Gold prices have been stable for today; Friday, at the European market within a limited range of trading close to the high over one week, driven by the fall of the US dollar against a basket of global currencies. It is expected that upon overtaking this level, prices will achieve …
Posted ByMohammad Abdelkhalik
Category Daily FX News
Gold prices fell slightly at European market on Thursday, in the continuance of the downward correction for the second day in a row from the highest level in four weeks, as the US dollar stopped falling against a basket of world currencies. Gold prices fell 0.1% to 09:35 GMT to …
Posted ByMohammad Abdelkhalik
Category Daily FX News
Gold prices have largely declined at European market on Tuesday, hitting its lowest level over one week, pressured by the increase of short-term and long-term US bond yields, which are backed by strong prospects of raising US interest rates at the middle of the coming month. Gold prices fell 0.4% …
Posted ByMohammad Abdelkhalik
Category Daily FX News
Gold prices fell slightly at European market on Friday, by virtue of correction and profit taking processes, following recording the highest level over three weeks yesterday. Prices are heading for achieving the first weekly gain in a month, based on the dollar’s decline against a basket of global currencies. …
Posted ByMohammad Abdelkhalik
Category Daily FX News
Gold prices retreated on Tuesday at the European market in continuance of losses which were temporarily halted yesterday; this fall comes along with drop in most US dollar-denominated metals, in concurrence with the weak investment demand for the metal as a safe haven amid strong gains in global equity markets. …
Posted ByMohammad Abdelkhalik
Category Daily FX News
The dollar reversed losses in Friday’s trading after the release of US factory orders and service sector data that made investors shrug off the jobs report, which was weaker than expected for October. The US dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, …
Posted ByMohammad Abdelkhalik
Category Daily FX News
Gold futures fluctuated within a relatively narrow range during today’s US session following the decline of the US Dollar Index after US released important economic data and looking forward to the announcement of the US President Donald Trump to reveal his candidate to head the Federal Reserve. At 02:56 p.m. …
Posted ByMohammad Abdelkhalik
Category Daily FX News
On Wednesday the gold prices has backed down in the Europe market to continue its losses for the second day respectively, recorded the lowest level in five weeks, in a pressure of continuing the USD increasing against the international currencies, and increasing the probability of increasing interest prices by the …
Posted ByMohammad Abdelkhalik
Category Daily FX News
On Tuesday the gold prices have stables at the Europe market in a limited range of trading near the lowest level in three weeks, and the investors have kept away from building a new centers, before the federal reserve meeting get started, and the expectation is to submit a new …
Posted ByMohammad Abdelkhalik
Category Daily FX News
On Tuesday Gold prices has backed down in the European market, extending its losses for the third day in a row, recording the lowest level in two weeks, as investment demand for the metal fell as a safe haven, within increasing risks in the financial markets will increase, the worries …