Gold hits a record high in early European trade on Friday
2018-04-13 08:48 am | Resource: NEWS | No Views : 331
Gold rallies during European trade, reversing a large part of yesterday's losses and opening higher today, as market fears about US military intervention in Syria are shrinking.
US President Donald Trump said the attack on Syria "may be very close or not very close," easing fears of immediate military action that investors fear could lead to a broader conflict between Washington and Moscow.
Gold prices rose during the European session by 0.17% to reach $ 1344 per ounce after recording a low of $ 1334 per ounce and opened today's session at 1334. $ per ounce to reach the highest level at 1340 $ an ounce.
It is worth mentioning that the negative developments in the Middle East and the US threats of launching military raids on Syria have increased the fears in the markets and pushed the demand for the increase in safe haven significantly.
On the silver front, silver lost 0.37% to $ 16.53. Silver opened today at $ 16.48 and hit a high of 16.55 and a low of $ 16.55. $ 16.47 per ounce.
Time frame Used - four hours Oil is moving in a sideway direction in the near term. Oil is still facing resistance and selling pressure around levels of 52.66 - 54.54. In view of the technical indicators Both the RSI and Stochastic are indicating to weakness of the indicators. Therefore, we expect that the oil will test the level of 50.00 dollar, which by breaking it down will target the…
- Gold Technical analysis 14 December 2018 07:12 am2018-12-14
- OIL Technical analysis 13 December 2018 12:41 am2018-12-13
- Gold Technical analysis 13 December 2018 12:38 am2018-12-13
- OIL Technical analysis 12 December 2018 12:18 am2018-12-12
- Gold Technical analysis 12 December 2018 12:16 am2018-12-12
- OIL Technical analysis 11 December 2018 05:33 am2018-12-11
- Gold Technical analysis 11 December 2018 05:30 am2018-12-11
- OIL Technical analysis 10 December 2018 08:50 pm2018-12-09
- Gold Technical analysis 10 December 2018 08:48 pm2018-12-09
Best trading brokers
- The rise of gasoline contracts supports oil to reach its levels in two months 2017-07-28
- Oil prices maintain their highest level in 8 weeks 2017-07-28
- Brief Market News 2017-07-12
- Oil falls influenced by the International Energy Agency report 2017-08-14
- Rising Of Oils Prices and Falling Of Gold Prices 2017-07-03
- Dogecoin .. Electronic currency arose as a result of irony 03:54 pm 2018-01-26
- Currency and commodity analysis for 2018 05:14 pm 2018-01-01
- Bitcoin forces Santa Claus to distribute the worst gifts to its investors on Christmas 10:04 am 2017-12-25
- Forex 09:26 am 2017-12-25
- OmiseGo .. Time for electronic financial exchanges 02:07 pm 2017-11-15