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Hours before the monthly and quarterly closing, the Dow Jones loses more than 400 points, and gold is rising strongly and reducing its monthly losses
image 30 September، 2021
image ابحاث السوق
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Some financial assets move strongly less than six hours ago to close the month of September and the third quarter of this year and enter the fourth quarter by the first of October tomorrow, Friday, as the Dow Jones index loses more than 400 points and trades below 34 thousand levels at 33,966 levels, a loss estimated at 1.23 % before closing.

The testimony of US Treasury Secretary Janet Yellen and US Federal President Jerome Powell before the House of Representatives topped the US session, where Janet Yellen expressed her fears of the US debt default and its consequences, and indicated that the default will lead to a strong financial crisis.

For his part, Jerome Powell talked about inflation and announced that the US Federal Reserve will use all its available tools if there are serious concerns about inflation rising above the target.

And gold recorded in the last sessions of September and the third quarter, gains of more than 2% so far, and it is trading at levels of 1761 dollars per ounce, after it was trading below the levels of 1725 dollars in the morning, to reduce its monthly losses before closing, while silver rises by about 2.70% and is trading at 22.09 dollars per ounce.

The US dollar, in turn, is stabilizing in trading at levels of 94.30, while the Japanese yen rises against the US dollar by more than 50 points, and is trading at levels of 111.47, after testing levels of 112.10 in the European session.

Crude, in turn, turns from red to green before closing, as Brent crude is trading at the opening price at $78.62 a barrel, while American crude (NYMEX) is rising by about 1% and trading at $75.81 a barrel.

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