Gold futures on the COMEX division of the New York Mercantile Exchange fell to a one-month low on Tuesday due to short selling. The most active gold contract for February delivery slumped 25. 3 dollars, or 1.47 percent, to settle at 1,695.8 dollars per ounce. It was the lowest settlement price for the most active gold futures contract since Nov. 5. Market analysts attributed the plunge to technical short selling, as investors usually adjust their portfolios at the beginning and the end of a month. As November failed to give any upside momentum to gold, market analysts worried that the Tuesday slump may signal the beginning of a serious selloff. Silver for March delivery lost 95.1 cents, or 2.82 percent, to close at 32.808 dollars per ounce. Platinum for January delivery slipped 30.9 dollars, or 1.91 percent, to close at 1,582.9 dollars per ounce.
GMT 09:43 2018 Tuesday ,23 January
Global unemployment down but working poverty rampantGMT 15:13 2018 Sunday ,21 January
All you need to know about Davos 2018GMT 22:33 2018 Saturday ,20 January
Calls for action over dirty money flowingGMT 04:42 2018 Saturday ,20 January
Storm caused 90 mn euros in damage: Dutch insurersGMT 07:06 2018 Friday ,19 January
China economy rebounds in 2017 with 6.9% growthGMT 11:35 2018 Thursday ,18 January
'Massive' infrastructure spending needed in AfricaGMT 14:29 2018 Wednesday ,17 January
GE takes one-off hit of $6.2 bn linked to insurance activitiesGMT 18:55 2018 Tuesday ,16 January
London stock market edges to new high

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor