CHICAGO, Feb. 23 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange rose on Thursday after the release of the Federal Open Market Committee (FOMC) meeting minutes.
The most active gold contract for March delivery rose 18.1 U.S. dollars, or 1.47 percent, to settle at 1,251.40 dollars per ounce.
The meeting minutes from the February FOMC are in and investors are seeing hints at a rate hike "fairly soon" which is not as optimistic as they had originally anticipated, given the recent data.
Investors believe the Fed may raise rates from 0.75 to 1.00 during the May FOMC meeting at the earliest. According to the CME Group's Fedwatch tool, the current implied probability of a hike from 0.50 to at least 0.75 is at 22 percent at the March meeting and 52 percent for the May meeting.
Gold was given extensive support as the U.S. Dollar Index fell by 0.25 percent to 101.07 as of 1805 GMT. The index is a measure of the dollar against a basket of major currencies. Gold and the dollar typically move in opposite directions, which means if the dollar goes up, gold futures will fall as gold, measured by the dollar, becomes more expensive for investors.
The precious metal was prevented from rising further as the U.S Dow Jones Industrial Average rose by 37.98, or 0.18 percent as of 18:06 GMT. Analysts note that when equities post losses, the precious metal usually goes up, as investors are looking for a safe haven, while the opposite is true when U.S. equities post gains.
Investors are waiting for the new home sales report due on Friday, and several key economic reports due next week. The durable goods orders report is due Monday, gross domestic product and international trade in goods is due Tuesday, personal income and outlays is due on Wednesday, weekly jobless claims is due on Thursday, and Friday will see several Fed officials giving speeches, including Fed Chair Janet Yellen.
Silver for March delivery rose 16.7 cents, or 0.93 percent, to close at 18.117 dollars per ounce. Platinum for April delivery added 9.2 dollars, or 0.92 percent, to close at 1,011.90 dollars per ounce. Enditem
In Accounting Cheap Kris Russell Hat , ERP is the phrase for enterprise resource planning and it can be defined as a database software package that provides support to all business processes and operations such as production, marketing Cheap Wayne Gretzky Hat , finance, human resources and so on. A number of accounting software applications are available for small business organizations in Saudi Arabia.
Some are designed for specific industries like construction and professional services Cheap Connor McDavid Hat , while others are designed for specific businesses with varying degrees of functionality. In addition, buyers will have to consider which integration method is most cost-effective for their company. Thousands of small businesses are looking for help choosing the most appropriate accounting software solution for their business.
Some of these buyers are just getting started Cheap Leon Draisaitl Hat , while others are looking to replace outdated or problematic software. So here is a good opportunity for all of them to go with 9 which is one of the best accounting software and VAT solution for small businesses at the best possible price in Saudi Arabia. With help of 9 software, you can easily manage all the accounts Cheap Ryan Nugent-Hopkins Hoodie , finance, payrolls Cheap Oscar Klefbom Hoodie , sales and much more.
Recently, the General Authority of Zakat & Taxation (GAZT) & Federal Tax Authority (FTA) has accredited 9 accounting software as one of the best VAT solutions for small businesses. You can allow our experts to manage all your accounts on Annual Maintenance Contract (AMC) and ask for reports simultaneously.
To know more information on ERP accounting software for small business in Saudi Arabia Cheap Kailer Yamamoto Hoodie , please get in touch with our team of experts on 00966-583117703 or visit our website at Total Views: 45Word Count: 262See All articles From Author As a parent your biggest responsibility is to prepare your child for the future , physically emotionally and mentally.
The first big Intellectual Challenge your child will face is the Entrance Test for KG and later for the First Standard . Every parent will feel anxious.
We know that a child is born with a million of brain cells called Neurons and they form connection to each other called synapses. You can make the synapses strong by providing your child with a variety of Input & Experiences. If this is not provided at an early age we lose an important learning opportunity.
The early years are most important. Children who are well prepared at home are more confident Cheap Mark Letestu Hoodie , enthusiastic, and involved at school. Children who have not received these vital inputs tend to be more withdrawn and less involved. Children are natural learners. They need to be stimulated with a wide variety of inputs.
Preparation begins at home right from the time your child is born .
A rich and diverse learning experience will help to create a complete and well developed personality.
This is the best way to prepare your child for success in school. Don't you think so?