06:57
حنين الحياة
The gold price futures contract fell by nearly one percent during the US session to see them lower since March 21, March amid the US dollar has risen upward since January 15 January last year, according to the inverse relationship between them amid the scarcity of economic data today. Wednesday about the U.S. economy is the world's largest economy.
At:@@ pm GMT, futures for gold prices declined to deliver 15 June June. 0.74% for current trading at $1,323.20 the lowest explanation in the month compared with the opening at $1,333.00 of the ounce, amid the US dollar index rising by 0.43% to The 91.16 levels are explained above in more than three months compared to the opening at 90.77.
We would like to note that the high return on American long-term bonds of 10 years for the eighth consecutive day to 3.01% after their penetration 3% barrier on Tuesday for the first time since early 2014 following market concerns about trade tensions between the United States of America And China recently, especially with the growing supply of American debt coinciding with rising inflationary pressures as oil prices rise, it which successively supported the performance of the US dollar index and weighed heavily on the performance of the price of the gold futures in accordance with their inverse relationship.
Otherwise, markets are looking for what will result from the reading of durable goods orders for the month of March March on Thursday, which represents more than half of the spending US consumption, which accounts for more than two-thirds of the US gross domestic product (GDP), may show a slowdown in growth to 1.6% compared to 3.0% in February February The past, the substantial reading growth of the index itself slowed to 0.5% compared to 1.0% in February February.
Investors are also looking closely at the initial reading of the US GDP for the first quarter after Friday, which may reflect the slower growth the world's largest economy to 2.0% compared to 2.9% growth in the fourth quarter of 2017 and GDP growth decelerated to 2.2% Compared to 2.3% in the fourth quarter, which may reflect the industrial decisions and directions of the Federal Reserve Bank's monetary policy during the events of the Federal Open Market Commission meeting on May 1 and 2 next May by next week.
The gold holdings were stabilized by the S-P-D Gold Trust Fund, which is the world's largest gold-backed indicator fund on Monday Tuesday without a little change for the eighth straight day at a total of 865.89 metric tons, which is the highest since the eighth of June June of 2017, and mentions that district The fund's gold ores rose in 2017 by about 3%, 23.63 metric tons, while gold prices rose 13% in 2017.
