness,Markets Eye Fed Minutes

Gold Gains On Overall Dollar Softness,Markets Eye Fed Minutes

Go down  Message [Page 1 of 1]

Miss-Sangeetha

Miss-Sangeetha
Moderator
Moderator
Gold prices edged up on Thursday, holding close to a three-month peak as the metal benefited from weakness in the dollar, with the market focus on minutes of the U.S. Federal Reserve's December policy meeting.
Spot gold rose 0.2% to $1,519.76 per ounce as of 1039 GMT, having touched the highest level since Sept. 25 at $1,525.20 on Tuesday. U.S. gold futures were down 0.1% at $1,522.30.


"We are seeing a bit of a bounce back in the dollar but if you look at the movements that we saw (in the past few days), it is probably supporting gold in the interim," said OANDA analyst Craig Erlam.
"There is a bit of a correlation between the two (dollar and bullion) right now, which is what really propelled gold from $1,480 to $1,520," he said, adding a further upside in dollar could, however, add pressure to gold.


Against key rivals, the dollar inched up about 0.3% this session, but was trading not far from its July-2019 low touched on Tuesday.


Beijing's decision to ease monetary policy further supported bullion, Erlam added.
China's central bank on Wednesday said it was cutting the amount of cash that all banks must hold as reserves, releasing funds to shore up the slowing economy.
Bullion prices posted their biggest annual rise in nearly a decade in 2019, boosted by the drawn-out trade war between the United States and China that dragged on global economic growth.


Many analysts said prices were likely to rise further in 2020, with shaky growth and global stock markets potentially looking unsustainable at record highs.


"A key thing to look out for is stock markets, which have been setting new highs and, in case there is some correction, we can see some capital flows into gold," said Brian Lan, managing director at dealer GoldSilver Central in Singapore.
Brexit, the U.S. presidential election, protests in Hong Kong and tensions with North Korea would be the other key factors for the market this year, he said.


Investor focus has now turned to the minutes of the Federal Reserve's Dec. 10-11 policy meeting, due at 1900 GMT on Friday.
"Friday's U.S. manufacturing ISM and the December Federal Open Market Committee (FOMC) minutes could provide an impulse," Stephen Innes, a market strategist at AxiTrader said in a note.


Lower interest rates encourage the buying of non-interest-paying bullion.
Among other precious metals, silver gained 0.3% to $17.88 per ounce, while platinum rose 1.5% to $977.48 and palladium edged up 0.5% to $1,949.40 per ounce.
Source- REUTERS

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum