Saudi Arabia: Rising Gold Prices Threaten Some Factories With Closure Eurasia Review:
"The rising prices of gold during the past two weeks caused stagnation in the Saudi market, and pushed gold merchants to activate sales because factories didn’t halt their production, according to the National Committee for Precious Metals.
The price of the precious metal has registered the second weekly decline, while the dollar has recovered from its lowest value since seven weeks ago.
Speculation about the US Federal Reserve to reduce the bonds purchase program with a value of $85 billion a month was triggered by the low price of gold, which reached its lowest levels this week."
'via Blog this'
No comments:
Post a Comment