Market: Gold price increases – Daily Trust

Market: Gold price increases

11.9.2019

Market: Gold price increases

Gold prices edged up on Wednesday, snapping a four-day losing streak on technical buying, amid expectations that the European Central Bank (ECB) will dole out stimulus and cut interest rates. Spot gold was up 0.5 per cent at $1,493.50 per ounce, as of 0611 GMT.ADVERTISEMENT In the previous session, prices fell to their lowest since …

In the previous session, prices fell to their lowest since Aug. 13 at $1,483.90.“The ECB is expected to reduce further the interest rate into negative territory.Bullion prices have shed more than four per cent or over $60, since scaling an over six-year peak of $1,557 on Sept. 4.

ECB policymakers are leaning toward a package that includes a rate cut, a pledge to keep rates low for longer and compensation for banks over the side-effects of negative rates, five sources familiar with the discussion said last week.Gold prices gained about 18 per cent, or over $200, since hitting year’s low of $1,265.85 on May 2.

Meanwhile, the dollar index was steady, while Asian stock markets held firm and bond yields rose on Wednesday.

Read more: Daily Trust

Naira fails to maintain positive momentum, weakens at forex market - Daily Post NigeriaNigerian Naira, on Monday, failed to live up to the positive momentum it recorded last week at the foreign exchange market. This is because the local curr

Central Bank Of Nigeria Injects $210 Million Into Forex Market | Sahara Reporters.cenbank Injects $210 Million Into Forex Market | Sahara Reporters According to him, the figures released by the apex bank indicated that authorized dealers in the wholesale segment of the market were offered $100 million while the small and...READ MORE:

CBN injects $210 million into forex market - Premium Times NigeriaThe bank reaffirms commitment towards ensuring stability in foreign exchange market.

CBN Injects $210m into forex market - The Nation NewspaperThe Central Bank of Nigeria (CBN) has injected 210 million U.S. dollars into interbank segment of the Foreign Exchange Market following

SEC, Consumer protection agency to conduct joint review of capital market transactions - Premium Times NigeriaThe Memorandum of Understanding between the agencies was signed in fulfilment of the Federal Competition and Consumer Protection Act (FCCPA) 2018.

How to take herbal research from laboratory to market, by scientists | The Guardian Nigeria News - Nigeria and World NewsThe World Health Organisation (WHO) “Strategy on Traditional Medicine 2014-2023” places great emphasis on the integration of traditional medicine into healthcare delivery system in member countries, while it promotes the adoption of integrative health in the management of health...



FG partners states to feed pupils at home

5,000 Ekiti residents received FG’s N20,000 each — Fayemi

Nigeria to employ 774,000 youths to clear gutters

BREAKING: Fire guts Accountant-General’s office in Abuja

Boris Johnson ‘stable’ in intensive care

FG knocks Oyakhilome for calling COVID-19 lockdown a scam

Chinese doctors arrive today to treat CCECC workers

Write Comment

Thank you for your comment.
Please try again later.

Latest News

News

11 September 2019, Wednesday News

Previous news

NDLEA uncovers, destroys 2 hectares of cannabis farms in Edo – Daily Trust

Next news

Why we will blow up oil installations again - Ex-militants threaten Buhari, Nigerian govt - Daily Post Nigeria