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Gold prices fell during Wednesday and stabilized above 1500 dollars

2019-09-17 10:52 am | Resource: News | No Views : 22

 Gold prices fell during Wednesday and stabilized above 1500 dollars

  Gold trimmed losses to trade at $ 1,498.32 an ounce after falling during the magnified trading prices had risen yesterday after the terrorist attacks on two oil facilities in Saudi Arabia - with the dollar rising as investors turned to the Federal Reserve meeting, which will start later today and ends Wednesday .

US stock trading slightly changed the market

A reading of Wall Street equity indices on Tuesday ahead of the opening bell showed that market participants were reluctant to reassign portfolios before hearing the Federal Reserve's monetary policy update tomorrow. Most central banks in the world have expressed their bias to reduce borrowing costs and initiate or re-launch incentives to protect the economy from rising risks, most stemming from the US-China trade war and the possibility of Britain's disorganized exit from the EU.

Attacks by unidentified forces last week with missiles or drones on the kingdom's most important oil center have halved the country's production, leading to a historic rise in commodity prices. The spread of inflation can make interest rate makers unwilling and heat the economy. US Treasuries extended the gains, pushing yields lower.
  • The Dow Jones Industrial Average fell only 0.08%.
  •  The Nasdaq 100 fell 0.1%
  • The S&P 500 was marginal in negative territory.

The euro was up 0.12% to $ 1.10148, and the pound was down 0.14% to $ 1.24104. The dollar was steady at 108.18 yen.

Precious Metals Trading
  • Gold futures fell 0.6% or $ 9 to $ 1502.5 an ounce, at 09:39 am CET.
  • Spot delivery also fell 0.3% at $ 1494.26 an ounce and at the same time,
  • Palladium fell 0.4% to $ 1600.5 an ounce, after rising yesterday to a record high of $ 1626.8.

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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…

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