Gold rises as a safe haven after three sessions of retreat

Gold prices rose during Friday's trade with the end of the week's trade after a three-day drop in the precious metal patch after registering the highest level in four months earlier this week. Gold went back to play today's safe haven, following growing market concerns. On the closure of the US government, where the House of Representatives approved interim funding for the government until mid-next month, but expectations indicate that the Senate will not reach a decision easily. Gold prices are currently traded at the level of $1331.36 for the ounce after registering the lowest level at $1326.29. For the ounce. The meeting at the level of $1326.25 was opened today at the highest level at $1331.86 per ounce. The US dollar has fallen to its lowest levels in three years versus a basket of major currencies due to the federal government shutdown worries, in addition to the expectations that double American inflation would affect the future of interest rates. The return on US bonds for 10 years has risen to record the highest level in 10 months, after increasing positive prospects for growth, especially after better growth data than expected from the Chinese economy, to increase Negative pressure on gold levels.

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Gold rises near the highest level in 4 months by the fall of the American dollar

Gold prices rose by more than 0.7 percent on the European market on Friday, approaching the highest level in about four months earlier in the week's deal, the hike came amid a US dollar drop against a basket of. Gold prices rose by 0.75% until 09:05 GMT to deliberate on Level $1336.10 for the ounce of the opening level $1326.52 and recorded higher $1338.06 level and lowest level $1326.29. Gold prices ended Thursday's stable dealings with little change, after earlier transactions recorded the lowest level of transactions this week at $1324.24 per ounce. And trying to price gold It is now expanding to touch the $1344.70 level of the highest peak in four months and recorded on Monday, with the sixth weekly gain, respectively, in the longest weekly earnings series since mid-2016. The dollar index fell by more than 0.3 percent, continuing its losses for the second day on respectively, from touching the lowest level in three years, 89.98 points, reversing the continuing activity of the U.S. currency sales versus most of the world's currencies, especially against the low-yielding currencies of the euro and Japanese yen. U.S. currency sales come in spite of higher bond yields In the United States the class is ten years by a base point to 2.637%, the highest level in about three years. US currency sales have accelerated since yesterday amid concerns about the possible closure of the US government if the Senate does not approve an additional funding law until February 16 February , in conjunction with reports that global central banks have expanded their foreign exchange reserves from non-US dollar currencies. Gold holdings of the SPDR Gold Trust, the world's largest gold-backed indicator fund, increased yesterday by 11.8 metric tons with the largest daily increase Since September last September, Total holdings have reached 840.76 metric tons, the highest level since 13 December last December.

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Gold price in respect of the first weekly losses in six weeks with the dollar index falling for the fifth week

The gold price futures contract rose during the US session to reduce the losses it incurred during this week's trade amid the negative stability of the dollar index according to their inverse relationship following the economic developments and statements that they followed on Friday about the US economy is bigger The world economy and on the cusp of the recent Federal Open Market Committee members both the President of the Federal Reserve Bank of Atlanta Rafael Post and Randall Quarles. At 3:18 pm GMT, futures for gold prices rose 15 February Feb. 60% for Trading Currently at $335, 00 per ounce compared to the opening at $327, for the ounce, amidst the US dollar index drop 0.01% to levels of 90-44 compared to the opening at 90, 50. This we have been looking for the American economy revealing the first reading of the Michigan University's consumer confidence index Which showed a decline of 94.4 compared to 95.9 on December last December, other than the forecast at 97.0, with the current economic conditions falling and high economic prospects for the current month, while the sub-indices on inflation showed high inflation forecasts for one year and five Years from what they were last month. Otherwise, investors are now drawing their attention to the Senate vote on the interim financing plan adopted by the ruling Republican Party to avoid the suspension of government institutions, following the passage of the plan in the House of Representatives on Thursday by 230 votes to 197 votes, we would like to point out that the possibility of government closure in the United States continues to loom over the ambiguity of the fate of the bill in Congress. In the same vein, Republican Majority Leader Mitch McConnell on Thursday noted the importance of preparing contingency plans in the shadow of increasing opportunities for government closure in If the passing of the balance plan fails in Congress, it mentions that although the majority of Republicans within the Senate are 51 members, only the passing the bill needs a 60-member vote of 100 to be passed, which limits the chances of a pass in the shadow of opposition from his Democratic party. We would like to point out that today a For Juma is the last day of the final agreement between his ruling Republican Party and the Democratic Party to avoid government shutdown and that if the project is not passed a law that will keep the work of the US government up to 16 February next February and submit it to US President Donald Trump for signature The government shutdown until the dispute is settled over the inevitable balance in the United States. The gold holdings of the S-P-D Gold Trust Fund, the world's largest gold-backed indicator funds, rose on Thursday with 11.8 metric tons, showing the biggest increase in the daily since September Last September to reach Total holdings to about 840.76 metric tons which is the highest since December 13, December.

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Gold prices go down for the second straight day after the federal meeting.

Gold prices fell during Thursday's trade for the second straight session after the minutes of the Federal Reserve Bank meeting held in December December, which saw an optimistic trend on interest rates from bank members, which helped support the dollar.

Gold prices are currently traded at the level of $1306.92 for the ounce, after registering the lowest level at $1305.89 for the ounce. The meeting today opened at the level of $1313.16 per ounce, registering the highest level at $1313.61 per ounce.

The record of the Fed's meeting showed that the members expect cuts in corporate and personal taxes will increase spending by consumers and business sectors, although they are still somewhat uncertain about the impact of the recent reform efforts.

The Federal Open Market Commission raised its forecast for GDP growth for 2018 from 2.1% to 2.5%. The meeting's minutes indicated that future changes in fiscal policy were a factor pushing the bank members to boost their expectations for real GDP growth over the next two years.

While some members had positively expressed the high stock market indices, some expressed concern that the retention of expansionary monetary policy would inflate the bubble in equities.

These statements by the FBI contributed to the rise of the dollar to the lowest levels, forcing the goods to start selling for profit, especially after the gold record was highest in three months during the week's trades.

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Gold is trying to resume the gains with the US dollar falling again.

Gold prices rose slightly on the European market on Thursday to try to resume their gains, which were temporarily interrupted yesterday, in the process of correcting and reaping profits, the decline comes with the US dollar falling again against a basket of global currencies, and investors are waiting for two days important data on the labor market , with the aim of re-evaluating the prospects for tightening US monetary policy during the current year.

Gold prices rose by 0.1% to 10:55 GMT to deliberate at the level of $1313.76 of the opening level of $1313.16, registering the highest level of $1314.34, and the lowest level of $1305.89.

Gold prices ended yesterday's low 0.3%, the first loss in nine days, to end the longest daily gains series since February/February 2016, with the correction and making of profits, after the prices were recorded earlier at the highest level in four months $1321.43 for the ounce.

Prices also fell as US dollar levels recovered against a basket of currencies, especially after data showing the growth of the manufacturing sector in the United States during December in December, according to the data of the Supply Institute.

The dollar index fell by about 0.3%, resumed its losses that were temporarily interrupted yesterday, being raised from the lowest level in four months to 91.46 points, which in favour of higher prices for metals and goods denominated in US dollars, making them low cost to consumers of other currencies.

The dollar has slipped again ahead of important data on the US labor market, it will show how much economic growth has improved during the last quarter last year, new evidence will be presented on the continuation of the Federal Reserve in tightening U.S. monetary policy during the current year.

Today, the new jobs in the US private sector are issued during December December, and requests for the weekly unemployment benefit are issued tomorrow Friday new job data in the non-agricultural sector during December, as well as the unemployment rate and the average hourly wage.

Gold holdings in the SPDR Gold Trust, the largest global indicator fund supported by gold, remained unchanged yesterday at a total of 836.32 metric tons, the lowest level since 18 December last December.

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Gold near the $ 1300 per ounce barrier caused by the broad decline of the US dollar

Gold prices rose on the European market on Friday to continue for the seventh day in a row, the highest level in four weeks, near the barrier of $ 1,300 per ounce, due to the decline of the US dollar against most of the world currencies, and gold prices achieved the second annual gain, respectively, thanks to improved levels Investment demand on the metal as a safe haven.

Gold prices rose by 0.2% as of 09:00 GMT to trade at $ 1296.50 per ounce from the opening level of $ 1294.75 and recorded the highest level of $ 1296.92 since November 28 and the lowest level of $ 1293.85.

Gold prices ended yesterday's trading up 0.6%, the sixth daily gain in a row, among the longest daily gain since early October, with most of the metal prices still rising in US dollars.

The dollar index fell 0.3%, extending its losses for a fourth day in a row, reaching a three-month low of 92.10 points as the US currency continued to sell against most currencies, especially after 10-year US bond yields fell.

US 10-year yields fell this week by 5 basis points, and fell 7 basis points on Wednesday, the biggest daily drop in four months, as risk aversion eased in late-year trading.

The US currency fell broadly last week as concerns mounted over the risk of implementing the new US tax law, which lies in the $ 1.5 trillion bill that is expected to boost the country's debt, increase bond issuance, widen the budget deficit, Chances of recovering inflation levels in the country, and thus of opportunities for interest rate increases by the Federal Reserve.

For the year 2017, gold prices have soared 12.5% ​​to reach their second straight annual gain as investment demand for the metal continues to improve as global political tensions escalate, especially those related to the US-North Korea conflict. Apart from Spain, along with political instability in Germany with the difficulty of forming a new coalition government, and continuing conflict in different regions in the Middle East and the Arabian Gulf.

The price of gold also strengthened this year, weakening the pace of US inflation, with the pace away from the targets of central banks in Europe and Japan, which means that these banks continue to stimulate the economy to achieve inflation targets.

Gold holdings in the SPDR Gold Trust Fund The world's largest gold-backed fund was unchanged yesterday for a second consecutive day at a total of 837.5 mt, and holdings so far in 2017 have increased by 3% to 23.63 mt.

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Gold prices close 2017 high of the $ 1,300 barrier with the longest daily gains since 2012

Gold futures rallied during the US session, marking their highest level since October 16, as the US dollar index fell to a 25-month low from September after Sunday.

At 04:04 pm GMT, February 15 delivery, 0.52% to trade at $ 1,304.00 per ounce, compared to the opening at $ 1,297.20 per ounce, amid the decline of the US dollar index by 0.36% to 92.26 levels, Three months from the opening at 92.60.

Financial markets are looking for the Chinese economy, the world's largest metal consumer, and the world's second-largest economy and the second largest industrial nation after the United States to release the Manufacturing & Service PMI for December at 51.6 from 51.8 last November, while The same service indicator may show stability at 54.8, little changed from last month.

Gold futures are achieving the longest daily gains since August 2012, with each year from 2016 to 2015, and in 2014, daily earnings rallies for seven consecutive days, such as Friday The last trading sessions for the calendar year 2017.

As is the case for a trading session in the US stock market. Its worst annual performance since 2007 in 2017.

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We would like to be able to achieve our goals in achieving our goals next year 2018. Investigations into the alleged Russian intervention in the recent US presidential election are also expected to continue early next year.

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