November 30, 2018
ma
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.
