November 30, 2018
ma
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.
