07:38
حنين الحياة
Gold at its lowest levels in a week with a decline in demand
Gold prices dropped by the beginning of the week to open today's trading at its lowest level in a week, with US dollar levels recovering and demand for safe havens falling in favor of bond markets.
The return on U.S. government bonds saw a rise in the meeting today and scored its highest levels since January/January of 2014. This helps to pull trades from gold and commodity markets to bond markets that offer a return in reverse investment in gold.
Outlook has come back to the increase that the Fed may accelerate the pace of rising interest rates amid stable inflation rates and forecasts, which have caused a decline in demand for secure investment and increased demand for bond markets.
On the other hand, equity markets are backed by improved global corporate profits despite geopolitical tensions, which is weakening gold trading, on the other hand, as an investment alternative to stock markets.
Gold prices are currently traded at the level of $1333.62 for the ounce, after registering the lowest level at $1331.74 per ounce, and it opened today's meeting at the level of $1334.19 per ounce, registering the highest level at $1335.34 per ounce.
