Gold futures logged their largest single-session price gain in nearly a month on Wednesday, after a U.S. consumer-price report suggested that inflation might be short of the Federal Reserve’s target levels to support a rate hike.Gold for December delivery GCZ5, +0.07% added $16.40, or 1.5%, to settle at $1,119 an ounce on Comex. The price move marked gold’s highest settlement in just over a week, after failing to score a session point or percentage gain this high since Aug. 20., when gold soared 2.2%, gaining $25.30, on dovish Fed minutes and a the beginning of a stock rout spurred by unease about China’s sluggish economy.
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