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Gold rises at the beginning of 2019 amid the turnout of safe havens

2019-01-02 08:41 am | Resource: News | No Views : 203

Spot prices for precious metals showed a contrast on Wednesday, although the fall in equity markets, as in the current Asia-Pacific session, usually drives investors toward the asset class, which is believed to be safer in times of turmoil.

Gold prices rose at the start of trading in 2019 as demand for safe havens rose, after the 4.7% gain in December helped reduce losses in 2018 to 2.1%.

The dollar index, which measures the performance of the greenback against a basket of six currencies, fell 0.17% to 95.85. After weak Chinese data boosted concerns about slowing global growth.


Palladium, the only gainer in the past year, jumped to $ 1266.02 an ounce, a record high. Where gold exceeded 2018 on the back of strong demand in the automotive industry. Production has exceeded seven consecutive years, with no sign of a dip. Palladium is mostly used in the manufacture of catalytic converters for gasoline systems.

Precious metals trading
  • Platinum rose 0.18% to hit $ 795.74 at 7:21 am CET.
  •  Palladium traded 2.39% in green zone at $ 1,265.96 per ounce
  • Gold advanced 0.29% to $ 1,285.29.
  • Silver fell 0.07% to $ 15.46 per ounce.

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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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