Metal prices record highs for the third session in a row this morning, Tuesday, February 9th, coinciding with the opening of the European markets, led by gold and silver, to recover from the loss that was recorded last week, as gold is trading at levels of $ 1841 an ounce, at an increase of about 0.62 per cent while it is trading Silver is at levels of 27.39 dollars, up by 0.49 percent. The US dollar has fallen by more than 0.30 percent since the beginning of the session today, Tuesday, as the index that measures the performance of the dollar against a basket of currencies (the dollar index) is trading at 90.60 levels, and has lost more than 0.90 percent since the last sessions of last week after disappointing data from the US labor market. These declines play the biggest role in supporting metal rises due to the inverse relationship between them, in addition to the approaching announcement of the details of the stimulus plan from the United States of America. US Goldman Sachs Bank, in turn, raised its forecast for the growth of the US economy, as the US bank raised its estimate of US GDP growth to 11 percent in the second quarter of this year. Palladium is trading at $ 2.348, a rise of about 0.75%, while platinum is trading at around 1.77%, and it is trading at 1.177 levels.
23/12/2024
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