Profit taking: Gold loses 1%, and the rise of chip manufacturing companies raises the levels of Standard & Poor’s and Nasdaq
Capitals, January 16 / WAM / Gold fell by more than 1% today amid profit taking after unprecedented levels, while the Standard & Poor’s 500 and Nasdaq indices opened today.
On the rise as chip manufacturing companies return to leading positions.
By 1548 GMT, gold in spot transactions fell 1 percent to $4,567.89 per ounce, but…
It is on track for its second consecutive weekly gain after hitting an all-time high of $4,642.72 on Wednesday.
US gold futures for February delivery fell 1.1 percent to $4,570.90.
Demand for gold in India remained weak this week
With prices reaching new record levels, gold was trading at a higher price in China with stability
Order before Lunar New Year.
As for other precious metals, silver decreased in transactions
Spot rose 4.5 percent to $88.14 an ounce, but it is heading towards achieving
Weekly gains of more than 10 percent after hitting its highest level
Launching at $93.57 in the last session.
Platinum in instant transactions fell 4.7 percent to $2,296.75
per ounce, but it is heading towards achieving weekly gains. Palladium fell 3.1
percent to $1,744.95 per ounce.
With the return of chip manufacturing companies to leading positions in…
A volatile week…the Standard & Poor’s 500 and Nasdaq indices opened today
On the rise. The Dow Jones Industrial Average rose by 24.3 points, or 0.05 percent.
When opening to 49466.7. The Standard & Poor’s 500 index rose by
16.1 points, or 0.23 percent, to 6960.54, while the Nasdaq index increased
The complex rose 109.7 points, or 0.47 percent, to 23,639.687.
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