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Al Ittihad – Gold – Take-Top-Eighteen-Month Effect-Stop-Take-Off Interest – USA





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Gold Alloys

Gold Alloys

Gold prices fell on Thursday, close to eight-month highs in the previous session, as the dollar fell after the Federal Reserve stopped the monetary rigidity cycle, and the metal peak was in the fourth month in a row.
The place gold has passed $ 1319.54 an ounce to 0653 GMT. The metal price rose to its highest level since May 11, 1323.34 US dollars.
Gold futures in the US futures rose 0.8 percent to $ 1,388.60 an ounce
Since the beginning of the month, gold has risen by 2.8 percent.
The Federal Reserve maintained US interest rates unchanged yesterday, but said that this year it would be impatient to raise borrowing costs, as it pointed to a further blurring of economic prospects.
The dollar index, which measures the performance of the margin against the basket of other major currencies, declined after the Federal Reserve issued a cautious statement.
Gold is usually created with the expectation of lower interest rates, which reduces the possibility of paying scrap metal holders.
Palladium stayed on the market for $ 1360.50 an ounce, after touching the record $ 1434.50 on January 17th.
Silver dropped by 0.5 percent to $ 16.01 per ounce, following the $ 16.10 previous session, the highest level since July 2018.
Platinum fell by 0.4 percent to $ 811.50 per ounce.

Source: Reuters


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