
The gold price futures contract fluctuated in a narrow and tilted range to retreat during the US session to see their stability at the lowest levels of the general opening 2018 amid rising US dollar index up to him since December 29 December last year 2017 according to inverse relationship after The economic developments and statements that we followed on Wednesday from the US economy are the world's largest economy and coincide with the actual meeting of the Federal Open Market Committee in Washington.
At:@@ pm GMT, futures for gold prices dropped by June 15 June 0.12% for the time being. At $1,305.20 for the ounce compared with the opening at $1,306.80 of the ounce, amid the US dollar index rose 0.17% to 92.61 levels and shown Its highest during the year 2018 compared to the opening at 92.45.
This has followed us from the American economy. Read the index of change in the jobs of the private sector which showed a slowdown in the pace of creating jobs to about 204 000 add-ons versus 228 A add-on March last March, superior to expectations at 200 thousand added jobs, comes so amidst the aspiration of markets for what will result in P US labor market data for the last month later this week.
Otherwise, investors ' attention is now being drawn to what will result from the actual meeting of the Federal Open Market Committee I and II of May may in Washington, where the industry is expected to maintain monetary policy on interest rates between 1.50% and 1.75% with disclosure of policy statement Cash that may give a better insight into the future tightening monetary policy by the Fed during the coming period.
The gold holdings of the S-P-D Gold Trust Fund, the world's largest gold-backed indicator funds, declined on Monday Tuesday for the first time since the fourth of April April, with 4.43 to a total of 866.77 metric tons, and the gold holdings of the fund rose in 2017 by about 3 % 23.63 metric tonnes, while gold prices rose 13% in 2017.