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Gold Rises On Dollar Weakness

Gold prices inched higher on Wednesday as the dollar weakened despite renewed concerns about the U.S.-China trade war.

Spot gold was up 0.55 percent at $1,203.28 an ounce while U.S. gold futures were up by 0.4 percent at $1,207.90 an ounce.

The U.S-China trade conflict looks set to escalate after China said it would retaliate by imposing tariffs on $60 billion worth of U.S. goods, effective September 24th.

The Chinese tariffs will reportedly range from 5 percent to…

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Eurozone Construction Output Rises At Slower Pace

Eurozone construction output grew at a slower pace in July reflecting contraction in civil engineering, Eurostat reported Wednesday.

Construction output rose 0.3 percent month-on-month, slower than the 0.7 percent increase in June. This was the fourth consecutive rise in production.

Building construction advanced 1.9 percent, while civil engineering fell 4.4 percent in July.

On a yearly basis, production in construction advanced 2.6 percent, following June's 3…

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HIBISCUS EXPORT DATA

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Started by amarendra sharma in Brooklynne Members Discussions 36 minutes ago. 0 Replies

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