Swissgold Logo

 
 
  • Home
  • About Us
    • Who we are
    • Mission Statement
  • Services
  • Account Opening
  • News & Events
  • Contact Us

January 06,2016

Gold Holds Week’s Gains as Fed Minutes Eyed Amid Dollar Strength

 (Bloomberg) -- Gold held its advance this week as investors eyed Federal Reserve minutes to be released on Wednesday, while the dollar stayed near the strongest level in more than a decade.

Bullion for immediate delivery traded little changed at $1,077.23 an ounce by 11:05 a.m. in Singapore, according to Bloomberg generic pricing. The metal climbed 1.6 percent in the past two days.
The Bloomberg Dollar Index, which tracks the currency against major peers, traded near the highest level since at least 2005 after increasing 1.1 percent since Dec. 25 through Tuesday. The Fed is scheduled to release minutes from its December meeting, at which policy makers boosted borrowing costs for the first time since 2006. Traders may get more insights into official thinking on what will drive subsequent rate increases.
“A stronger U.S. dollar crimped investor demand,” Australia & New Zealand Banking Group Ltd. analysts, including Daniel Hynes, wrote in a report.

Market Update

  • Precious Metals & FX
  • Bid
  • Offer
Note: Rates displayed here are not live, just for the information purpose and not for the trading.


  • Home
  • Services
  • Account Opening
  • News & Events
  • Contact Us
  • Privacy Policy
  • Disclaimer
Copyright © 2021 Swiss Gold DMCC. All rights reserved.