Futures contracts for gold declined with European trading after it was high in the Asian session : with the beginning of today’s hours, futures contracts rose by 0.66%, to be traded at a price of 1,971.75 dollars per ounce, as well – in the Asian session – with the weakness of the US dollar, to record a price of 1,950 Dollars an ounce, while the price of gold in spot transactions reached $ 1,943 an ounce.

It is expected that the testimony of Federal Reserve Chairman Jerome Powell, who will appear in front of the US Congress this week, is expected to lead, in addition to the expectation of members of the open market federation of separate speeches, including : Raphael Bostic, Lyle Brenard, James Pollard, Mary Daly, Charles Evans, John Williams.

Oil prices also decreased, as Brent futures fell by 0.8%, approximately 33 cents to 42.82 dollars per barrel, while US crude futures fell 0.9%, equivalent to 38 cents, to reach a price of 40, $ 73 a barrel.