Tuesday, 1 May 2018

  • 00:08
  • حنين الحياة




















The gold price futures contract fell by nearly one percent during the US session to see them lower since March 21, March amid rising the US dollar index according to the inverse relationship following the economic developments and statements that were followed Monday by China's biggest economy Consumer of metals globally and his American economy is the world's largest economy.

At 3:07 pm GMT, futures for gold prices rose 15 June June to 0.66 percent for the time being $1,314.60 the minimum of six weeks is explained in comparison with the opening at $1,323.40 for the ounce, while the US dollar index rose by 0.29% to 91.81 levels compared to the opening at 91.54. 



We have followed up on the Chinese economy, the second largest economy in the world, and the second largest industrial country after the United States, revealing the Sales Managers ' index reading. Industrial and service for the month of April April, which showed the expansion of the service sector to 54.8 compared with the previous reading of the month of March March The outlook at 54.6, while the same indicator reading for the industrial sector showed a narrowing of the breadth to 51.4 versus 51.5, which is superior to the expectations at 51.3.

At the other level, we have followed up on the American economy revealing personal income and expenditure data that have shown the accelerated growth of personal spending to 0.4% compatible with expectations versus persistence at zero levels on February last February, while reading personal income stabilized the growth rate at 0.3% Without expectations at 0.4%, a reading of the index of personal consumption expenditure inhibited the stability of the growth rate at 0.2% compliant with expectations.

In the same vein, the annual reading of the inhibitory personal consumption expenditure index showed accelerated growth to 2.0% compatible with the expectation compared to 1.7% in the previous annual reading of February February, while the reading of the basic personal consumption expenditure index showed a stable growth rate at 0.2% is compatible with Outlook, and the annual reading of the same indicator showed acceleration of growth to 1.9% versus 1.6%.

This came before we saw the publication of the Chicago Index of procurement managers for the current month, which showed a widening to 57.6 vs. 57.4 in March March, without expecting at 57.4, down to the disclosure of the housing market data showing the reading of the existing home sales index slowed growth to 0.4% compared to 2.8% Last February February, worse than the forecast that the growth rate slowed to 0.6%.

The gold holdings were stabilized by the S-P-D Gold Trust Fund, which is the largest global indicator fund supported by gold on last Friday without a little change for the second straight day when a total of 871.2 metric tons, which is the highest since the end of November of November 2016, 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.

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