Gold tries to recover from its lowest levels in four and a half months

Gold tries to recover from its lowest levels in four and a half months

Gold prices surged during the Asian session on Tuesday after the lowest levels in four and a half months were recorded during yesterday's session, the recovery comes amid a dollar suspension from the rise before the Fed's meeting.

The limited decline in US dollar levels makes it settle near its highest levels in four months versus the main currencies, which forces gold prices to retreat in general, as well as price rises during today's session.

Outlook suggests that the Fed is on its way to fixing interest rates during its meeting today, but the focus will be with the statement a bank to see the next raising date for interest, which is increasing expectations about the fact that during the meeting of the World Bank leaders in June June.

On the other hand, Asian stock markets are on the rise today as well as stable levels of return on US government bonds, which have worked to limit gold gains during today's trade.

Gold prices are currently traded at the level of $1309.91 for the ounce, after registering the lowest level at $1303.65 per ounce, and it opened today's meeting at the level of $1303.65 per ounce, registering the highest level at $1310.22 per ounce.

Read More

Gold keeps falling for the second day and spreads near the lowest in six weeks.

Gold prices continued to fall during Tuesday's trading for the second straight session, with the continued negative pressure on the precious metal, which pushed it to trade near its lowest level in six weeks.

The US dollar has managed to keep its gains today to circulate near its highest levels in about four months against a basket of major currencies, which has caused gold prices to fall.

Negative pressure on the prices of goods in general is continuing because of the high dollar levels that are being priced, as well as the decline in demand for goods for bond or stock markets.

Declining gold levels come in spite of the expectation that the Fed is on its way to stabilizing its monetary policy unchanged during its meeting this week, this would reduce the pressure on gold, but the profit of the dollar and the stability of its trades are forcing precious metals to retreat.

Gold prices are currently traded at the level of $1312.52 for the ounce, after registering the lowest level at $1312.04 per ounce, and it opened today's meeting at the level of $1314.99 per ounce, registering the highest level at $1316.29 per ounce.

Read More

The gold price fell to its lowest in six weeks with the US dollar index rising in the first week of sessions

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.

Read More

Gold retreats near the lowest level in 5 weeks by the rise of the US dollar

Gold prices at the European market were revised on Monday to resume their losses, which were temporarily interrupted Friday in the recoil from the lowest in five weeks, the price tends to incur the second monthly loss during 2018, with the US dollar rising against a basket of currencies.

Gold prices fell by more than 0.4% until:@@ GMT to be traded at the $1316.72 level of the 1322.58 from the opening level, registering the highest level of $1325.30, and the lowest level of $1315.41.

The gold finished Friday with a 0.5% rise in the first three-day gain within the lowest five-week $1315.29 of the ounce.

Over the past week, gold prices have lost about one percent, on the second consecutive weekly loss, by the large rise of the US dollar and the fall of most of the prices of minerals and goods denominated in US currency.

So far and over the course of the month of April April, which officially ends at the price adjustment today, gold prices have lost about 0.3%, on the verge of incurring the second monthly loss during 2018, due to the rise of the dollar and the decline in demand for safe havens assets.

The dollar index on Monday rose 0.3 percent, rising from the highest level in four months, 91.78 points earlier than Friday's dealings, reflecting the rise of currency for most of the world's currency, which is currently pushing back the price of gold and other minerals denominated in the states The American R.

This rise comes with the rise of the American Bond returns a class of ten years near the rate of 3% again, coming down from the highest level in four years 3.035% late last week, within the process of correcting and reaping profits, after strong gains lasting for eight continuous days.

Gold holdings at SPDR Gold Trust, the largest global indicator fund supported by gold, remained on Friday without any significant change for the second consecutive day at a total of 871.2 metric tonnes, the highest level since 30 November November 2016.

Read More

Declining gold prices with the beginning of the week after the lowest recording five weeks ago

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.

Read More

The gold price bounced from the lowest in five weeks, overlooking the high US dollar index up to him in nearly four months.

The futures price contracts for gold rose during the US session to see their lowest-hoped rebound since March 21, March, which has been condoned by the US dollar has risen upward since 11 January January according to the inverse relationship following the developments and economic data that they have followed. On Friday, the U.S. economy is the world's largest economy and on the cusp of revealing the final reading of the Michigan University's consumer confidence index.

At 1:57 pm GMT, futures for gold prices rose 15 June June, 0.36 percent for the time being. At $1,322.70, compared with the opening at $1,317.90, the US dollar index increased by 0.18% to 91.72 levels. Its highest in nearly four months compared to the opening at 91.56. 

We have followed up on the US economy, revealing the initial reading of GDP, which has shown the world's largest economy of 2.3 percent during first quarter versus 2.9% in fourth quarter, superior to Outlook at 2.0%, while the initial reading of GDP measured At prices slowed growth to 2.0% compared to 2.3% in the fourth quarter, worse than outlook at 2.2%.

In the same vein, the personal spending reading for the first quarter showed a slowdown in growth to 1.1% in line with expectations versus 4.0% in the fourth quarter, while the initial reading of basic personal consumption expenditures for the first quarter showed the acceleration of growth to 2.5%, also matched with expectations versus 1.9% In the fourth quarter, in conjunction with the reading of the labor cost index, the growth accelerated to 0.8% compared to 0.6% in the fourth quarter, which is superior to forecast at 0.7%.

Otherwise, markets are currently waiting for the final reading of the Michigan University's consumer confidence index, which may reflect the breadth of its value 98.0 compared to the initial reading of April April at 97.8 and 101.4 in March last March, as investors look forward to the Commission's meeting The Federal Open market on the first and second May next May by next week.

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 Thursday without a little change from what it was on Wednesday at a total of 871.2 metric tons, which is the highest since the end of November of November 2016, and a little The fund's gold holdings rose by about 3% in 2017, by 23.63 metric tonnes, while gold prices rose 13% in 2017.

Read More

Gold is about to incur the second weekly loss, respectively, by the large ascent of the US dollar.

Gold prices on the European market stabilized Friday within a limited range of dealings, near the lowest level in five weeks, on the verge of a second weekly loss, respectively, by the large rise of the US dollar against a basket of world currencies.

Gold prices are traded by:@@ GMT around the $1317.15 level of the level of the opening $1316.64, the highest level of $1319.08, and the lowest level of $1315.38.

Gold finished yesterday's dealings by 0.5%, on the second consecutive daily loss, registering the lowest level in five weeks $1315.29 for the ounce, with most of the prices of metals denominated in US dollars falling.

Over the course of the current week, gold prices have so far lost 1.5%, with the second consecutive weekly loss, by the ascent of the US dollar for most global currencies, as well as the weak investment demand for the metal as a safe haven.

The dollar index rose on Friday by more than 0.3 percent, continuing its ascent for the second consecutive day, registering the highest level in four months at 91.69 points, reflecting the continued wide ascent of the American currency against a basket of major and secondary currencies.

The strong ascent of the US currency comes at the current period, with the concentration of investors shifting to the underlying factors that support the dollar, especially with the recession concerns about geopolitical risks and global trade tensions, the most important of these factors now is the high yields of long-term bonds in The United States for the highest level in four years.

Gold holdings at SPDR Gold Trust, the largest global indicator fund supported by gold, remained yesterday with no significant change at a total of 871.2 metric tonnes, the highest level since 30 November November 2016.

Read More