Breaking News

Gold futures are rising, supported by the dollar weakness..

News Date: 30/11/2022 04:50:47

The dollar fell from the highest level in a week on Wednesday, before a speech by the Chairman of the Economic Reserve, Jerome Powell, and became hovering near its lowest level in a month, and the main dollar index fell against a basket of currencies today, Wednesday, within the range of 0.25%, down to levels of 106.5 points, and the euro did a great job. Well it increased by 0.3%.


The harmonized rate of inflation is expected to have increased to 10.4% in November, down from a final reading of 10.6% in October.


As for US bonds, they continued to record declines in yields, so that the 10-year bond yield fell in the range of 0.025 points, to levels of 3.72%.


Gold prices rose on Wednesday, supported by the decline in the dollar, and gold rose in spot transactions by 0.2% to $1752.95 an ounce, and US gold futures rose 0.3% to $1768.20.


The US economy is expected to enter a recession around the middle of next year, according to Mark Cabana, head of rate strategy at Bank of America.

The bank added that this will prompt the US central bank to cut interest rates at the end of 2023, which will lead to a decrease in US Treasury yields.

Latest news

Curse continues... Inflation is following us to 2023 Inflation led most of the banks in the world to raise interest rates, in an attempt to reduce it . The International Monetary Fund expects that t
12-2022 30 06:28:23

Gold prices fluctuate with the reduction of dollar's losses Gold's prices varied after its positive start at the expense of the dollar’s decline, which tended to reduce its losses, while oil c
12-2022 29 03:29:32

Vladimir Putin takes revenge by Russian oil embargo President Vladimir Putin has banned Russian oil in response to the price cap. He has signed a decree retaliating against the West's imposition of
12-2022 28 03:04:38

Gold prices rose today, Tuesday, affected by the decline of the dollar, which declined by 0.3%, and gold rose by 0.4% to reach $1804.99 an ounce, and gold futures rose by 0.4% to reach $1811.90. The
12-2022 27 04:19:22

The first Saudi-Japanese ministerial dialogue meeting for energy The Saudi Prince of Energy and the Japanese Minister of Economy and Industry held a meeting in Riyadh - Saudi Arabia, in which they
12-2022 26 02:50:27

More News