04 Feb 2023
DiamondWorld Directory
-
Home |
News
Home
Gold reaches almost three-week low after Fed shows possibility of interest rate hike
In India, gold futures today fell 0.98%
By: Diamond World News Service
|
Oct 30 2015 9:02AM
|
Reference: 12180  

DecreaseIncrease
With the US Federal Reserve indicating a possible rise in interest rates in December, gold reacted with a dip reaching almost reaching its three-week low level. Spot gold stood at around $1,146.26 an ounce, being steady (it had touched a three week-low in the previous session at $1,144.20 an ounce). In India, gold futures today fell 0.98 per cent to Rs. 26,808 per 10 grams.

There is a possibility of gold performing its worst week in two months, as per reports. * Bullion dipped 1.4 percent in the week, falling the sharpest since the week ending august 28, as per reports. Also, the dollar strengthening to a 2-1/2-month high recently also affected gold. The Fed noted that the interest rate hike in its next meeting would depend on progress made on employment and inflation, and did not take into consideration any reference to global developments affecting US economic activity, as per reports.

Follow DiamondWorld on Instagram: @diamondworldnet
Follow DiamondWorld on Twitter: @diamondworldnet
Follow DiamondWorld on Facebook: @diamondworldnet
Have Your Say
* Your view
* Name:
* Email:
* Town/city:
* Country/State:
*  Company:
 
*  Name:
 
*  Mobile:
 
*  Email:
 
 
Subscribe for DiamondWorld weekly Newsletter
 
Advertisement
DWWeeklypost
Search News by City
Advertisement
DWsubscription
Recent Issue
2022
AVAILABLE NOW...!
News in Pictures
Videos
Young Diamantaires
Pictures: 16
Stunning Jewellery from Cannes 2019
Pictures: 24
Sparkly Jewels at Oscars 2019
Pictures: 19
Golden Globes 2018
Pictures: 15
Spotted: Who Wore What (December 2018)
Pictures: 4
India Diamond Week
Pictures: 8
Spotted: Who Wore What (October 2018)
Pictures: 7
Spotted: Who Wore What (September 2018)
Pictures: 6
70th Emmy Awards
Pictures: 11
35th India International Jewellery Show 2018
Pictures: 46
JJS - IJ Jewellers Choice Design Awards 2015 powered by GIA
Views: 32442
Diamond World Expert Hour with Evgeny Agureev, Deputy CEO, ALROSA
Views: 10146
GJEPC Chairman Interview
Views: 28524
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 40031
Promo for IJ Awards 2012 at NDTV Profit
Views: 57667
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 69196
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 22192
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 51376
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 53763
Advertisement
DW News App
Member of:
Supporter of: