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Gold prices continue to rise for the second day in a row

2018-02-13 11:18 am | Resource: NEWS | No Views : 99



Gold futures continue to rise for the second day in a row, affected by the decline of the dollar index and the decline in risk appetite globally, where gold prices rose during Tuesday's trading during European trading, recording gains of 0.40% to reach levels of $ 1,331 per ounce , Reaching its highest level in 5 days, after opening the day at $ 1322.33, recorded the highest level of 1329.90, and the lowest level at 1321.58.

Gold ended yesterday's trading up by 0.5%, recovering from a five-week low of $ 1307.02 an ounce, supported by the decline of the greenback against a basket of currencies. The dollar index, which measures the change of the US currency against a basket of major currencies, To 89.93 as investors awaited the release of US inflation data to be released tomorrow to try to find signs of a Fed rate hike this year.

Over the past week, gold prices lost 1.1%, the second weekly loss in a row, as the US currency improved against a basket of currencies, in conjunction with weak investment demand on the metal as a safe haven, and the decline of the US dollar as US bond yields fell Ten years for the second day in a row.

Turning to silver, it saw gains in mid-European trade on Tuesday, gaining 0.21% to $ 16.60.


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Time frame Used - four hours Oil is moving in a sideway in the near-term Purchasing power managed to push oil to level of  72.60 where it faces resistance around this level   In view of the technical indicators Both the RSI and the Stochastic are pointing to the continued decline of the indicators Therefore, we expect that the  oil will  test level of  70.33 again The alternative scenario is…

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