02:00
حنين الحياة
Gold prices on the European market fell on Friday to continue its losses for the second consecutive day, as the US dollar climbed against a basket of world currencies, in addition to weak investment demand for safe havens.
Gold prices fell by 0.3% by:@@ GMT to be traded at the $1341.94 level of the 1345.81 from the opening level, registering the highest level of $1346.29, and the lowest level of $1340.42.
Gold prices ended yesterday's low 0.3 percent, the first loss in three days, with most of the price of precious metals priced in US dollars.
The dollar index rose on Friday by 0.2 percent, continuing its ascent for the fourth straight day, registering the highest level in more than a week of 89.81 points, reversing the continuing ascent the U.S. currency versus a basket of world currencies, which presses negatively on the prices of metals and commodities denominated in dollars.
The rise of the US currency comes amid a 10-year high bond yield in the United States for the highest level in a month at 2.934%, amidst a decline in fears on trade tensions between the United States and China, as well as the announcement of the US administration's entry into direct talks with Korea North to end the Korean nuclear program crisis.
Gold holdings in the SPDR Gold Trust, the largest global indicator fund supported by gold, remained unchanged for the fifth consecutive day for a total of 865.89 metric tonnes, the highest level since 8 June June 2017.
