Gold Falls as Low As 1300 After US Dollar Index Raises
2018-05-15 04:14 pm | Resource: NEWS | No Views : 114
Gold turns into losses and breaks the $ 1,300 barrier as the US dollar index rose to its highest level since 22 December after the release of US retail sales,
Where retail sales, which account for nearly half of consumer spending, representing more than two-thirds of US GDP, showed a slower pace of growth to 0.3% versus 0.8% in March, worse than expectations of 0.4%.
US President Kim Jong-un and US President Donald Trump are due to meet in Singapore next month after North Korea announced its plans to dismantle the nuclear test site from May 23 to 25, depending on weather conditions, the official KCNA news agency reported. A statement issued by the Ministry of Foreign Affairs.
The dollar index rose Tuesday by 0.50%, reaching its highest level in 5 months, after the correction, to 93.02.
To see gold prices Tuesday, a decrease of 1.58% to reach levels of 1293 dollars per ounce after recording a low of 1291 dollars an ounce and opened today's session at 1313 dollars per ounce to a high of 1314 dollars an ounce.
Silver fell by 2.10% to reach $ 16.29. Silver opened today at $ 16.53 and hit a high of 16.56 and a low of $ 16.56. $ 16.20 per ounce.
Gold prices gained 0.6% last week, marking the first weekly gain in a month, on the back of the US currency's rally against a basket of major and minor currencies
Time frame Used - four hours The USDJPY is moving in a bullish direction in the near term The purchasing power managed to control the movement of the USD/JPY pair to reach the resistance level of 112.73 where it faces selling pressure around this level, but looking at the chart, we find that the USD/JPY pair forming a technical pattern called inverted head and shoulders Therefore, we expect that the…
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