One of the few times that we see similar movements in gold and the dollar, unlike the natural inverse relationship between them, as the yellow metal and the dollar have moved at the same pace since yesterday’s session, as gold recorded declines during the session yesterday by more than 2%, while the general index of the US dollar declined by about 0.40%.

\The yield on US Treasury bonds for the ten years recorded increases of more than 5% during the session yesterday, Thursday, and continues its increases since the beginning of the closing session of the week today, Friday, and it is trading at 1.439 levels, an increase of about 2%.

The relationship between the yield on bonds and the demand for bonds is an inverse relationship, and thus the improvement in risk appetite in the markets resulted from the fading of Chinese Evergrande fears, the support provided by the Chinese Central Bank through banks, in addition to the high expectations of monetary policy tightening from the Federal Reserve, which put pressure on the safe havens, which represent Gold, bonds, and sometimes the US dollar, and the demand for currencies and assets with high risks, such as commodity currencies and stocks, increased.

With the beginning of the European period for the closing session of the week today, Friday, the dollar records some gains, and the yellow metal regains some of its losses, as the general index of the US dollar rises by about 0.10% and is trading at 93.13 levels, after it tested 92.95 levels yesterday, Thursday.

Gold is rising by about 1% at levels of $ 1754 an ounce and by more than 1.5% from the lowest level recorded during the American session yesterday, Thursday, at levels of $ 1736 an ounce, the lowest level for the metal since the tenth of last August, in the process of reaping clear profits from investors after all these declines.

The American futures are trading on declines this morning, as the Dow Jones and Nasdaq lose about 60 points after gains of more than 500 points for the Dow Jones yesterday, Thursday, and about 1.2% and 1.04% for the S&P 500 and Nasdaq, respectively, benefiting from the fading of concerns about the Chinese real estate giant Evergrande.

The Japanese yen is one of the most affected currencies in the last three sessions, as it has lost more than 70 points since the beginning of the session yesterday, Thursday, and is trading this morning at levels of 110.50, affected by it being one of the most important safe havens in the markets, and thus the decline in demand for safe havens and the rise in risk appetite affects it negatively.