Gold glides off six-week high
2017-01-11 15:10:48 GMT (Economies.com)
Gold glides off six-week high

Gold prices fell on Wednesday away from a six-week high as the dollar inched up ahead of U.S. President-elect Donald Trump's press conference, expected to reveal new economic stimulus measures that could push the dollar higher.
 
Gold last traded at $1,183.4 an ounce, down from the opening price of $1,186.1, with an intraday low at $1,181.7, and a six-week high at $1,191.3.
 
Gold prices rose earlier in the session to a six-week high as commodity demand and optimism rose in the markets, while gold returned lower as the dollar edged up ahead of Trump's speech.
 
Markets expect Trump talk about his stimulus plans and infrastructure spending and corporate tax cuts, which helped stocks and the dollar rise today.
 
Market optimism and dollar's rise nudged the yellow metal lower on profit-taking after climbing for two weeks, with investors readjusting their positions.

 
 
 
 SymbolLastChangeChg.%
1.0562
-0.00
-0.17
1.2462
-0.01
-0.73
18.38
0.19
1.04
54.04
-0.34
-0.62
1257.20
7.83
0.63
 
Forex News
 
 
USD to Arab Currencies
Yemen249.9500
UAE3.6720
Tunisia2.2933
Syria514.9800
Sudan6.3997
Saudi Arabia3.7499
Qatar3.6407
Oman0.3845
Morocco10.1008
Libya1.4263
Lebanon1512.0000
Kuwait0.3050
Jordan0.7075
Iraq1181.0000
Egypt15.7500
Bahrain0.3765
Algeria109.9290