Make MENAFN My Home Page
 
  Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Kuwait- Gold price rises to $1,319/ounce  Join our daily free Newsletter

MENAFN - Arab Times - 14/04/2014
No. of Ratings : 0
Add to Mixx!


(MENAFN - Arab Times) The week gold trades ended with the price at 1,319 per ounce, 20 higher as compared to the opening rate, according to a report by Sabayik Al-Kuwait a precious metals trading company. Bullish trend of the gold prices came contrary to analysts' forecast, particularly after the precious yellow metal broke the psychological barrier of 1,300 per ounce, amid contradictory reports about forthcoming measures by the US Federal Reserves as to shoring up the economy



Currnt conditions in the euro came in favor of the gold, re-luring liquidity, with investors' desire to heighten earnings after losing confidence in the international markets. The report forecast continuous bullish trend by the gold in the near future due to bearish trend of the US dollar vis a vis the other major hard currencies, thus it may settle at 1,350 per ounce next week. As to silver, the rate settled at 20.2 per ounce. Other precious metals followed the gold suit keeping rates upwards

 
 


Arab Times




Loading, Please wait....


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Search News
Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help