07:31
حنين الحياة
Futures contracts for gold prices fell by nearly one percent during the US session to see their lowest since April 6, April amid the rise of the US dollar index since the second of March last March according to their inverse relationship following the developments and statements Which they followed on Monday from the US economy is the world's largest economy and on the verge of revealing US housing market data.
At about 1:55 pm GMT, futures for gold prices declined delivery of 15 June June, 0.81 percent for the time being. At $1,327.40 for the ounce compared with the opening at $1,338.30 of the ounce, amidst the US dollar index rising 0.45% to 90.72 levels compared Opening at 90.32.
We have followed the American economy with the first reading of the index of industrial and service procurement managers for the month of April April, which showed the expansion of the sector SOA to the tune of 54.4 vs. 54.0 in March March, thus superior to the expectations at 54.3, as the industrial sector expanded to 56.5 Compared to 55.6 in March March, other than the expectations that the expansion had been reduced to 55.2.
Otherwise, markets are now looking for what will result in the US housing market data and looking forward to the reading of the existing home sales index which the growth slowdown may show 0.2% at 5.55 million homes versus 3.0% at 5.54 million homes in February last February, and we would like to point out that the dollar rises The United States, which in turn weighs on the price of the futures of gold, according to their inverse relationship, in the shadow of a 10-year hike in American bond yields to nearly 3 percent, the highest since early 2014.
The gold holdings were stabilized by the S-P-D Gold Trust Fund, which is the world's largest gold-supported indicator fund on Friday his past is little changed for the sixth straight day when a total of 865.89 metric tons, which is the top of her since the eighth of June June of 2017, mentions that The fund's gold holdings rose by about 3% in 2017, by 23.63 metric tonnes, while gold prices rose 13% in 2017.
