07:55
حنين الحياة
Prior to the announcement of the US inflation figures-consumer price index-and the contents of the last meeting of the Federal Reserve in which he raised the interest rate for the first time this year. Gold prices are still sticking to their shoes, which stretched to $1346 per ounce waiting for any new. The weakening of the US dollar, backed by the Trump policy, has contributed to the gains of yellow metal, with the US dollar index DXY and which measures the performance of the US dollar against a basket of six competing jobs to the level of 89.50 after the gains of the index to 90.51 up to its top two weeks ago.
The losses of the dollar increased after the announcement of weaker figures than expected for US jobs at the end of last week's dealings and statements by the Federal Reserve Governor Jerome Powell who did not come again where the official repeated the bank's supportive policy to gradually raise interest rates and did not address the trade crisis Between the United States and China and not the turmoil of the stock markets. It must be borne in mind that the retaliatory actions of the United States of America and China have been aggravated by the imposition of customs duties on both sides. It will increase anxiety in financial markets and investor concerns and thus increase gold gains because it is one of the most important investor-safe havens.
Technically: Gold prices today will be in procurement opportunities if they move towards support levels of 1319, 1310 and 1300 respectively. On the upside, the most recent levels of resistance to gold are currently 1337, 1345 and 1365, respectively. We still prefer to buy gold from each downward regression.
At the level of economic data: yellow metal will be focused on the US dollar level, the announcement of the US consumer price index and the Federal Reserve meeting minutes. He will monitor the situation over the US-China trade crisis. Gold will also be influenced by the appetite of investors to take risks, and gold is one of the most important safe havens. The gold will be watched by renewed global geopolitical concerns about North Korea, the departure of Britain from the European Union or the economic policy of Trump.
