08:03
حنين الحياة
The gold price futures contract rose during the US session to see its rebound for the third consecutive meeting of the lowest since 29 March/last March, the US dollar index bounced straight from the top of the third straight session since the beginning of March last March according to the inverse relationship Between them following the economic developments and statements that they followed on Tuesday from the US economy, the world's largest economy and on the threshold of revealing the final reading of wholesale stockpiles.
At 01:58 pm GMT, futures for gold prices rose 15 June June, 0.27% for current trading at $1,343.70. The highest explanation since the fourth of April April compared with the opening at $1,340.10 of the ounce, amid the decline of the dollar index Of the United States by 0.28% to 89.59 levels, explaining its lowest since 28 March March compared to the opening at 89.84.
We have followed the American economy with the issuance of the producer price index reading, which is an initial indicator of inflationary pressures, which has shown the acceleration of growth to 0.3% compared to 0.2% in February last February, with a projection of 0.1%, as the basic reading of the same indicator showed acceleration of growth To 0.3% compared to the previous reading last February February and projections at 0.2%.
At the other level, earlier in the day we followed Chinese president Shi Jinping's speech at the Boao Forum for Asia, through which he pledged more open economic to his country on the world and the lowering of customs duties to encourage imports including automobiles plus the promotion of industries, expressing that on the States to cooperate with each other in order to achieve mutual interests and achieve greater economic growth, which has limited market concerns about the outbreak of a trade war between China and the United States of America.
The gold holdings were stabilized by the S-P-D Gold Trust Fund, which is the world's largest gold-supported indicator fund on Monday. Without a little change from what it was last Friday when a total of 859.99 metric tons, which is the top of it since the 27th of September last September, mentions that The fund's gold holdings rose in 2017 by about 3%, 23.63 metric tonnes, while gold prices rose 13% in 2017.
