Thursday , July 29 2021

Gold is growing and attention centered on the central




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Spot gold rose 0.1 percent to $ 1,227.03 for an ounce by 1831, after hitting $ 1,235.83 an ounce earlier..

Gold rose by $ 2.40 or 0.20 percent, and rose by $ 1,228 per ounce.

"We have a lot to do with metals," said Tae Vong, head of metal trading at BMV. "The biggest golden driver remains USD, and her move was justified by the decline in the dollar".

The dollar index, which measures the effect of US debt on the basket of major currencies, has weakened the appeal of precious metals to other currency owners, while the division in the Congress has diminished expectations that fiscal policy will give a major impetus to the economy..

Currently, market participants are closely following the Federal Reserve meeting, which began on Wednesday and continues for two days, to assess the outlook for US monetary policy.

The Fed raised US interest rates in September and said it plans to raise them four more times by the end of 2019. Again in 2020, this is attributed to the stability of economic growth and the strength of the labor market.

Among other precious metals, silver rose 0.3% to $ 14.57 per ounce, while palladium jumped 1.4% to $ 1131.80 per ounce.

Platinum rose 0.2 percent to $ 869.45 per ounce after hitting a four-month high of $ 877.50 per ounce.

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Spot gold rose 0.1 percent to $ 1,227.03 for an ounce by 1831, after hitting $ 1,235.83 an ounce earlier..

Gold rose by $ 2.40 or 0.20 percent, and rose by $ 1,228 per ounce.

"The biggest golden engine remains the US dollar, and his move was understandable with regard to the fall of the dollar," said Tae Vong, head of metal trading in BMV."He said.

The dollar index, which measures the effect of US debt on the basket of major currencies, has weakened the appeal of precious metals to other currency owners, while the division in the Congress has diminished expectations that fiscal policy will give a major impetus to the economy..

Currently, market participants are closely following the Federal Reserve meeting, which began on Wednesday and continues for two days, to assess the outlook for US monetary policy.

The Fed raised US interest rates in September and said it plans to raise them four more times by the end of 2019. Again in 2020, this is attributed to the stability of economic growth and the strength of the labor market.

Among other precious metals, silver rose 0.3% to $ 14.57 per ounce, while palladium jumped 1.4% to $ 1131.80 per ounce.

Platinum rose 0.2 percent to $ 869.45 per ounce after hitting a four-month high of $ 877.50 per ounce.


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