February 02, 2018
ma
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.
