Monday, December 18, 2017

  • December 18, 2017
  • ma





Gold prices on the European market rose on Monday to keep their gains for the second straight day near the highest level in a week, with the dollar falling the American versus a basket of global currencies, and it inhibits maximizing the gains of weakening investment demand on the assets of safe havens amidst high stock indices of America to new record levels.





Gold rose by about 0.2% until 09:55 GMT to deliberate at the $1257.76 level of the opening level of $1254.79, registering the highest level of $1257.92, and the lowest level of $1252.78.





Gold prices ended Friday with 0.2 percent high, with the highest level in the week of $1261.86, with the US dollar falling, and last week's prices grew 0.6 percent, the first weekly gain in a month.





The dollar index fell by about 0.3%, continuing its losses for the second consecutive day, registering the lowest level in two weeks, 93.21 points, reversing the continuation of currency sales of America versus most of the world's currencies, which is in favor of higher gold prices being denominated in dollars and falling cost for For other currency holders.





The American currency retreat comes despite new progress in the U.S. tax reform file, and according to some Republican party members, the final vote on the new tax bill is scheduled for this week.





The S & P 500 futures indexes rose by 0.2% to record the highest levels ever before the opening of the formal trading session, and the index ended Friday's session on Wall Street high by 0.9%, registering a record level at 2,679.63 points, with morale rising near the adoption of reforms Broad tax within Congress, which will expand corporate gains.





Gold holdings in the SPDR Gold Trust, the largest global indicator funds supported by gold, remained on Friday without any significant change for the second consecutive day at a total of 844.29 metric tons

  • December 18, 2017
  • ma

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Saturday, December 16, 2017

  • December 16, 2017
  • ma




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Wednesday, December 13, 2017

  • December 13, 2017
  • ma





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.

  • December 13, 2017
  • ma




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Monday, December 11, 2017

  • December 11, 2017
  • ma


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.

  • December 11, 2017
  • ma

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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