e-magazine
The Hot Zone
China's newly announced air defense identification zone over the East China Sea aims to shore up national security
Current Issue
· Table of Contents
· Editor's Desk
· Previous Issues
· Subscribe to Mag
Subscribe Now >>
Expert's View
World
Nation
Business
Finance
Market Watch
Legal-Ease
North American Report
Forum
Government Documents
Expat's Eye
Health
Science/Technology
Lifestyle
Books
Movies
Backgrounders
Special
Photo Gallery
Blogs
Reader's Service
Learning with
'Beijing Review'
E-mail us
RSS Feeds
PDF Edition
Web-magazine
Reader's Letters
Make Beijing Review your homepage
Hot Links

cheap eyeglasses
Market Avenue
eBeijing

Latest
Special> Global Financial Crisis> Latest
UPDATED: March 18, 2009
Gold Falls for Second Session as Economy Sentiment Eases
Gold price for April delivery was down 5.20 U.S. dollars, or 0.6 percent, to settle at 916.80 dollars an ounce
Share

Gold futures on the COMEX Division of the New York Mercantile Exchange declined for the second straight day Tuesday on speculation that the economy turmoil eased as stock market bounced continuously, further reducing gold's safe-haven appeal. Silver ended lower too, while platinum rose slightly.

Gold price for April delivery was down 5.20 U.S. dollars, or 0.6 percent, to settle at 916.80 dollars an ounce. May silver closed at 12.67 dollars per ounce, losing 22 cents. April platinum gained2.40 dollars to 1,051.80 dollars per ounce.

The Commerce Department reported that U.S. housing starts rose 22 percent to an annual rate of 583,000 in February from a revised January estimate of 477,000. It was the first increase in recent eight months, while economists had expected it to fall to 450,000 from the 466,000 originally reported for the previous month.

Sparked by the unexpectedly strong housing data, the U.S. Stock market in New York soared to a new 4-week closing high as the Dow industrials climbed 2.5 percent on Tuesday, reducing not only investors' sentiments on economy crisis but also the safe-haven appeal of the precious metal.

The Federal Open Market Committee opened its two-day meeting and a rate decision is expected to be made on Wednesday, which is widely anticipated to be unchanged at a range of zero to 0.25 percent.

(Xinhua News Agency March 18, 2009)



 
Top Story
-Protecting Ocean Rights
-Partners in Defense
-Fighting HIV+'s Stigma
-HIV: Privacy VS. Protection
-Setting the Tone
Most Popular
 
About BEIJINGREVIEW | About beijingreview.com | Rss Feeds | Contact us | Advertising | Subscribe & Service | Make Beijing Review your homepage
Copyright Beijing Review All right reserved