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Abstract:Following two sessions of significant losses that drove prices to a nine-month low, gold prices increased on Thursday as a break in the dollar's uptrend prompted some investors to buy deals. As the USD declined over worries about the growth rate, the price increased throughout the Asian hours.
Gold rose on Thursday as a pause in the dollar's rally encouraged some investors to snap up bargains after two sessions of heavy losses that sent prices to a nine-month low. The price jumped during the Asian hours as the USD dropped amid concerns on the growth rate.
Currently, gold trades at around $1811.37, which is another rise of $0.68 or 0.04% from the previous close of 1810.69.
The daily trading range is from $1805.43 to 1814.20, while the trading volume is 75.736K.
The USD which is in general into a reverse relationship to the precious metal, slipped this morning.
Benchmark U.S. 10-year Treasury yields fell to their lowest level in a month on Friday.
Soft U.S. data indicated in lower risks for this Fridays June payroll report.
The leading consumer China entered into recovery back slowly as COVID-19 curbs eased.In the meantime, silver added 0.62%, while Platinum tumbled 0.44%.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
SC Malaysia has been cautioned regarding Arab investment company. According to the Authority, a possible clone operating an illegal investment scheme offers high returns e.g.a return of RM3,000 in 24 hours with an investment of RM300. This entity does not carry a License.
SWIFT EARNERS has emerged as a controversial and highly dubious player. Despite its claims of being a reliable broker with a base in the United States and additional operations in Thailand, the experiences of numerous victims tell a different story. A particularly harrowing account comes from a South African victim who has found himself ensnared in what appears to be a well-orchestrated scam.
When searching for "RIF-CAPITAL" in WikiFX, we found that we have not yet confirmed its valid license information. WikiFX has received eight complaints against the trader in the past three months.
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