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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.

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OIL Technical analysis 14 December 2018

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…

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