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The yellow metal ignores the dollar’s ​​rise, records some gains, and iron ore regains the levels of $ 100 per ton
image 20 September، 2021
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The yellow metal records highs in the middle of the trading session today, Monday, 20 September (September), the opening session of the markets and before the opening of the American markets, and it is trading at levels of $ 1758 per ounce, up by about 0.27% and up by more than 0.90% from the lowest level during the session at $ 1741 per ounce in an attempt To compensate for some of its losses recorded last week, which exceeded 2%.

The direct impact of the yellow metal during this period comes from the continuous rise of the US dollar, which is benefiting from the high market expectations that the US Federal Reserve will begin to reduce its purchases of bonds in the remainder of the year and to discuss the details of its plan to exit this program at this week’s meeting, so that the general index of the US dollar will trade at the top Its levels in four weeks are at 93.35 in the middle of today’s session, an increase of about 0.15%.

Meanwhile, during the weekend, we followed the appeal of US Treasury Secretary Janet Yellen and former US Federal Reserve Chair, through an article in the Wall Street Journal, to Congress to raise the federal debt ceiling, and she reiterated that defaulting on it could lead to a historic financial crisis.

Silver is trading at $22.46 per ounce, up by 0.30%, after testing levels of $22 at the beginning of the session, its lowest since November last year.

On the other hand, platinum is trading at levels of $928, down by about 2.39%, while palladium is losing at levels of $2 thousand to trade at levels of $1.956 thousand, down by about 2.97%.

On the other hand, iron ore regains the levels of 100 dollars per ton that it lost at the end of last week in the middle of today’s session, and is trading at levels of 101.80 dollars per ton, despite its decline by about 1% after trading last week at 99.55 dollars per ton, its lowest level since July of last year.

With rising market concerns about the slowdown in China’s real estate sector and China’s measures to reduce pollution in the manufacturing sector.

Aluminum, in turn, is trading at levels of $2.859 thousand per ton, down by about 0.79%, after it was close to the levels of 3 thousand last week.

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