Gold rises for the fourth straight session with tensions continuing

Gold prices rose during Wednesday's trading for the fourth straight session to circulate at its highest levels in a week, amid continuing market tensions over the trade crisis between the United States and China.

The Chinese president's speech yesterday has brought much optimism to the market about reaching a trade agreement among the world's largest economists, but many views believe that obstacles remain significant before a trade agreement is reached.

Asian equities have shrunk from their height today, which has helped increase the demand for gold as a safe haven and alternative investment in the markets as the dollar continues to decline against the digital coins.

Today, markets are waiting for the Federal Reserve Bank to try to know the bank's intention toward interest rates, especially after the recent job-back data.

Gold prices are currently traded at the level of $1340.88 for the ounce, after registering the lowest level at $1339.03 per ounce, and it opened today's meeting at the level of $1339.28 per ounce, registering the highest level at $1342.70 per ounce.

Read More

Gold continues to climb ahead of US inflation data and Federal Reserve record

The gold price at the European market was signed on Wednesday to continue its ascent for the fourth straight day, registering the highest level in a week, by the fall of the US dollar versus a basket of global currencies, which is subject to continuous sales prior to the issuance of major inflation data in the United States, and just before Federal Reserve record, the data and details of the record provide strong evidence about the pace of tightening US monetary policy during the current year.

Gold prices rose by 0.4% up to 9:45 GMT to deliberate at the $1344.85 level of the 1339.28 level, registering the highest $1345.39 level since April 4, and the lowest level of $1339.03.

Gold prices last night rose 0.2 percent, the third consecutive daily gain, as the US dollar fell, overshadowed by weaker investment demand for safe havens.

The dollar index on Wednesday fell by more than 0.1 percent, continuing its losses for the fourth consecutive day, registering the lowest level in two weeks of 89.13 points, reflecting the continuing U.S. currency sales versus a global currency basket, which supports higher prices for metals and dollar-denominated commodities.

The continued decline of the US currency, under the desire of the administration of President Donald Trump, is weakening the local currency in order to boost trade competitiveness for American companies and under pressure, the prospects for accelerating the tightening of US monetary policy during the current year are declining.

In order to reassess those prospects, investors are expecting, later today, significant economic data from the United States on inflation levels in the country during March March, the data are issued by 12:30 GMT, in addition to anticipation of the Federal Reserve record.

By 18:00 GMT, the Federal Reserve publishes the details of its last meeting, which was held on 20/21March last March, and resulted in higher interest rates American by a quarter percentage point to the range of 1.75%, the Federal Reserve confirmed the interest rates for only three times this year, unlike Market Outlook will raise interest rates four times.

Gold holdings in the SPDR Gold Trust, the largest global indicator fund supported by gold, remained unchanged for the second consecutive day, at a total of 859.99 metric tonnes, the highest level since 27 September September 2017.

Read More

Gold price rises for up to eight weeks with the US dollar index falling for the fourth straight session

The gold price futures contracts rose nearly one percent during the US session to see their highest since February 16, February amid the US dollar index rolled back to the fourth straight session from the top of him since the beginning of March last March, according to their inverse relationship after Economic developments and data that were followed Wednesday by the Chinese economy, the world's largest consumer of minerals and its economy the largest economy in the world and on the threshold of revealing the record of the meeting of the Federal Open Market Commission held on 20-21 March March.

At 01:59 pm GMT, futures for gold prices rose 15 June June to 0.81% for current trading at $1,356.80 the highest explanation since the fourth of April April compared with the opening at $1,345.90 of the ounce, amid the decline of the dollar index By 0.10% to 89.50 levels, explaining its lowest since 28 March March compared to the opening at 89.59. 

We have followed up on the Chinese economy, the world's second largest economy, revealing inflation data for the month of March March, which showed a slowdown in the growth of inflationary pressures according to the annual reading of the consumer price index to 2.1% compared to 2.9% in the previous February February last year, to prepare So the current reading is less than the analysts estimate that the growth rate slowed to 2.6%.

This coincided with the annual reading of the annual producer Price Index (CPI), which is an initial indicator of inflationary pressures, which has shown the slow pace of China's second largest industrialized country, after the United States, grew to 3.1% compared to 3.7% in the previous annual reading February February, for Thus, the current reading is also less than the analysts ' estimate that the growth rate has slowed to 3.2%.

At the other level, we have also followed the US economy to disclose inflation data according to the consumer price index reading which showed a contraction of pressure inflationary rate of 0.1% versus 0.2% growth in February February, other than predictions that indicated persistence at zero levels, while reading The core of the index itself is to stabilize the growth rate to 0.2% without a significant change from what it was in February February, so consistent with expectations.

As for the annual reading of the consumer price index, the acceleration of growth to 2.4% is in line with expectations versus 2.2% in annual reading. Prior to February February, while the substantive annual reading of the same indicator showed stable growth at 2.1%, also compatible with Expectations, and this comes amid investors ' aspiration for what will result in the Federal Commission meeting minutes at 6:00 p.m. GMT.

The gold holdings were stabilized by the S-P-D Gold Trust Fund, which is the world's largest gold-backed indicator fund on Monday Tuesday without a little change for the second straight day when a total of 859.99 metric tons, which is the highest since the 27th of September last September, mentions that the holdings of the Fund The Duke of Gold rose in 2017 by about 3%, 23.63 metric tons, while gold prices rose 13% in 2017.

Read More

Gold price is sticking to her shoes that stretched to $1346 an ounce

Prior to the announcement of the US inflation figures-consumer price index-and the contents of the last meeting of the Federal Reserve in which he raised the interest rate for the first time this year. Gold prices are still sticking to their shoes, which stretched to $1346 per ounce waiting for any new. The weakening of the US dollar, backed by the Trump policy, has contributed to the gains of yellow metal, with the US dollar index DXY and which measures the performance of the US dollar against a basket of six competing jobs to the level of 89.50 after the gains of the index to 90.51 up to its top two weeks ago.

The losses of the dollar increased after the announcement of weaker figures than expected for US jobs at the end of last week's dealings and statements by the Federal Reserve Governor Jerome Powell who did not come again where the official repeated the bank's supportive policy to gradually raise interest rates and did not address the trade crisis Between the United States and China and not the turmoil of the stock markets. It must be borne in mind that the retaliatory actions of the United States of America and China have been aggravated by the imposition of customs duties on both sides. It will increase anxiety in financial markets and investor concerns and thus increase gold gains because it is one of the most important investor-safe havens.

Technically: Gold prices today will be in procurement opportunities if they move towards support levels of 1319, 1310 and 1300 respectively. On the upside, the most recent levels of resistance to gold are currently 1337, 1345 and 1365, respectively. We still prefer to buy gold from each downward regression.

At the level of economic data: yellow metal will be focused on the US dollar level, the announcement of the US consumer price index and the Federal Reserve meeting minutes. He will monitor the situation over the US-China trade crisis. Gold will also be influenced by the appetite of investors to take risks, and gold is one of the most important safe havens. The gold will be watched by renewed global geopolitical concerns about North Korea, the departure of Britain from the European Union or the economic policy of Trump.

Read More

Gold marks its peak in a week by the fall of the dollar

Gold prices touched their highest levels in a week on Wednesday with the dollar dropping to a lower price in two weeks while geopolitical factors fuelled demand for metal as a safe haven.

By 0704 GMT, the immediate price of gold was 0.4 percent to 1344.16 dollars (ounce) to continue its gains for the fourth straight session, and earlier prices recorded their highest levels in a week at $1345.35 per ounce.

United States gold futures increased by 0.2 per cent to $1348 per ounce.

Yuichi Ekizo, director of the Tokyo branch of the HSBC bank, said. "Many things happen at the same time--the US-China business War," a possible US attack on Syria may evolve into a standoff between the United States and Russia, which has a very strong impact on the gold markets.  "

Silver climbed 0.3 percent to 16.60 dollars for an ounce in online transactions.

Platinum increased 0.7 percent, registering 930.15 dollars for ounce, while palladium fell 0.3 percent to 949.50 dollars.

Read More