country flagالعربية

Gold prices are fluctuating with a tendency to rise and silver recorded losses during trading Wednesday

2018-08-08 12:29 pm | Resource: NEWS | No Views : 262

Gold prices are fluctuating slightly, with a bullish trend, silver recording losses on Wednesday, the US dollar index posting slight gains in European trading, and the outlook for US inflation data tomorrow.

The dollar index rose 0.13% to hit 95.12 points after finishing the correction and taking profit after hitting a three-week high of 95.33 at last week's levels.

Gold prices rose 0.02% to $ 1218 Wednesday, after hitting a high of $ 1222 and a low of $ 1217 compared to opening at $ 1218.
Looking at silver, it fell 0.15% to $ 15.35, after hitting a high of $ 15.47 and a low of $ 15.32.

The gains came in the US dollar in the absence of economic data on Wednesday, and investors are betting on the rise of the US dollar, following US inflation data which will be released later this week.

Last week, we saw data on the labor market in the US, which kept the possibility of raising US interest rates two more times this year.

Gold prices fell last week, 0.9 percent, after Federal Reserve Chairman Jerome Powell testified before Congress that boosted the prospect of accelerating US monetary policy tightening and raising interest rates two more times this year.

Gold closed Friday's gains at 0.5%, after rebounding from a one-and-a-half year low of $ 1204, an ounce recorded earlier in the day.

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.