07:36
حنين الحياة
Gold prices on the European market fell on Monday to continue its losses for the third consecutive day, registering the lowest level in two weeks, the rise of the US dollar against a basket of global currencies, coinciding with the continued weakening of investment demand for safe havens.
Gold prices fell by more than 0.4% to:@@ GMT to be traded at the $1328.54 level of the 1334.19 from the opening level, registering the highest level of $1335.42, and the lowest level of $1327.13 since 9 April April.
The gold price ended Friday's dealings with 0.7 percent low, the second consecutive daily loss, as most prices of metals and goods denominated in US dollars fell.
Over the past week, gold prices have lost 0.7%, the first weekly loss in the last three weeks, by the rise of the US dollar, coinciding with the weakening of investment demand for safe havens assets.
The dollar index on Monday rose 0.3 percent, continuing its earnings for the fifth straight day, registering the highest level in eight weeks 90.47 points, reversing the continuing U.S. currency purchases versus most major and secondary currencies, which puts a negative pressure on the prices of minerals and commodities. denominated in dollars.
The rise of the US currency comes amid the continued high turnover of bonds in the United States for 10 years, and the return to the level of 2.979%, the highest level since January January 2014.
Gold holdings at SPDR Gold Trust, the largest global indicator fund supported by gold, remained on Friday without any change for the sixth consecutive day at a total of 865.89 metric tons, the highest level since 8 June June 2017.
