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CHICAGO Alex Cappa Jersey , March 25 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange rose on Wednesday as the U.S. dollar weakened amid lower U.S. equities.
The most active gold contract for April delivery rose 5.6 U.S. dollars, or 0.47 percent, to settle at 1,197.00 dollars per ounce.
Gold gained strength as the U.S. dollar index, a measure of the dollar against a basket of major currencies, fell by 0.36 percent to 96.88 in the midday session. The dollar decreased against the euro after German consumer sentiment data came out stronger than expected.
Gold and the dollar typically move in opposite directions M.J. Stewart Jersey , as a stronger greenback will make dollar-denominated gold futures more expensive for investors, hurting the bullion's appeal.
Gold was buoyed as U.S. stocks extended losses on Wednesday, after data showed that U.S. manufacturing sector remains weak.
New orders for manufactured durable goods in February unexpectedly decreased 3.2 billion dollars, or 1.4 percent, to 231. 3 billion dollars, well below market expectations of a modest gain Ronald Jones II Jersey , the U.S. Commerce Department said Wednesday.
Silver for May delivery rose 1.7 cents, or 0.10 percent, to close at 17 dollars per ounce. Platinum for April delivery added 5 dollars, or 0.44 percent, to close at 1,146.50 dollars per ounce.
BEIJING Ali Marpet Jersey , March 25 (Xinhua) -- China's loan for agriculture stood at 23.6 trillion yuan (3.84 trillion U.S. dollars) in 2014, up 13 percent year on year, according to a central bank's report released on Wednesday.
The volume took up 28.1 percent of the country's year-round total loans, and its growth rate is 0.7 percentage point higher than the average growth speed of other loans, the People's Bank of China (PBOC) said.
Lu Lei, head of the PBOC's research department Donovan Smith Jersey , said the two cuts to reserve requirement ratio (RRR) have greatly boosted development in rural areas.
The RRR was cut twice last year for banks engaged in lending to agriculture, by 2 percentage points in April and 0.5 percentage points in June.
The central bank will encourage commercial banks to provide more credit to small businesses without a sharp expansion in total loan volume.
Lu said supporting rural finance should include payment and settlement networks, rural bank cards, property records and mobile connectivity.
"One of the major problems is lack of information and Internet,necessary in developing modern agriculture," Lu said.
More institutions and companies are expanding their coverage to achieve mobile transactions without banks or ATMs Vernon Hargreaves III Jersey , he said.
"Fewer outlets cut costs for both institutions and customers." Lu explained. "This will boost Internet finance."
He said there is no conflict between traditional financial institutions and Internet enterprises.
Home > Home SecurityBest Home Security systems available at Securakeyplus
Posted by securakeyplus in Home on June 22nd, 2015
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