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User_gary Posted 16 years ago
Vocabulary
Two months low, 1 month low
Gold prices tumbled to a two-and-a-half month low by slipping Rs 340 per ten grams to Rs 17,725 on the Bombay bullion market in the early trade due to persistent stockists offerings, triggered by a sharp fall in the global markets.
Silver, too, declined sharply to open at 1-1/2 month low on lack of demand from industrial users coupled with fall in the overseas market.
Gold for August delivery fell to three-month low by USD 25.10 to USD 1,158 an ounce yesterday on the Comex Division of the New York Mercantile Exchange. It was gold's lowest level since April 26 and its biggest one-day decline since July 1.
Please explain to me what they mean by "some months low" in this context.
Source : http://timesofindia.indiatimes.com/business/india-business/Gold-tumbles-to-Rs-17725-per-10-gm/articleshow/6227490.cms
Silver, too, declined sharply to open at 1-1/2 month low on lack of demand from industrial users coupled with fall in the overseas market.
Gold for August delivery fell to three-month low by USD 25.10 to USD 1,158 an ounce yesterday on the Comex Division of the New York Mercantile Exchange. It was gold's lowest level since April 26 and its biggest one-day decline since July 1.
Please explain to me what they mean by "some months low" in this context.
Source : http://timesofindia.indiatimes.com/business/india-business/Gold-tumbles-to-Rs-17725-per-10-gm/articleshow/6227490.cms
Top answer
"two-and-a-half month low" = the lowest price for two and a half months "1-1/2 month low" = the lowest price for one and a half months etc.
- "two-and-a-half month low" = the lowest price for two and a half months "1-1/2 month low" = the lowest price for one and a half months etc.
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3 Answers
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"two-and-a-half month low" = the lowest price for two and a half months
"1-1/2 month low" = the lowest price for one and a half months
etc.
"1-1/2 month low" = the lowest price for one and a half months
etc.
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Thank you Wordy.
I cannot get it properly.
Does that mean "lowest price in the last two and half a months"?
I cannot get it properly.
Does that mean "lowest price in the last two and half a months"?
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