The yellow metal tested the psychological support levels and the 200-day average on the daily stationed at levels of $ 1842 an ounce during the opening session of the week yesterday, Monday, with a loss of more than 1% before rebounding by the end of the American session and closing at levels of $ 1865 and trading this morning, Tuesday, June 15, with the opening of the markets The European Union is at 1867 levels, up by 0.07%, in anticipation of the US Federal Reserve’s statement tomorrow, Wednesday, to announce the monetary policy. The declines of the US dollar are supported this morning by 0.13%, and the index that measures the performance of the dollar against a basket of currencies (Index Dollar) is trading at 90.33 levels, the late gains of the yellow metal. Investors’ attention is directed towards the US Federal Reserve’s decision, which will start today, Tuesday, and will be announced tomorrow, Wednesday, at the end of the American session, as the markets await these decisions in light of the increase in inflation fears in the recent period, as the US Federal Reserve will discuss the date and way to start reducing the asset purchase program that supports the American economy in this The critical period and so far, the markets are quoting that there is no change to the current policy before next year, given that the Fed sees that the current inflation spikes are only temporary. The US bond yields, in turn, play an important role in the consolidation of the yellow metal, as the yield on the ten-year bonds is down by about 1.26% this morning, trading at 1.482 levels, after recording sharp increases yesterday, rising by more than 3%. The markets are awaiting during today’s session, the US retail sales report, which will also affect the expectations for the monetary policy decision of the US Federal Reserve, as the markets expect retail sales to decline by -0.8% in May after the recession recorded in April. Silver is trading at levels of $27.68 an ounce, down by about 0.55%, after testing levels of $27.40 during the session yesterday, Monday. Palladium is trading at $2.750, down by 0.03%, while platinum is trading at $1,162, down by 0.22%.
23/12/2024
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