Gold prices extended losses for a second session Thursday, continuing to feel pressure from news that a proposal which could require the Swiss central bank to ramp up its holdings in bullion is losing support.Gold for December delivery GCZ4, +0.21% fell $3 to settle at $1,190.90 an ounce, reducing an earlier loss that saw it down as much as $16. December silver SIZ4, +0.58% was off 16 cents to $16.14 an ounce. When interest rates rise, demand for gold weakens since it does not pay interest.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
0 comments:
Post a Comment