collected by :Irax John
PRECIOUS-Gold pares gains as $ comes off lows on united states data. * $ pares losses on powerful united states service sector information * Markets have largely priced in federal average hike in December (Updates prices, adds comment, adds NY to dateline) with Renita D. Young & Maytaal Angel fresh YORK/LONDON, Oct four (Reuters) – Gold pared gains on Wednesday as the united states $ came off its lows on powerful information from the united states service sector index.
Having touched its lowest ever mid-August on Tuesday, spot gold was up 0.2 % at $1,274.41 per ounce with 2:25 p.m. EDT (1825 GMT).
A weaker $ makes dollar-priced gold cheaper for non-U.S. investors.
The united states $ pared its losses after information showed a service sector index increasing to its top standard in further than twelve years.
The sister metals, widely used as autocatalysts, chock value parity for the 1st time in 16 years final week.
CANADA FX DEBT-C$ makes gains ahead of jobs, trade information as united states $ eases
At 4:00 p.m. the Canadian $ was trading at C$1.2477 to the greenback, or 80.15 united states cents, up 0.1 percent.
Madhavji foreseen the currency to hold near current standards until the Fed spare or the Bank of Canada offers best clarity on their following move.
Canadian Gov bond prices were mixed across the yield curve.
The two-year value inched drop 1.5 Canadian cent to yield 1.532 % & the 10-year gained lost seven Canadian cents to yield 2.122 percent.
(Reporting with Solarina Ho & Fergal Smith; Editing with Susan Thomas & Grant McCool)
Gold turns up from 7-week low as united states $ pares gains
ReutersBy Renita D. Young & Peter HobsonNEW YORK/LONDON, Oct three (Reuters) – Gold on Tuesday rose above a seven-week low as the united states $ came off its highs.
Gold had earlier touched $1,267.76, its lowest ever Aug. 15 & drop further than six % from a one-year high of $1,357.54 in early September.
A powerful $ typically makes gold further costly for holders of other currencies, When higher bond yields lower the appeal of non-yielding gold.
“The factors which pushed gold towards $1,360 in early September are this day reversing,” Julius Baer analyst Carsten Menke said.
Menke told he foreseen a strengthening $ & normalization of speculative positioning to push gold to $1,200 an ounce with the finish of the year.