Equity world : GOLD PRICES October 19, China's economic growth is stagnant, Spot Turn Weakened

Equity world

Gold Comex price movements observed continued strengthened in trade this morning, Monday (19/10/2016), in line with the weakening of the U.S. dollar.

The price of gold Comex contract December 2016, today opened a thin ride 0.08% or 1 point to US $ 1,263,90 per ounce.

Then at 7:24 PM GMT, the price movement of gold strengthened 0.11% or 1.40 points to US $ 1.264 .30.

On trade Selassa (18/10/2016), gold Comex closed with a gain of 0.50% or 6.30 points to US $ 1.262,90 per ounce.

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Meanwhile, the U.S. Dollar Index, tracking the movement of the dollar against a number of major currencies this morning observed weakening 0.11% or 0.108 points to 97.787 at 08 pm.

The weakening of the dollar occurred after U.S. core inflation data in September rose a smaller than expected so as to encourage the traders reduced the prediction of a rise in interest rates by The Fed this year.