country flagالعربية
0

Gold prices fell as the dollar rallied amid the US Independence Day holiday

2019-07-04 10:12 am | Resource: News | No Views : 67

Gold prices fell as the dollar rallied amid the US Independence Day holiday

Gold prices have fallen, but are still above the $ 1400 level as the greenback is stabilized in relatively quiet trading due to a holiday in the US market on Independence Day.

The Dow Jones, the Nasdaq 100 closes at its highest level ever

US markets continued gains in a short trading session ahead of the July 4 holiday on Wednesday as the Dow Jones Industrial Average and Nasdaq 100 closed at their highest level ever. Stocks were boosted by expectations that the Federal Reserve may cut interest rates later this month after worse-than-expected economic data.

Earlier, the US Bureau of Economic Analysis said the US trade deficit rose to 55.5 billion dollars in May amid trade tensions with Mexico and China. At the same time, White House trade adviser Peter Navarro has claimed that markets should "be happy" that trade negotiations between the United States and China "are back on track."
 
  • The Dow Jones was up 0.67% or 179 points to a record high of 26966. The best performing was Procter & Gamble, which rose 2.33%.
  • The Nasdaq 100 rose 0.74% to an all-time high of 7,857.69 points.
  • The S & P 500 gained 0.77%. Symantec led the gains in both indices, gaining 13.57%.

 The dollar index, which measures the performance of the greenback against a basket of six currencies, stabilized at 96.7 points. The euro fell 0.04% against the dollar to sell against 1.12809 at 8:14 am CET.
 
The markets are looking ahead to tomorrow's US jobs report - which is expected to show an additional 160,000 jobs in June - to find signs about the future of monetary policy.

Precious metals trading


Other analysis

Best Opportunities, Vision and Technical Analysis for The Oil 17 April 2019

(CURDE OIL - WTI ) We offer you oil analysis denominated by US dollar on Wednesday, April 17, 2019, with the most important forecast for the price of oil denominated by US dollars in the market. Time frame Used - four hours Oil is moving in a sideway direction in the near term. The purchasing power managed to push oil higher to close at the end of trading today, rising…

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.