Gold futures cut some of their losses during US trade
2018-03-12 05:50 pm | Resource: NEWS | No Views : 108
Gold futures have lost some of their losses during the US trade, where gold prices fell by 0.24% to reach levels of 1321 dollars per ounce after recording a low of $ 1315 dollars an ounce and opened today's session at 1324. $ per ounce to the highest level At $ 1325 per 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 silver front, silver lost 0.50% to $ 16.52. Silver opened today at $ 16.59 and hit a high of $ 16.63. And the lowest level at $ 16.44 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.
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…
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