Gold is recovering thanks to the monetary stimulus expectations

Views 15 Date 07/14/2016 - 19:29
Economy News / Continue ...

Gold climbed yesterday to recover from its lowest level in almost two weeks amid expectations of further economic stimulus helped boost investor appetite, while the dollar remained stable.

Gold rose 0.5 percent in spot transactions to $ 1338.55 the ounce after it touched US $ 1327.30 an ounce earlier, the lowest level since the first of July.

The yellow metal fell 1.7 percent yesterday Tuesday in the largest daily loss to him on May 24 / May since.

Gold climbed to US futures contracts 0.6 percent to $ 1341.60 an ounce. Gold rose toward $ 100 an ounce since Britain vote for the exit from the European Union.

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