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حنين الحياة
Gold prices were lowered during Monday's trade after gold prices were lower than five weeks ago last Friday before it reversed its movement and closed the day's trade at a high level.
The return of gold to decline today comes amid continued negative pressure on commodities with the return of optimism to the financial markets after Asian equities have improved significantly with the support of the end of political tensions between North and South Korea.
Dollar denominated assets such as gold are highly sensitive to movements in the dollar as the rise in the federal currency makes gold more expensive for foreign currency carriers and thus lower demand for precious metals.
This week, the markets are poised to accept the Fed's decision with expectations to stabilize the monetary policy, and the job report will be released this weekend, which could push the dollar and gold movements to change again.
Gold prices are currently traded at the level of $1321.98 for the ounce, after registering the lowest level at $1321.42 per ounce, and it opened today's meeting at the level of $1322.58 per ounce, registering the highest level at $1325.30 per ounce.
