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Gold rises slightly in first days of new year
Finance
- 03 January, 2017
- 10:34
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Baku. 3 January. REPORT.AZ/ Gold price in COMEX up by 2.20 USD or 0.19% in comparison with previous closing to reach 1153.90 USD/ounce at 12:00 Baku time.
Report informs, gold price even hit 1 159.10 USD/Ounce during the day.
OCBC economist Barnabas Gan told Bloomberg TV, rising interest rate will strengthen US dollar and put pressure on the gold.
“2017 will probably be a year of uncertainty. We forecast decline of gold price, but the decline will be slow in first half of the year”.
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