Gold prices fell on Tuesday after the US dollar index rose
2018-06-12 12:44 pm | Resource: NEWS | No Views : 124
The decline in gold prices during trading Tuesday, following the continued decline of the dollar index, in addition to the demand for the purchase of the yellow metal.
Amid international tensions between the differences between the seven major powers, the decisions of the central banks of the European Union and the US federal, and a historic summit between the North Korean President and President Trump in Singapore.
As the markets await the release of the Fed meeting as well as the European Central Bank and Japanese Central Bank meeting, which increases demand for gold before setting market trends after monetary policy meetings.
Investors are waiting to see whether the ECB will discuss exit from QE at the next policy meeting on June 14.
As well as continued trade concerns after Mexico announced a 15 to 25 per cent charge on imports from the United States.
Over the past week, gold prices have soared 0.3%, making weekly gains, the second in the past three weeks, based on a weak US currency rally against a basket of currencies
Gold prices fell Tuesday by 0.33% to reach $ 1298 per ounce, after reaching a low of $ 1295 per ounce and opened today's session at 1300. $ per ounce, reaching a high of $ 1305 per ounce.
Looking at the silver trades, losses also fell, with silver falling 0.81% to $ 16.82. Silver opened today at $ 16.86 and hit a high of 16.95 and a low of 16, $ 77 per ounce.
Time frame Used - four hours Oil is moving in a bearish direction in the near term The bears managed to press the oil to drop below level of 70.49 Forming a positive candlestick pattern In view of the technical indicators Both the RSI and the Stochastic are indicating signs of recovery Accordingly, we expect that the oil will break above the 72.21 level to test levels of 72.73…
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