country flagالعربية

Prices of precious metals are rising with the demand for safe havens

2019-09-16 10:15 am | Resource: News | No Views : 59

 Prices of precious metals are rising with the demand for safe havens

Gold rose to trade above $ 1510 an ounce, following terrorist attacks in Saudi Arabia on the Aramco factories.

On Saturday, drone attacks on Saudi Arabia's largest oil processing plant sharply raised world oil prices and reinstated the specter of retaliation. The United States has accused Iran of being behind drone attacks on Saudi oil facilities.

  Gold prices rose higher as further interest rate cuts were expected from the US Federal Reserve at its September 17-18 meeting. Earlier this month, global gold prices hit a six-year high above $ 1,550 an ounce, as a slowdown in global growth led to an anticipated easing of the central bank. (11) Before the attack on Saudi Arabia's oil infrastructure, gold and silver prices were in a downtrend. Hopes of easing trade tensions between the US and China eased the safe gold appeal. on Friday

Precious metals futures retreat

The Dow fell more than 100 points in the pre-market amid concerns over oil supplies as US stocks fell on Monday as oil prices surged after the weekend attacks on Saudi Aramco facilities. President Donald Trump has said he has authorized the release of oil from the Strategic Petroleum Reserve to "maintain a good supply of markets."
  • At 5:25 am, the Dow Jones Industrial Average fell 0.44% or 119 points.
  • The Nasdaq 100 fell 0.80% at 5:27 ET
  • The S&P 500 fell 0.47% in pre-market trading.

The euro shrank 0.07% against the dollar at 11:29 CET to trade at $ 1.10675.

In global markets, gold and silver prices rose as geopolitical tensions in the Middle East increased demand for safe assets such as gold.
  • Gold prices today jumped 1.6% to $ 1,512 in Singapore
  • Silver rose 3.2% to $ 17.9938 an ounce

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 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.