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CHICAGO, Dec. 22 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange fell on Thursday on stronger U.S. gross domestic product (GDP) data and a stronger U.S. dollar.


The most active gold contract for February delivery fell 2.5 U.S. dollars, or 0.22 percent, to settle at 1,130.70 dollars per ounce.


A better-than-expected U.S. GDP report released by the U.S. Department of Commerce was released on Thursday, showing real GDP growing by 3.5 percent during the third quarter of 2016.


Analysts note that this was above the expectations, with agricultural exports above normal. This report put pressure on the precious metal as investors took this as a positive long-term sign for U.S. economic growth.


Gold was put under further pressure as the U.S. Dollar Index rose by 0.11 percent to 103.11 as of 1830 GMT. The index is a measure of the dollar against a basket of major currencies. Gold and the dollar typically move in opposite directions, which means if the dollar goes up, gold futures will fall as gold, measured by the dollar, becomes more expensive for investors.


The precious metal was prevented from falling further as the U.S. Department of Labor released its weekly jobless report on Thursday showing worse-than-expected jobless claims. Initial claims increased by 21,000 to 275,000 during the week of December 17th. Analysts note that the figures in this report were largely unexpected by the market, as U.S. employment data.


A report released on Thursday by the U.S. Department of Commerce showed durable goods orders within expectations, falling by 4.6 percent during the month of November. Analysts note extensive strength in defense aircraft and communications equipment, which boosted the headline figure. The precious metal likely was put under a slight amount of pressure from this report.


Silver for March delivery fell 10.8 cents, or 0.68 percent, to close at 15.871 dollars per ounce. Platinum for January delivery dropped 7 dollars, or 0.77 percent, to close at 907.40 dollars per ounce.




LAGOS, Dec. 6 (Xinhua) -- Nigerian President Muhammadu Buhari will on Dec. 14 address a Joint Session of the National Assembly on steps being taken to steer the nation out of recession, the country's Senate said Tuesday.


President of the Senate Bukola Saraki, who announced this at the floor of the upper chamber in Abuja, said the Nigerian leader will also present the 2017 budget proposal to the National Assembly.


Nigeria's economy officially entered recession in September. Figures recently released by the National Bureau of Statistics further showed a weak macroeconomic performance when the Gross Domestic Product (GDP) in real terms contracted by 2.24 percent year-on-year in Q3.


Recession, which is a major decline in sector-by-sector economic activities lasting more than a few months, is technically indicated by two consecutive quarters of negative economic growth as measured by the country's GDP.


The present recession has left Nigeria with a bevy of recalcitrant problems, which range from surging inflation to depleted foreign reserves and weaker Naira. The oil sector, which is Nigeria's mainstay, is dented by the vagaries of global oil price, the drop in local production of crude oil and the violent activities of militants in the southern region of the country.

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PARIS Nike Air Max 90 Ultra Flyknit , Nov. 26 (Xinhua) -- Russia have accepted the full suspension from athletics over widespread doping without requesting a hearing, announced the sport's world governing body IAAF after Thursday's council meeting in Monaco.


Two weeks ago, the All-Russian Athletics Federation (ARAF) received the most severe punishment ever handed out by IAAF Nike Air Max 90 Ultra Moire , to be suspended from all international competitions after the revelations by the World Anti-Doping Agency (WADA) earlier this month.


Under the suspension, all Russian athletes and support staff will be forbidden to participate in any international events including World Athletics Series competitions and the Olympic Games.


""Council was informed that written confirmation had been received from ARAF accepting their full suspension without requesting a hearing as was their constitutional right,"" read a statement by IAAF on Thursday after its council meeting chaired by president Sebastian Coe.


""ARAF confirmed they understood that Council would only accept their reinstatement as an IAAF Member Federation following the recommendation of the IAAF Inspection Team who will decide if the verification criteria have been fulfilled.


""ARAF also confirmed they will cooperate fully and actively with the team Nike Air Max 90 Ultra SE ,"" said the statement, as all council members except Russia's Mikhail Butov and African Area Association representative David Okeyo of Kenya had attended Thursday's meeting.?


During the council meeting, Coe also briefed his colleagues that he's stepped down from his ambassador role with Nike Nike Air Max 90 Ultra 2.0 , keeps the role as chairman of sports marketing agency CSM, and will step down as Chairman of the British Olympic Association at the conclusion of the Rio 2016 Olympic Games, according to the statement.?

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MADRID Nike Air Max 90 Shoes , March 28 (Xinhua) -- Spanish poet Manuel Moya has found an inexhaustible treasure and source of inspiration in the works of some ancient Chinese poets who lived between 1,250 and 1,650 years ago.


"I believe I live a life similar to that of Tao (Tao Yuanming Nike Air Max 90 SE , 352365-427) in China's Jin dynasty," he has recently told Xinhua.


The grey-bearded 57-year-old never tried to hide his strong love for the famous ancient Chinese recluse and the other poets Wang Wei, Li Bai and Du Fu Nike Air Max 90 Flyknit , and openly emulates their styles, in both his works and life.


In fact, readers can easily recognize the Chinese philosophy of life and literary images in the more than 40 poems that make up Moya's collection "Imped. Cheap Jazz Jerseys Cheap Heat Jerseys Cheap Portland Trail Blazers Jerseys Cheap Philadelphia 76ers Jerseys Wholesale Paris Saint-Germain Jerseys Wholesale Liverpool Jerseys Wholesale Leicester City Jerseys Wholesale Juventus Jerseys Wholesale Real Madrid Jerseys Wholesale Inter Milan Jerseys
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