Gold prices bounce from their lowest levels in almost five months and the federal meeting

Gold prices on the European market fell on Wednesday near the lowest level in five months, under pressure of weak investment demand for metal as a safe haven, this comes as important data from the United States on inflation levels during November November, prior to the Federal Reserve's decisions at the conclusion of its meeting The last league during the current year.

Gold fell by about 0.2% by 10:40 GMT to deliberate at the $1241.40 level of the opening level of $1244.19, registering the highest level of $1245.24, and the lowest level of $1240.60.

Yesterday's gold prices ended by 0.2% high, in the second gain in three days, by reversals from the lowest level in five months to $1236.49 of the previously recorded transaction.

Gold prices last week lost 2.5 percent, the third consecutive weekly loss, and the largest weekly loss since July last July, as the US dollar rose against a basket of global currencies.

Investors await the day after a busy day of important statements and decisions from the United States, many will affect in the direction of trades in the US currency, and in the price of metals and commodities denominated in US dollars.

The most important of these data on US inflation levels, with the consumer price index issued during November November, indicate a rise of 2.2% per year from a 2.0% rise in October October, and with monthly reading, 0.4% rise from 0.1%.

This positive data will enhance the likelihood of the Federal Reserve continuing to tighten the US monetary policy during 2018, especially since the US central relies very much on the improvement of inflation levels until the next year's full-interest-rate increase cycle is implemented.

Today, the Open Monetary Policy Committee of the Federal Reserve Council concludes its regular meeting from yesterday, to discuss monetary policies suitable for developments in the growth trajectory of the US economy, with the decision of interest, monetary policy statement and economic forecast to be issued by the hour 19:00 GMT, Janet Lynn speaks Federal Reserve head by 19:30 GMT.

Most forecasts in financial markets indicate that the Commission raised interest rates by 25 basis points to a range of 1.5%, in the third increase in the prices interest during the current year, so that the Federal Reserve has implemented the entire cycle of increased interest rates during the current year and previously defined.

Investors focus on the statement of monetary policy and the economic outlook of the Federal Reserve, in search of indications of the process of further tightening the policy American cash during 2018, knowing whether the Federal Reserve will raise interest rates for three new times over the next year.

Gold holdings of the SPDR Gold Trust, the world's largest gold-backed indicator fund, remained unchanged yesterday. This is for the third consecutive day at a total of 842.81 metric tonnes, the lowest level of holdings in the current month.

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Gold prices bounce from their lowest levels in almost five months and the federal meeting

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Gold circulating near its lowest levels in five months

Gold prices have seen weak trades with the beginning of the week to keep their trades near the lowest level in five months, which has been recorded over the past week, and this comes amid stable dollar levels before the Fed's meeting.

Gold prices are currently traded at the level of $1250.80 for the ounce, after registering the lowest level at $1249.00 for the ounce. The meeting today opened at the level of $1250.60 per ounce, registering the highest level at $1251.00 per ounce.

US job report for last month showed a rise in the number of new jobs and stabilized unemployment rates at their lowest level in 17 years., while wage rates are still weak, which may affect the future of monetary policy and interest rates over the coming year.

The decline in gold prices has stalled after this data, but precious metals have lost enough momentum to keep the trades close to their lowest levels in five months.

Meanwhile, investors are waiting for what will come out of the Federal Reserve Bank meeting this week, whether it is expected to raise interest, or its expectations for the course of monetary policy over the next year.

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Gold tries to recover from the lowest level in 5 months with the US dollar rise stopped

Gold prices on the European market rose on Monday as part of a five-month low-level recovery effort, with the US dollar rising against a basket of global currencies, but the gains are limited ahead of the start of the Federal Reserve Board meeting, which is expected to increase interest rates American for the third time this year.

Gold rose by 0.2% until 10:25 GMT to deliberate at the $1250.90 level of the opening level of $1247.36, registering the highest level of $1251.43, and the lowest level of $1246.93.

Gold prices ended Friday's stable dealings without any significant change, after the previous day's lowest level in five months was $1243.94 for the ounce.

Over the past week, prices have lost 2.5 percent, the third consecutive weekly loss, and the largest weekly loss since July last July, as the US dollar rose against a basket of global currencies.

The dollar index declined by 0.2%, on the way to record the first loss in six days, in the correction and profit-making processes, after the index was recorded on Friday the highest level in three weeks is 94.06 points, and the rise of the US currency has stalled in favor of higher prices for goods and minerals denominated in US dollars.

The Federal Reserve will begin its last regular meeting Tuesday during 2017 to discuss monetary policies appropriate to the developments of the US economy, to issue its decisions on Wednesday, and it is widely expected that the Council will raise interest rates by 25 basis points to a range of 1.50%, on the third Increase in interest rates during the current year.

Financial markets focus on the statement of monetary policy, in search of new indications of the continuing tightening of monetary policy over the coming year, and knowing whether the Federal Reserve will raise interest rates for three new times during 2018, or only raise it twice according to the expectations of most experts Economy and money.

Gold holdings of the SPDR Gold Trust, the largest global indicator funds supported by gold, remained on Friday with no significant change at a total of 842.81 metric tons, the lowest level of holdings during the current month.

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High gold prices are so overlooking the positive stability of the dollar index at the first session of the week

The futures of gold prices fluctuated in a narrow, hopeful downward rise from the positive stability of the US dollar index according to the relationship inverse between them amid the scarcity of economic data Monday by the American economy, the world's largest economy, following the committee member's talk. Federal Open market and President of the Philadelphia Federal Reserve Bank of Patrick Harker.

At 4:18 pm GMT, futures for gold prices rose 16 December December, 0.32% for current trading. At $1,278.30 for the ounce compared to the opening at $1,274.10 of the ounce, amidst the US dollar index rising 0.14% to 94.52 levels Compared to the opening at 94.39.

The member of the Federal Open Market Committee, Patrick Harker, said earlier in the day from Tokyo that he expected to raise interest rates on federal funds during the meeting of the Federal Commission on 13-14 December next December Despite the continued caution of monetary policy makers Fed about the pace of inflationary pressure growth in the United States.

Harker also stressed that the Fed, which was to go ahead with tightening monetary policy and raising short-term reference interest rates, was a third time this year, with 25 basis points to between 1.25% and 1.50%, prepare for any future shocks, it comes just hours before the detection of B. The US inflation rate for the month of October last October which may reflect slower growth.

Other than that, financial markets are currently looking closely at the recent World central bank governors by Janet Lynn, Reserve Bank province. The federal governor of the Central Bank of Japan, Harhiko Kuroda, and the governor of the Central Bank of England and the Governor of the central bank, Mark Carney The European Central Bank in Frankfurt, Mario Dragi, hosted a panel discussion entitled "At the Heart of politics: the Challenges and the disk available to contact the central bank"

SOURCE http://www.fxnewstoday.ae

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Gold resumes its losses by rising American bond yields

Gold prices in the Asian market fell on Tuesday to resume their losses, which were temporarily interrupted yesterday in breathtaking operations, where prices are still under pressing high returns of US bonds short and long term, backed by strong odds to raise US interest rates mid-month The next.

Gold prices fell by about 0.2% until 05:25 GMT to deliberate at the level of $1276.50 of the opening level of $1278.15, registering the highest level of $1278.23, and the lowest level of $1275.45.

Yesterday's gold prices rose by about 0.2%, within breathtaking operations, after incurring a loss of 0.7% on Friday., with the largest daily loss since 26 October October, by the large leap in American bond yields for 10 years.

The American bond returns are traded for two years near the highest level in nine years, which is in its own language earlier in the day. Monday, the bond yields for the 10-year base period rose to 2.40% near the highest level in seven months.

A survey of the federal Federal Bank in New York showed the country's inflation outlook rising in October last October, registering its highest level in six months, it is in favor of signs of a rebound in inflation, in favor of the prospects of raising US interest rates for the third time this year during the middle Next month.

Federal Bank member Patrick Harker said on Monday that he expected to raise interest rates next month, although he warned bank on the pace of inflation in the country, he stressed that the central bank needed to be prepared for any future economic shock.

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Gold drops to the lowest level in a week by the proceeds of American bonds.

Gold prices expanded from the European market on Tuesday to record the lowest level in more than a week, under the pressure of rising US bond yields short and long-term, backed by the strong prospects of raising American interest rates mid-next month.

Gold prices fell by 0.4% by 09:55 GMT to be traded at the $1273.20 level of the opening level of $1278.15, registering the highest level of $1278.23, and the lowest level of $1270.00 since 6 November November.

Yesterday's gold prices rose by about 0.2%, within breathtaking operations, after incurring a loss of 0.7% on Friday., with the largest daily loss since 26 October October, by the large leap in American bond yields for 10 years.

The American bond returns are traded for two years near the highest level in nine years, which is in its own language earlier in the day. Monday, the bond yields for the 10-year base period rose to 2.40% near the highest level in seven months.

A survey of the Federal Reserve Bank in New York showed the country's inflation forecast rise in October last October, registering its highest level in six months, it is in favor of signs of a rebound in inflation, in favor of the prospects of raising US interest rates for the third time this year during the middle Next month.

Federal Reserve member Patrick Harker said on Monday that he expected to raise interest rates next month, although he warned bank on the pace of inflation in the country, he stressed that the central bank needed to be prepared for any future economic shock.

In order to reassess the inflation rate in the United States, investors later in the day are expecting producer price data during October, the high rate of such data will confirm the continued recovery of inflation, and the process of raising interest rates in the middle of next month is confirmed.

Gold holdings of the SPDR Gold Trust, the largest global indicator fund supported by gold, increased yesterday by 0.3 metric tons in the first daily increase since 9 October last October to a total of 843.39 metric tonnes.

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