country flagالعربية
0

Gold prices usher trading week on declines

2018-03-12 10:07 am | Resource: NEWS | No Views : 100



Gold futures are trading lower on the back of optimism on financial markets, which is reflected in the positive performance of Asian stocks today, after a better-than-expected job report from the United States. Where gold prices fell by 0.35% to reach levels of $ 1319 per ounce after recording a low of $ 1318 per ounce and opened today's session at 1324. $ per ounce to reach the highest level at 1325 dollars an ounce.

 Gold prices lost 0.3% last week, marking the second weekly loss in a row. After the US dollar index rose in line with the inverse relationship between them after the announcement of the change in the jobs of sectors other than agriculture, which showed the acceleration of job creation to 313 thousand compared to 239 thousand jobs added in January, contrary to expectations of 205 thousand added jobs.

Despite stronger-than-expected job growth, the unemployment rate was 4.1 percent in February. The unemployment rate was expected to fall to 4.0 percent. The report also said the annual growth rate in average employee earnings per hour fell to 2.6 percent in February from 2.8 percent in January.

On the other hand, silver saw losses during the Asian session, followed by the precious metal, with silver falling 0.65% to $ 16.50. Silver opened today at $ 16.59, At 16.63 and the lowest level at $ 16.48 per ounce.

Last Friday's silver prices lost 0.1%, the second consecutive daily loss, on the back of the US dollar's rise. Silver prices fell 0.2% last week, the second weekly loss in a row, on strong odds of raising interest rates Four times this year.


Other analysis

OIL Technical analysis 25 June 2018

Time frame Used - four hours Oil is moving in a bullish direction in the near term The purchasing power managed to control the movement of oil to penetrate the resistance level of 65.93 to the upside to hit level of 69.36   In view of the technical indicators Both the RSI and the Stochastic are indicating the arrival of indicators to the overbought area Accordingly, we expect that the…

More analysis

Best trading brokers

All Rights Reserved
Risk Disclaimer: Trading in foreign exchange market (Forex) includes the risks and the possibility of loss. That is why we are keen on providing the highest quality news and analysis concerning the different markets traded. The opinions expressed in the site indicate the opinion of the author only and not the views of the administration or the public, knowing that errors could be encountered and there is a possibility to commit them. Before starting to trade you should carefully consider your investment objectives, and review the level of experience and risk appetite. In some cases, possible high leverage can lead to loss of funds invested, so you can not invest money that you can not handle its possible loss. You should be aware of all the risks associated with foreign exchange trading and seek for advices from an independent financial advisor if you have any doubts.TradingPekk.com does not assume any responsibility after the occurrence of financial loss to the dealer and the user carries full responsibility for the losses resulting from the use of news, analysis and data on the site.