December 18, 2017
ma
Gold prices on the European market rose on Monday to keep their gains for the second straight day near the highest level in a week, with the dollar falling the American versus a basket of global currencies, and it inhibits maximizing the gains of weakening investment demand on the assets of safe havens amidst high stock indices of America to new record levels.
Gold rose by about 0.2% until 09:55 GMT to deliberate at the $1257.76 level of the opening level of $1254.79, registering the highest level of $1257.92, and the lowest level of $1252.78.
Gold prices ended Friday with 0.2 percent high, with the highest level in the week of $1261.86, with the US dollar falling, and last week's prices grew 0.6 percent, the first weekly gain in a month.
The dollar index fell by about 0.3%, continuing its losses for the second consecutive day, registering the lowest level in two weeks, 93.21 points, reversing the continuation of currency sales of America versus most of the world's currencies, which is in favor of higher gold prices being denominated in dollars and falling cost for For other currency holders.
The American currency retreat comes despite new progress in the U.S. tax reform file, and according to some Republican party members, the final vote on the new tax bill is scheduled for this week.
The S & P 500 futures indexes rose by 0.2% to record the highest levels ever before the opening of the formal trading session, and the index ended Friday's session on Wall Street high by 0.9%, registering a record level at 2,679.63 points, with morale rising near the adoption of reforms Broad tax within Congress, which will expand corporate gains.
Gold holdings in the SPDR Gold Trust, the largest global indicator funds supported by gold, remained on Friday without any significant change for the second consecutive day at a total of 844.29 metric tons
