country flagالعربية
0

Gold Rising With Dollar Decline

2018-09-14 11:31 am | Resource: News | No Views : 100



The precious metal continued to rise as the dollar continued to weaken. The dollar is nearing a few-week low after the results of the PPI, consumer price index and consumer price index, while the attempt to take refuge from ongoing trade talks has also faded over the past two days. This has helped gold achieve the highest four consecutive gains

 Inflationary pressures in the United States are easing, raising concern that the Fed may ease its stance on monetary policy, data showed on Thursday. High rates are negative for gold, as the precious metal, which does not pay interest, struggles to compete with yielding assets when prices rise.

Trade War

After reports showed that the administration in the United States wanted to hold a new round of trade negotiations with China, which was met with Chinese caution, but which triggered optimism in the markets, but in a sudden reaction, Trump then emerged with a tweet on the Twitter social networking site. To an agreement with us and not us who need it. Trump added that the United States will manufacture its products in the United States, referring to the bringing of Apple factories from China to America, and concluded his comment that any talks do not mean agreement that led to market volatility

Gold is usually in the greenback as it is denominated in US currency and is sensitive to dollar movements. Gold becomes more expensive for other currency holders when the dollar rises and falls when it falls.

Gold trading was another precious metal
  • Gold futures for December delivery rose 0.36% to $ 1,212.50 an ounce (08:32 GMT).
  • The dollar index, which measures the strength of the dollar versus a basket of six major currencies, fell 0.10% to hit 94.44.
  •  Silver futures rose 0.15% to $ 14.265 an ounce.
  • Among other precious metals, the platinum futures contract rose 0.76% to $ 809.40.
  • While palladium futures rose 0.38% to $ 972.40 an ounce.
  • Copper futures are 1.52% at $ 2.669 per pound.


Other analysis

OIL Technical analysis 12 November 2018

Time frame Used - four hours Oil is moving in a bearish direction in the near term Oil is still under selling pressure to reach level of 59.17 In view of the technical indicators Both the RSI and the Stochastic are indicating the arrival of indicators to the oversold area Accordingly, we expect that the oil will test the upper boundary of the down channel around the level of 61.50,…

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.