Gold prices took a dramatic U-turn on Monday, reversing early gains to drop to a two-year trough after bullion futures fell on fears about central bank sales and holdings on global.exchange-traded funds sank to their lowest in more than a year.
A dip below the psychological $1,500 an ounce level initially sparked bargain hunting, but stoploss selling took over after oil futures slipped and as investors bet the US Federal Reserve would soon end its bullion-friendly bond buying programme.
Gold hit an intraday high at $1,495.16 an ounce, but then plunged to $1,427.14, its lowest since
April 2011. It stood at $1,441.69 by 0335 GMT, down $36.66, and the metal has slipped around 14 per cent so far this year, after rising for the last 12 years. US futures for June delivery extended losses to fall more than 5 per cent as Tokyo gold futures tumbled around 8 per cent, marking Japanese futures biggest daily fall since September 2011.Other precious metals were also hit by heavy selling, with silver falling to its lowest since
.
Posts
10 comments:
Thanks for sharing this great piece of information. Do keep us update with some more great information.....
I appreciate your effort for giving such valuable tips for share market to all the traders. Please update some stock futures tips in your next post.
Ready for action on Go Exchange 9 betting? Choose Betting Dada, the best ID provider trusted for fast activation, secure service, and 24/7 support. Start your betting journey the smart way with Betting Dada!
a> href="https://www.bettingdada.com/online-betting-id/sky-exchange/">sky exchange bettingis a popular online platform known for offering secure and fast betting services on sports like cricket, football, and tennis. With real-time odds, a user-friendly interface, and 24/7 support, Sky Exchange provides a seamless betting experience for both beginners and pro bettors. Whether you're looking for live betting or pre-match odds, Sky Exchange ensures reliability and excitement with every wager.
silver exchange bettingSilver Exchange Betting is a popular online platform offering secure and fast betting experiences across various sports and casino games. With real-time odds and user-friendly features, it's a trusted choice for both beginners and experienced players.
SW888 Casino is your ultimate destination for thrilling online gaming and real money wins. Enjoy slots, live casino games, and exclusive bonuses with a secure and user-friendly interface. Join now and play with confidence at SW888 Casino
SW888 Casino https://mcwphilippines.com/sw888-casino/
covat hasatag
Experience the thrill of ID888 Slots, the ultimate destination for online slot enthusiasts! Enjoy a wide variety of slot games with stunning graphics, smooth gameplay, and big winning potential. Whether you're a beginner or a seasoned player, ID888 Slots offers exciting features, daily bonuses, and secure gaming for everyone.
ID888 Slots https://mcwphilippines.com/id888-slots/
Explore the thrill of d247 betting, a trusted platform offering 24/7 access to top betting markets and live odds. Whether you're into cricket, football, or casino games, d247 betting brings secure and seamless gameplay for every bettor.
d247 betting https://casinofunreview.com/d247-betting-platform-trusted-by-betting-dada-users/
Post a Comment