country flagالعربية
0

Gold hits gains in European trade Tuesday after the US dollar index fell

2018-08-07 01:24 pm | Resource: NEWS | No Views : 57



Gold hits gains in European trade on Tuesday, after the US dollar index fell to a one-and-a-half year low on Friday.

Where the dollar index fell 0.35% to reach levels of 94.86 points, in the correction and profit taking after the highest level in three weeks 95.33 at levels.

The declines in the US dollar, in the absence of economic data to stimulate the continuation of the rise of the US dollar, and the focus on inflation data in the United States, which will be issued later this week.

Following the announcement of labor market data in the United States last week, which has kept the possibility of raising US interest rates two more times this year.

Gold prices fell last week, 0.9 percent, after Federal Reserve Chairman Jerome Powell testified before Congress that boosted the prospect of accelerating US monetary policy tightening and raising interest rates two more times this year.

Gold prices rose Tuesday by 0.30% to $ 1221, after recording a high of $ 1224, and a low of $ 1215 compared to the opening at 1221 dollars.
 
Looking at silver, it rose 0.50% to $ 15.24, after reaching a high of $ 15.50 and a low of $ 15.30.

Gold closed Friday's gains at 0.5%, after rebounding from a one-and-a-half year low of $ 1204, an ounce recorded earlier in the day.


Other analysis

OIL Technical analysis 16 August 2018

Time frame Used - four hours Oil is moving in a bearish direction in the near term The selling force managed to control the movement of the oil to break the support level of 66.30 down to reach the second support level of 64.84, forming a positive candlestick pattern   In view of the technical indicators Both the RSI and the Stochastic are indicating the arrival of the indicators to…

More analysis

Best trading brokers

All Rights Reserved
Risk Disclaimer: Trading in foreign exchange market (Forex) includes the risks and the possibility of loss. That is why we are keen on providing the highest quality news and analysis concerning the different markets traded. The opinions expressed in the site indicate the opinion of the author only and not the views of the administration or the public, knowing that errors could be encountered and there is a possibility to commit them. Before starting to trade you should carefully consider your investment objectives, and review the level of experience and risk appetite. In some cases, possible high leverage can lead to loss of funds invested, so you can not invest money that you can not handle its possible loss. You should be aware of all the risks associated with foreign exchange trading and seek for advices from an independent financial advisor if you have any doubts.TradingPekk.com does not assume any responsibility after the occurrence of financial loss to the dealer and the user carries full responsibility for the losses resulting from the use of news, analysis and data on the site.