06:55
حنين الحياة
Gold price is still under the pressure of the US dollar.
Gold prices fell slightly on the European market on Thursday to continue their losses for the second straight day, under the pressure of the dollar's performance. American versus a basket of global currencies, backed by the large rise of long-term American bond returns.
Gold prices fell by 0.1% until:@@ GMT to deliberate at the level of $1321.95 of the level of the $1322.63, and recorded the highest level of $1326.53, and the lowest level of $1321.23.
Yesterday, the gold price lost 0.5% in the fourth loss in the last five days, registering the lowest level in five weeks $1318.73 of the United States, by the large rise of the US dollar, and the fall of most of the prices of minerals priced in the US currency.
The dollar index on Thursday scored the highest level in four months at 91.10 points, reflecting the continuing strong performance of the US currency versus a basket of global currencies, which still constitutes a negative pressure on most metal prices.
The strong ascent of the US currency comes at the current period, amid investor focus on the underlying factors that support the dollar, especially with the erosion of concerns on geopolitical risks and global trade tensions, the most important of these factors now is the high yields of long-term bonds in the States .
American Bond returns "class ten years" continued on Wednesday their eighth consecutive day, and recorded level of 3.035%, which is the highest level since January of January 2014, and decreased by 2 basis points on Thursday within correction processes.
Gold holdings of the SPDR Gold Trust, the world's largest gold-supported indicator funds increased yesterday by 5.31 tonnes. Metric, in the first increase in about two weeks, to total up to 871.2 metric tons, the highest level since 30 November November 2016.
