The yellow metal loses more than 1.20% in the middle of trading today, Monday, the 25th of April (April) and before the opening of the American markets, where gold is trading at levels of $ 1899 an ounce, at the lowest level for the yellow metal in the month of April, affected by the rises of the US dollar since the beginning of the Asian session a few days ago that separates us from US Federal Reserve meeting.

The general index of the US dollar is trading at an increase of about 0.50% at levels of 101.52, at its highest level since March 2020, coinciding with the high expectations of the markets for a stronger tightening than expected at the bank’s meeting next week, especially after the statements of Bank President Jerome Powell at the end of last week, to start the markets in pricing a hike of 75 Full base point next week.

These statements and expectations of additional tightening and a stronger hike in US interest rates to combat high inflation have pressured the markets since the beginning of the session and the US dollar is benefiting strongly.

Today, gold prices ignored the concerns of global markets, which are retreating strongly, with the rise in concerns about the high incidence of Corona virus infection in the second largest economy in the world, as China announced that 20261 thousand were infected yesterday, Sunday, which may raise fears about more closures and measures to limit the spread.

Silver, in turn, is trading at its lowest level since mid-February at $23.60 an ounce, down by 2.15%.

Platinum is trading at levels of $918, down by 1.32%, while palladium loses 4.40% when it is trading at levels of $2.269 thousand.