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19.12.2018 02:20
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CHICAGO Nike Air Max 2018 Shoes Sale , June 15 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange fell sharply on Thursday, as the U.S. dollar strengthened following the U.S. Federal Reserve's decision to raise its benchmark interest rate the previous day.

The most active gold contract for August delivery fell 21.3 U.S. dollars, or 1.67 percent, to settle at 1,254.60 dollars per ounce, which reached a three-week low.

As widely expected, the U.S. Federal Reserve on Wednesday raised the benchmark interest rate to 1 to 1.25 percents and unveiled plan to start trimming its balance sheet.

The rate hike, along with indication of further tightening, has built on a retreat of gold prices since Wednesday afternoon, while lifting the value of U.S. dollar.

The U.S. dollar Index went up by 0.57 percent to 97.50 as of 1743 GMT. The index is a measure of the dollar against a basket of other major currencies. When the dollar goes up, gold futures will fall.

As for other precious metals, Silver for July delivery dropped 42 cents, or 2.45 percent, to close at 16.716 dollars per ounce. Platinum for July delivery went down 30.6 dollars, or 3.21 percent, to close at 921.30 dollars per ounce.

SINGAPORE, Feb. 6 (Xinhua) -- Singaporeans who will be giving out hongbaos, or red packets, during the Chinese New Year festive season have on average a budget of 817 Singapore dollars (605 U.S. dollars), according to a latest survey.

The figure for the Year of the Goat, based on the survey by the United Overseas Bank (UOB), is 13 percent higher than the average of 722 Singapore dollars for the Year of the Horse (535 U.S. dollars).

In Singapore, where most of the Chinese community had their roots in southern China, hongbaos are traditionally handed out by married couples during Chinese New Year to single adults, children and parents as a token of good luck. The amount given largely depends on the kind of relationship.

The bulk of the hongbao budget will be going to parents and parents-in-law, with each expected to receive 209 Singapore dollars and 174 Singapore dollars per person, respectively. Among other top recipients, grandparents are expected to account for 103 Singapore dollars of the budget, spouses account for 191 Singapore dollars, siblings 98 Singapore dollars, and children, nephews and nieces 97 Singapore dollars.

About 67 percent of those who expect to receive hongbaos said they would save the money, 9 percent would use it to pay off debts and another 9 percent would invest it. About 2 percent said they would donate it to charity.

Overall, Singaporeans plan to set aside an average of 2,345 Singapore dollars (1,737 U.S. dollars) for spending during the Chinese New Year, down 8 percent year on year. Aside from the 817 Singapore dollars for red packets, an average of 429 Singapore dollars will be spent on travel, 282 Singapore dollars on reunion dinners and 255 Singapore dollars on new clothes.

The bank said the lower overall budget may be a reflection of consumer sentiment. Almost 60 percent of respondents said they expected the economic situation to stay the same, and 27 percent expected the situation to decline.

RIO DE JANEIRO, Aug. 20 (Xinhua) -- Following is the result of basketball women's gold medal match at the Rio Olympic Games here on Saturday:

United States 101, Spain 72

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