country flagالعربية
0

Gold is deepening its losses to its lowest level this year at 1224

2018-07-18 12:39 pm | Resource: NEWS | No Views : 108



Gold is deepening its losses to its lowest level this year at 1224 dollars, as the dollar index rose following the testimony of Jerome Powell to Congress, which boosted the possibility of accelerating the tightening of monetary policy this year.

The dollar index rose 0.4% on Wednesday, extending for a second day in a row, at a three-week high of 95.15 points.

After Jerome Powell told the Senate on Wednesday that he sees the United States on a path of rapid economic growth for many years and played down the risks associated with existing trade disputes with China and the European Union and its negative impact on the economy.
  
Gold prices last week recorded a 1.1% decline, recording a weekly loss of four in the past five weeks.
  
Gold fell Wednesday by 0.25% to $ 1224, after hitting a high of $ 1229 and a low of $ 1220 compared to the opening at $ 1227.
 
Looking at silver, it fell 0.94% to $ 15.45, after reaching a high of $ 15.62 and a low of $ 15.41.


Other analysis

OIL Technical analysis 15 October 2018

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…

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.