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Precious metals price rise with high geopolitical risk

2019-06-13 12:37 pm | Resource: News | No Views : 82

المعادن الثمينة ترتفع مع ارتفاع  معدل المخاطر الجيوسياسية

Gold and silver rose on Thursday as investors continued to expect the Federal Reserve to cut interest rates in September for the first time since late 2008. After rising bets in a recession in the US and Eurozone economies

Wall Street is trading in the green market

Markets in the US continued trading in the Green Zone on Thursday during the pre-market period as investors followed the latest trade news between Washington and Beijing. Earlier, US President Donald Trump said his administration had not set a deadline for imposing additional tariffs on Chinese imports.

And perhaps more broadly continued with sovereign yield curves were looking to decline after a major coup. The fire on two tankers in the Sea of ​​Oman, with claims that the ships were under attack, has increased risk aversion. One of them was reportedly hit by a torpedo. The incidents occurred amid rising tensions between Iran and the administration in Washington and mutual criticism between China and the West on multiple fronts. The world's second-largest economy, is engaged in a trade war with the United States. Turkey seems determined to purchase Russian S-400 air defense systems despite Pentagon threats.

At the same time, market watchers also focused on job data to be released ahead of the opening bell on Wall Street. The oil market was in the spotlight as both indexes rose more than 3% during daily trading after another incident in the Gulf of Oman.
  • The Dow Jones was up 0.29%.
  • The S & P 500 gained 0.34%.
  • While the Nasdaq 100 rose 0.44%.

The euro rose 0.08% against the US dollar to 1.1296 at 13:58 CET.

Precious metals trading
  • Gold was 0.28% in green zone at 12:04 CET, selling at $ 1337.24 an ounce.
  • Silver rose 0.48% to $ 14.85
  • Platinum advanced 0.45% to $ 814.39 an ounce.
  • The palladium, which lasted six days, rose 1.27% to $ 1429.64 after hitting $ 1436.14, a level not seen since April 29.


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