US bond yields continue to decline since the beginning of the week, as the yield on US ten-year bonds loses about 2.46% this morning, Wednesday, July 7 (July), after losing more than 5% yesterday, to trade at its lowest level since last February, amid anticipation in the markets for a statement.

Open Market Committee of the US Federal Reserve for the previous meeting. The US economy announced disappointing data yesterday, Tuesday, after the services sector index issued by the Institute of Supply Management (ISM) recorded a growth of about 60.1 points in June, by about 3.9 points, less than the reading in May and less than the market expectations, which indicated that it recorded a growth of about 63.4 points.

The minutes of the US Federal Reserve, which will be announced in the American session today, Wednesday, will be the focus of the markets’ attention after the US Federal Reserve opened the door to discuss reducing asset purchases of $ 120 billion, and accordingly, the markets will monitor any signs of the timing of the gradual start to reduce purchases.

The US dollar, after recording gains of about 0.30%, and closing the session at 92.51 levels yesterday, Tuesday, is slightly retreating this morning, and trading at 92.45 levels.

Gold, in turn, is trading at an increase of more than 0.30% at levels of $ 1805 per ounce, rising for the sixth consecutive session, supported by the decline in US bond yields due to the inverse relationship between the yellow metal and the yield on bonds, while silver is trading at levels of $26.33 per ounce, an increase of about 0.75%.