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Stabilized gold prices, Thursday, as the experiences of the rise of the dollar slipped and global stock markets in the yellow metal know the market pressure to increase the number of new cases of infection with MERS-CoV, which could threaten the economic recovery.
And settled spot gold when 1726.48 dollars an ounce (an ounce) by 0701 GMT.
The contract fell U.S. futures for gold and 0.1 percent to 1733.90 dollars.
Said Ilya Spivak the local exchange market in the Daily Fix, “I don’t really see clear incentives for the gold here. From the side we have a stronger dollar because of the recent statements about the Fed supporting… on the other hand, the absence of a further stimulus package presses on the morale and bond yields fell. Those opposing influences remain Gold Level Power”.
As the pressure of the gains made by the dollar as a safe haven the attractiveness of gold as you hold the index of the dollar to appreciate against a basket of major currencies.
Said Jerome Powell, Federal Reserve chairman (U.S. central bank) on Wednesday said that the U.S. economy began recovering from the worst crisis in the corona, but with the loss of 25 million jobs and the continuation of the pandemic will need the economy for further assistance.
As for other precious metals, climbed palladium 0.6 percent to 1932.52 dollars an ounce, but platinum slipped 0.7 percent to 813.48 dollars. Fell silver rose 0.4 percent to 17.51 million.
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The situation in Egypt
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Injuries
50,437
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Come
13,528
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Mortality
At 1,938
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