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Gold hits a fresh start in European trading

2018-04-11 10:01 am | Resource: NEWS | No Views : 131

Gold hits a fresh start in European trading, trading at a one-week high as markets remain tense over the US-China trade crisis.

Gold prices rose during the European session by 0.15% to reach $ 1340 per ounce after recording a low of $ 1339 per ounce and opened today's session at 1339. $ per ounce to reach the highest level at 1342 dollars an ounce.

Today, the markets are waiting for the Federal Reserve meeting minutes to try to see the Bank's intention to interest rates, especially after the decline in recent job data

Gold prices ended Friday's trading up 0.5%, the first gain in four days, recovering from a low of $ 1,319 / troy ounce, supported by data showing the US economy added less-than-expected jobs in March.

On the silver front, silver also gained during the early European session, with silver gaining 0.21% to $ 16.77. Silver opened today at $ 16.70 and hit a high of 16.78 and a low. Level at $ 16.66 per ounce.

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Time frame Used - four hours Oil is moving in a bearish direction in the near term The bears managed to control the movement of oil to break the support level of  67.80 down to reach the support level of  66.67 forming a  positive candlesticks pattern   In view of the technical indicators Both the RSI and the Stochastic are indicating the arrival of indicators to the oversold area Accordingly,…

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