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 US Central Bank cut the pace of raising interest rates to 50 basis points in December, after making four consecutive increases of 75 points each. However, Chairman Jerome Powell indicated that the Bank will raise interest rates further over the next year.
Oil futures also rose during the Asian session, as oil rose, supported by fears of the winter storm that swept the United States of America, and the extent of the impact of this storm on logistical cutting, shale oil production, and petroleum materials.With the beginning of trading, Brent crude futures rose by 0.9%, about 73 cents, to reach $84.65 a barrel. West Texas Intermediate crude futures rose 1.1%, about 85 cents, to reach $80.41 a barrel.
After ending last week's trading, Brent crude was up 3.6% on Friday, while WTI rose 2.7%. Both benchmarks posted their biggest weekly increase since October. Markets in Britain and the United States were closed on Monday due to the Christmas holidays.
The Japanese Nikkei index touched its highest level on Tuesday amid large gains for retail stocks, and the financial sector stocks continued their strong performance after the sudden decision of the Japanese Central Bank last week