Gold continue on consolidating for a second day in New York
ecPulse
2014-07-22 18:13PM UTC
For a second day and amid overall global mounting tensions the yellow precious metal is currently narrow trading in New York after that last week a Malaysian Air passenger jet was downed in Ukraine and Israel continues on brutally attacking Gaza Strip with more and more innocent kids killed. Once again it is indispensable to mention that Gaza Witness Bloodiest Day in 3 Weeks while that Hamas Claims Capture of an Israeli Soldier but the amount of Palestinian kids and women that are targeted by the Israeli army is the major reason of almost millions of people protesting across the world. In fact more than 425 Palestinian were killed while only 18 soldiers were killed on the Israeli side and more than 2763 wounded on the Palestinian sided and 112 kids and women killed while none of the civilians were killed or even wounded on the Israeli side. Otherwise today on the U.S soil U.S. consumer prices rose in June but at a slower pace, boosted by the biggest jump in gasoline prices in a year, the latest indicator of firming inflationary pressures across the U.S. economy. The consumer price index increased 0.3 percent after a 0.4 percent gain the prior month, matching estimates by Bloomberg, figures from the Labor Department showed today in Washington. Accordingly mixed sentiments are invading the commodities market and the gold is trading around $1306.00 a barrel recording a high of $1315.60 a barrel and a low of $1301.80 a barrel.
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