Gold Prices Turn BullishSource: www.export-egypt.com 11/16/2014, Location: Middle East |
|
|
|
|
|
Gold prices significantly rose reaching USD 1,189 per ounce at trades' closing the past week.
SABAYIKS Gold Kuwait company said in a report issued on Sunday that previous forecast anticipated that the gold price would fall to USD 1,146 per ounce, however it rebounded, gaining USD 21. Hefty purchase of the precious metal by investment portfolios and drop of the USD rate vis as vis European currencies are some of the factors that nudged the price to move down. The report indicated that the gold price might conclude the current year at the level lower than USD 1,200 per ounce. It also speculated that it might cross the USD 1,100 barrier, citing other factors behind the anticipated bearish trend, such as Asian markets' abstention from purchase and US schemes to stimulate the economy. |
|
|
Financials and Investment News in Kuwait >> |
 |
|||||
|
Egypt >> 11/21/2024 - An International Monetary Fund (IMF) mission led by Ivanna Vladkova Hollar wrapped up in-person discussions with Egyptian authorities in Cairo regardi...
|
Egypt >> 11/21/2024 - The Engineering Export Council of Egypt (EEC) revealed that engineering industry exports increased by 25.6 percent from January to September, reaching...
|
|
Egypt >> 11/20/2024 - Prime Minister Dr. Mostafa Madbouly held a meeting this morning at the government headquarters in the New Administrative Capital with Mr. Chang Won Sa...
|
Egypt >> 11/20/2024 - Egyptian Prime Minister Moustafa Madbouly, with Mahmoud Esmat, Minister of Electricity and Renewable Energy Minister, and Sultan Al Jaber, UAE Ministe...
|
|
Egypt >> 11/20/2024 - Egypt and Australia have seen a significant surge in their bilateral trade relationship, with the trade volume increasing from $270 million in 2015 to...
|
Egypt >> 11/20/2024 - Egyptian Prime Minister Moustafa Madbouli chaired the Cabinet’s weekly meeting in the New Administrative Capital.
The Cabinet is set to add... |
| Kuwait Oil & Gas 1 >> 2 | 3 | 4 | 5 | |
