The yellow metal is recording highs in the middle of the European session today, Thursday, December 16, for the second session in a row, by about 0.50%, and is trading at levels of 1785 dollars per ounce, up more than 1.5% from the lowest level recorded by gold yesterday, Wednesday, after the US Federal Reserve announced that it was stationed at 1752 dollars per ounce.

The yellow metal is benefiting from the declines of the US dollar, which is losing about 0.15% now and is trading at 96.15 levels, after testing 96.88 levels yesterday, Wednesday, in addition to the decline in the yield on US Treasury bonds since the Asian session, which supports the US dollar’s ​​declines and the gains of the yellow metal.

The US dollar ignores the US Federal Reserve’s tough monetary policy meeting and the rise in interest rate hike expectations to the second quarter of next year, after expectations were in the second half, as it was stated in the Dot Pilot report or future expectations that there are ten members of the Fed who see 3 hikes in interest rates next year, but It seems that the markets have another opinion in selling the US dollar, which we consider temporary.

On the other hand, the markets are awaiting during today’s session, the Bank of England and the European Central Bank will meet, and gold’s movements will depend on the movements of the European Central Bank today.

Silver, in turn, is trading at levels of $22.17 per ounce, an increase of about 0.54%, after it tested its lowest level since late September at $21.40 per ounce.

Palladium is one of the biggest beneficiaries today, rising by about 3.65% or 58 dollars, and it is trading at levels of 1655 dollars, while platinum is rising by about 0.61% and is trading at 924 dollars.