Markets Opening Stable: Complete Calm in US Indices and Weak Movements in Gold Market

Investing.com – Markets opened the day with stable prices, with complete calm in US indices and weak movements in the gold market.

And at 22:06 GMT, contracts recorded an increase of 3 points, while contracts recorded a decline of one point, and contracts recorded a decline of 12 points.

As for the sideways movement, it continued at the level of 1,990 an ounce, and futures contracts recorded $1,998 an ounce, i.e. below the level of $2,000 an ounce.

West Texas Intermediate crude futures declined slightly, by 0.07%, to the level of $76.58 a barrel, and declined as well. The decline comes in light of the disappointing Chinese data, as he indicated, while recording , which is lower than the previous reading at 58.2. Pointer scored

The stability comes in light of the closure of some Asian markets, such as China, on the occasion of Labor Day corresponding to the first of May.

And the most important developments in the market

A group of banks, including BNC Financial Group and JPMorgan, made final offers to buy the collapsed First Republic Bank.

Markets may be characterized by sideways movement this week until the US Federal Reserve meeting next Wednesday, corresponding to May 3. The Fed is strongly expected to raise interest rates by 25 basis points, but the decisive point will be the tone of the report issued by the Open Market Committee and the press conference of the Federal Reserve Chairman, Jerome Powell, following the announcement.