The yellow metal continues to maintain its highest level in three months, despite its declines in the middle of the opening European session of the week, today, Monday, the 14th of February, and two hours before the opening of the American markets, where gold maintains the levels of 1855 dollars per ounce, as it loses about 0.26%, equivalent to 4 dollars, influenced strongly The US dollar in the opening session.

The zero metal extends its strength since the end of last week from the state of anxiety and tension in the West about Russia and Ukraine, where gold jumped in the last hours in the last sessions of last week, Friday, by more than 1%, after warnings from the United States of America that Russia might launch action and a military attack on Ukraine and demanded its citizens Leave Ukraine as soon as possible, which supported the rises of the safe haven, gold and bullion in the forefront.

In light of these exceptional conditions, the yellow metal ignores the US dollar and the Federal Reserve and its desire to quickly tighten monetary policy, which pushes the US bond yields to trade at their highest levels.

Meanwhile, data released this morning from China showed that the world’s second largest economy’s consumption of the yellow metal rose during the Spring Festival holiday by 13% year on year, as jewelry and gold bars were among the best-selling products during the holiday, which is considered the traditional peak season. for gold consumption in china

On the other hand, silver rises by about 0.53% and is trading at levels of $23.69 per ounce, after gains of more than 2% recorded at the end of last week.

Platinum is declining by about 0.67% when it is trading at levels of $1020, while palladium is losing about 0.45% and is trading at levels of $2.296.