November 14, 2017
ma
Gold prices in the Asian market fell on Tuesday to resume their losses, which were temporarily interrupted yesterday in breathtaking operations, where prices are still under pressing high returns of US bonds short and long term, backed by strong odds to raise US interest rates mid-month The next.
Gold prices fell by about 0.2% until 05:25 GMT to deliberate at the level of $1276.50 of the opening level of $1278.15, registering the highest level of $1278.23, and the lowest level of $1275.45.
Yesterday's gold prices rose by about 0.2%, within breathtaking operations, after incurring a loss of 0.7% on Friday., with the largest daily loss since 26 October October, by the large leap in American bond yields for 10 years.
The American bond returns are traded for two years near the highest level in nine years, which is in its own language earlier in the day. Monday, the bond yields for the 10-year base period rose to 2.40% near the highest level in seven months.
A survey of the federal Federal Bank in New York showed the country's inflation outlook rising in October last October, registering its highest level in six months, it is in favor of signs of a rebound in inflation, in favor of the prospects of raising US interest rates for the third time this year during the middle Next month.
Federal Bank member Patrick Harker said on Monday that he expected to raise interest rates next month, although he warned bank on the pace of inflation in the country, he stressed that the central bank needed to be prepared for any future economic shock.
