Gold struggles to compete with yieldbearing assets in periods of
Runescape 2007 Gold raising interest rates. On Wednesday, the U.S. Department of Commerce said in a monthly report that durable or longlasting goods orders dipped by a seasonally adjusted 1.4% for the month of February. Orders for January were also revised downward to a 0.
Decline for the month. As a result, investment spending by U.S. businesses has dropped for six straight months.The soft data weighed on the dollar, as the U.S. Dollar Index fell slightly by 0.30% to 97.14 in U.S. afternoon trading. The index measures the strength of the greenback against a basket of six other major currencies.
Dollardenominated commodities such as gold become less expensive for foreign purchasers in periods of a weaker dollar.In New Delhi, prices for 24carat gold rose 0.23% to Rs 26,690 per 10 G. The modest price gains come days after International Monetary Fund Christine Lagarde said that the Indian economy for fiscal year 20152016 is expected to grow at a higher rate than China.
The Asian nations are the two largest purchasers of
Buy Runescape 2007 Gold gold in the world, representing more than 50% of all global purchases.Elsewhere, silver futures for May delivery inched up 0.010 or 0.06% to 16.99 a troy ounce.Copper futures for May delivery fell 0.011 or 0.37% to 2.793 a pound. Earlier this week, copper reached a threemonth high at 2.
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