January 21, 2018
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Gold prices rose by more than 0.7 percent on the European market on Friday, approaching the highest level in about four months earlier in the week's deal, the hike came amid a US dollar drop against a basket of. Gold prices rose by 0.75% until 09:05 GMT to deliberate on Level $1336.10 for the ounce of the opening level $1326.52 and recorded higher $1338.06 level and lowest level $1326.29. Gold prices ended Thursday's stable dealings with little change, after earlier transactions recorded the lowest level of transactions this week at $1324.24 per ounce. And trying to price gold It is now expanding to touch the $1344.70 level of the highest peak in four months and recorded on Monday, with the sixth weekly gain, respectively, in the longest weekly earnings series since mid-2016. The dollar index fell by more than 0.3 percent, continuing its losses for the second day on respectively, from touching the lowest level in three years, 89.98 points, reversing the continuing activity of the U.S. currency sales versus most of the world's currencies, especially against the low-yielding currencies of the euro and Japanese yen. U.S. currency sales come in spite of higher bond yields In the United States the class is ten years by a base point to 2.637%, the highest level in about three years. US currency sales have accelerated since yesterday amid concerns about the possible closure of the US government if the Senate does not approve an additional funding law until February 16 February , in conjunction with reports that global central banks have expanded their foreign exchange reserves from non-US dollar currencies. Gold holdings of the SPDR Gold Trust, the world's largest gold-backed indicator fund, increased yesterday by 11.8 metric tons with the largest daily increase Since September last September, Total holdings have reached 840.76 metric tons, the highest level since 13 December last December.
