Futures contracts for gold prices decreased by more than one percent during the Asian session amid the rebound of the US dollar index to the tenth session in thirteen sessions from its lowest since late April of 2018 according to the inverse relationship between them following the decisions and directions …
The US dollar fluctuated in a narrow range that tends to rise during the Asian session, to witness its retracement of the second session from its lowest since late July, when it tested its lowest since March 12 against the Japanese yen following the disclosure of the monetary policy data …
The pair is declining as tensions rise in the markets after the Fed’s outlook for the US economy and labor market was unveiled on Wednesday. This started redistribution of capital from the stock that was in demand on the peak of the pandemic to the industrial, financial and commodity …
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