Gold rises for the second consecutive day and attention to the Federal Reserve record

Gold prices in the European market rose on Thursday to continue their gains for the second consecutive day, supporting the US dollar fall against a basket of currencies, affected by the comments of Jerome Powell, head of the Federal Reserve, and to reassess those comments and their impact awaits investors later today Minutes of the last meeting of the Federal Reserve.

Gold prices rose by about 0.5% until 10:34 GMT to trade at a level of $1,226.12 per ounce from the opening level of 1, 220.40 $, and recorded the highest level of $1,227.37, the lowest level of $1,220.40.

Yesterday's gold prices rose 0.5%, at the first gain in four days, as part of the recovery operations from the lowest level in two weeks at $1,211.91 per ounce, and supported the US dollar downward following the comments of Jerome Powell.

The dollar index fell by 0.2% on Thursday, continuing its losses for the second consecutive day, reflecting the continued decline of the U.S. currency against most major and secondary currencies, which currently supports higher prices for gold and other metals priced in US dollars.

Jerome Powell, chairman of the reserve Board of the New York Economic Club, said, "American interest rates are a little less neutral," and investors interpreted these statements as the US interest rate hike is nearing its end, with Jerome's comments as a departure from his previous opinion last month Interest rates at the current scale are far from neutral.

In order to reassess these comments and their impact, investors await by 19:00 GMT the minutes of the last meeting of the Federal Reserve, which was held on 7-8 November November, and resulted in the maintenance of fixed interest rates at 2.25%, if the details To conform to Jerome's comments, it is expected that the U.S. currency will continue to fall and the rise of gold and other metals.

Gold holdings in the SPDR Gold Trust Fund, the largest gold-backed global indicator funds, remained unchanged yesterday for the second consecutive day for the total to continue at 761.74 metric tons.

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Consecutive gold price rebound from its lowest in two weeks with the negative stability of the US dollar index

The futures of gold prices fluctuated in a narrow, upward-sloping range during the Asian session to see their reversal of the 3rd meeting of the lowest since the 15th of November amid the fall of the US dollar index for the third consecutive session from the top of it since the 13th of this month according to the relationship Following the economic developments and data they followed on Friday from the Chinese economy to the world's largest consumer of metals and on the cusp of economic developments and data expected by the US economy, the world's largest economy.

At 5:11 am GMT the futures of gold prices rose 15 February next February 0.01% for trading currently at $1,230.50 per ounce shown consecutive rebound from its lowest in two weeks compared with the opening at $1,230.40 per ounce, amid the decline of the dollar index The American 0.01% to 96.77 levels shown successively apostasy from the top to him in two weeks compared to the opening at 96.78.

We have followed up on the Chinese economy, the second largest economy in the world, and the second largest industrialized country, the readings of the two indices of industrial and service procurement by the China Logistics and Procurement Association (CFLP), which reported a shrinking industrial sector to a value of 50.0 compared to previous reading For October last month and expectations at 50.2, the expansion of the service sector shrank to 53.4 versus 53.9, below the forecast at 53.8.

At the other level, investors are currently awaiting the outcome of the participation of the Federal Open Market Committee member and president of the Federal Reserve Bank of New York John Williams in a panel discussion titled "The Global Economy: Addressing the future slowdown" at the 80th plenary session of the Group of 30, This is before the discovery of the Chicago index of purchasing managers, which could reflect a widening to 58.6 versus 36.3 in October last October.

This comes after hours of the Fed's disclosure on Thursday of the minutes of the Federal Open Market Committee meeting held on November 7 and 8, which reported that there was a close increase in interest rates on federal funds and that policy makers Cash at the Federal Reserve has discussed the date of halting the future short-term benchmark interest rates.

After Federal Reserve Governor Jerome Powell expressed last Wednesday at the New York State Economic Club, under the title "Federal Reserve Framework for financial stability control," the interest on federal funds was "slightly less than" neutral, which was Market pricing as a possible moderation in the pace of monetary policy tightening by the Fed's monetary policy makers.

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Gold is about to achieve the second consecutive monthly gain

Gold prices in the European market stabilized on Friday within a limited range of dealings, with investors reluctant to build new centers in anticipation of the outcomes of the G20 summit in Argentina, but prices are moving to a second monthly gain, respectively.

Gold prices are traded by 8:15 GMT around the level of $1,223.55 per ounce from the opening level $1,223.97, recorded at the highest level of $1,225.55, and the lowest level is $1,222.97.

Yesterday's gold prices rose by 0.25%, in the second consecutive daily gain, and scored the highest in two weeks at $1,229 per ounce, supporting the US dollar retreat against a basket of world currencies.

The group of 20 (G20) summit meetings will be held today in Buenos Aires, Argentina, to discuss recent developments in the global economy, where the group is currently focusing on resolving global trade disputes, as US president Donald Trump is expected to discuss with his Chinese counterpart Shi Jinping, the solution of the Enza Trade among the world's largest economists.

Over the month of November, gold prices have so far risen by 0.75%, about to achieve the second consecutive monthly gain, after a relative improvement in the purchases of safe havens after a sharp fall in global equities, and by supporting a decline in U.S. interest rate increases more than once For next year especially after the recent remarks of Jerome Powell, the head of the Federal Reserve.

"American interest rates are a bit less neutral," said Jerome Powell at the Economic Club in New York on Wednesday, and investors explained that the US interest rate hike was nearing its end, with Jerome's comments as a departure from his previous opinion last month that prices  Interest in the current domain is far from neutral.

Gold holdings in the SPDR Gold Trust Fund, the world's largest gold-backed indicator funds, remained unchanged yesterday for the third consecutive day for the total to continue at 761.74 metric tons.

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The futures of gold declined during the European course

According to the Comex classification of the New York Mercantile Exchange, the futures of gold were trading in December at USD1219.80 per ounce at the time of writing, decreasing by 0.52%.

I have been trading in advance for a usd1218.60 reduction session per ounce. Gold may find support points on usd1218.60 and resistance to usd1233.80.

Dollar index contracts, which measure U.S. currency performance against a basket of six other major currencies, rose by 0.19% for trading on usd96.73.

At the same time on Comex, the silver price for December fell by 1.43% to be traded on usd14.320 per ounce while the December copper price fell by 1.39% to be traded on pound usd2.699.

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Gold falls to the lowest level in a month after Central America confirmed its position of interest

Gold dropped more than one percent to its lowest level in the month of Friday as the US dollar rose after the Federal Reserve (US central bank) confirmed its stance on tightening monetary policy, which negatively affects the precious metal that generates no returns.

The US central bank kept the interest rates unchanged on Thursday, but it is widely expected that they will be lifted in December December, for the fourth time this year, while pointing to the strength of the economy, which has only seen a decline in the growth of corporate investment.

By 1830 GMT, gold in spot transactions dropped 1.3 percent to 1207.78 dollars an ounce, after having touched its lowest level since October 11 October 1206.13 dollars an ounce.

The yellow metal tends to end the week on a two percent drop, the biggest weekly drop since the week ending August 17 August.

In U.S. futures contracts, gold went down 16.5 dollars or 1.35 percent to reach a settlement of 1208.60 dollars an ounce.

The dollar index, which measures the performance of the U.S. currency in front of a basket of six major currencies, has risen to its highest level in 16 months, which it recorded on Oct. 31 October.

Among other precious metals, silver dropped about 1.7 percent in spot transactions to 14.16 dollars an ounce, after touching the lowest level since Sept. 18 September. The metal is geared towards registering the weakest weekly performance since February February.

Platinum fell 1.3 percent to 853.30 dollars an ounce, while palladium fell about 0.7 percent to $1116 per ounce.

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Gold continues to retreat prior to the launch of the Federal Reserve meeting

Gold prices in the European market fell Tuesday to continue their losses for the second consecutive day, with the lowest level in a week, while continuing to restore US currency levels versus a basket of global currencies such as the launch of the Federal Reserve, at its first meeting during The period 2018 and the last meeting under the leadership of Janet Lane, whose mandate officially expires in early February February. Gold prices dropped by more than 0.2% up to 35, 00 GMT to trade at $1338.25 from the opening level of $1340.76, registering the highest level of $1342.07, and the lowest level of $1334.43. Yesterday, gold prices lost 0.8%, in the second loss in three days, with the constant profit of the highest in the year and half $1366.05 of the ounce, and the rebound levels of the US dollar. The dollar index rose by 0.2 per cent and continued to rise for the second consecutive day, reversing the continuing recovery of US currency levels versus most of the world's currency, especially against the European currency and the pound sterling, puts negative pressure on the prices of minerals and commodities in US dollars. The recovery of US currency levels comes with the backing of President Donald Trump's remarks at Davos's economic forum that he wants to have a strong dollar in the addition to the 10-year-old American bonds to 2.727% is the highest level since December 2014. Today, the open Market Committee of the Federal Reserve Council begins its first periodic meeting during the period 2018 to examine monetary policies appropriate for the development of the US economy, its decisions will be issued on Wednesday, and this meeting is the last under the leadership of Janet Lin before handing over the presidency of the Council to Jerome Ball, new president. Most projections indicate that the Board will maintain interest rates in the range of 1.5 per cent, especially after three times during 2017, stressing the strength the country's economic growth trajectory, and markets await the Council's monetary policy statement in search of new signs for the future implementation of the alpha-price-raising cycle During the year, especially since inflation is still weak in the short and medium term. Gold holdings of SPDR Trust, the world's largest gold-backed indicators, fell yesterday by 1.47 metric tons, and the second consecutive decline per day to a total of 846.67 metric tons.

 

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High gold prices with low dollar index and attention to the meeting of the Federal Open Market Commission

The gold price futures contract rose during the US session amid a decline in the US dollar index according to their inverse relationship, following developments and theeconomic data we followed on Tuesday by the US economy, the world's largest economy, which included The launch of the Commission's meeting Federal Open Market in Washington.At 3:06 pm GMT futures for gold prices rose 15 April next April, 0.36 percent for the time being. At $1,349.90 of the ounce compared to the opening at$1,345.10 of the ounce, amidst the US dollar index of 0.37% to 88.98 levels compared-opening at 89.31. We have a followed up on the American economy revealing thestandard and poor house price index reading which showed The acceleration of growth to 6.41% compared to 6.32% on October last October, it's been superior to expectations at 6.3%, and it's came before we saw the release of the consumer confidence index which showed Expanded to 125.4 vs. 122.1 on December last December, so superior To Outlook at 123.2. Otherwise, investors are now drawing attention to theoperated of the federal Open Market Commission meeting 30/31 January January and which's the last meeting of the monetary policy makers of the federal Reserve under the leadership of the Federal Reserve Bank Janet Lynn before we analysing it the next month a member of the federal Open Market, Jerome Powell, would be in office and lead the Federal Reserve.

 

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Poor gold trading during the Asian session waiting for more events

Gold and trade prices fluctuated during the Asian meeting on Wednesday after two days of decline, and this comes with stable dollar levels and recovery, as well as waiting for the markets for more important events this week. US President Donald Trump has urged cooperation between the Republican and Democratic parties on reforming US immigration policies and rebuilding infrastructure in his speech to Congress Tuesday night. Republicans and Democrats are deeply divided into the Immigration Act, which was linked to congressional efforts to pass the spending bill. Lawmakers are facing a deadline on Feb. 8 to reach a compromise on the issue and pass a new budget to avoid the second shutdown of the government after a brief closure earlier this month. Gold prices currently traded at the level of $1338.52 for ounce, after registering the lowest level at $1336.46 for ounce, he opened today's meeting at level $1337.89 for ounce, registering the highest level in $1339.45 per ounce. Today, the last meeting of the Federal Reserve Bank, headed by Janet Lane, where the bank's presidency was handed over to the first president of the newly elected Federal bank, puts the markets in a tense position waiting to know its political direction. This is in addition to the recovery of global bond markets with high yields that adversely affect gold performance.

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Gold recovering from the lowest level in a week prior to Federal Reserve decisions

Gold prices in the European market rose today to recover from their lowest level in last week's dealings yesterday, rising with the decline U.S. dollar versus a basket of global currencies, this investor awaits later today's Federal Reserve decisions at its first meetings during The period 2018 and the last meeting under the leadership of Janet Lane. Gold prices rose by about 0.4% to 10:55 GMT to trade at the first level of the opening level of the $1337.89, which recorded the highest level of $1344.90, the minimum level of $1336.46 gold yesterday lost the price 0.2%, the second consecutive daily loss, with the lowest level in Week of $1334.43 for ounce, with continuous debugging and profitability of the highest level in the year and half $1366.05 per ounce. During January January, gold prices rose by 3.3 per cent, with the third monthly increase, respectively, and the largest monthly gain since August/last August, with the sharp decline in the US currency, the constant improvement in the demand levels of the dollar index fell by 0.4 percent on Wednesday, and continued its losses for the second consecutive day, reversing the continuing sale of the US currency to the global currency basket, which supports the dollar and low price of gold denominated in the other expensive currencies. The US currency retreat comes amid the investors ' disregard for President Donald Trump's speech to Congress, during which Republicans and Democrats urged a division of hard work and a strong union to find radical solutions to the country's migration. The Federal Reserve's Monetary policy Committee (Fed) is to conclude its first meeting in 2018, with the decision on the interest and policy statement cash by 19:00 GMT, the meeting is the last under the command of Janet Lane before handing over the presidency of the Council to Jerome Paul, the new president. Projections indicate that interest rates remain unchanged at 1.5 per cent and that investors focus on the statement of monetary policy new evidence of the pace of policy tightening and full implementation of the three-fold new interest-rate-raising cycle of this year. Gold holdings of SPDR Gold Trust, the largest global indicator fund supported by gold, dropped yesterday by 1.18 metric tons, the third consecutive decline daily to a total of 845.49 metric tons, which is the lowest level since January 18 January January.

 

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Limited gold trading after two sessions of gains pending job report

Gold prices has seen limited trades during Friday's trades after registering a two-day hike, that's comes with waiting for the markets for the U.S. job report data which may cause further moves for the dollar and the gold after it. The rise in gold pricesover the last two days came due to a fall in dollar levels against a basketball of major currencies after a meeting the Federal Reserve Bank which did not show up on thenew monetary policy continues to gradually raise interest rates. Gold trading is a still heavily influenced by high yields on the "bonds", which reduces the demand for gold as an alternative investment. Gold prices is currently traded at the level of $1348.10 for the ounce, after registering the lowest level at $1346.43 per ounce, and its opened today's meeting at the level of $1349.10 per ounce, registering the highest level at $1350.05 per ounce. Forecasts show that the US economy had provided 181, 000 jobs in January after the previous reading of 148, 000 jobs, while unemployment rates is expected to stabilize at 4.1 percent. Job report would be increase confidence in the movements of the US federal Bank, the recovery of the employment sector and high wage rates to be contribute to the acceleration of the US interest rate, which could affect the movement of the dollar.

 

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