country flagالعربية

gold still in side way and silver recorded a rise during Thursdays trading

2018-08-09 05:41 pm | Resource: NEWS | No Views : 173

 gold still in side way and silver recorded a rise during Thursdays trading, and the US dollar index gains in US trading, following US inflation data

A report released by the Ministry of Labor on Thursday showed that producer prices unexpectedly rose in July.

The Labor Department said the PPI had not changed in July after rising by 0.3 percent in June. Economists had expected producer prices to rise by 0.2 percent.

The reading came unchanged on producer prices, rising by 0.1 percent from the index of final goods prices, which were compensated by 0.1 percent in final demand services prices.

The dollar index rose 0.38% to hit 95.31 points after finishing the correction and profit taking near a three-week high of 95.65 last week.

Gold prices fell Thursday by 0.07% to $ 1220, having recorded a high of $ 1225, and the lowest level at $ 1218 compared to the opening at 1221 dollars.
Looking at silver, it rose 0.21% to $ 15.46, after reaching a high of $ 15.52 and a low of $ 15.38.

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 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

Best Opportunities, Vision and Technical Analysis for The Oil 22 February 2019

  (CURDE OIL - WTI ) Time frame Used - four hours Oil is moving in a bullish direction in the near term. The Bulls managed to push the oil movement back to the upside again to hit the important resistance level 56.06, trying to breach the resistance level 56.06 to higher. In view of the technical indicators Both the RSI and the Stochastic are indicating to the arrival of…

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 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.