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Tony Rizk wrote in the newspaper "Republic":
In anticipation of the fall of gold to 840 dollars, Russia seems to be the most affected by the biggest purchase of yellow metal to reach its reserves of 1800 tons.
It is expected that changes in the price of gold over the past few months will lead to further short and long term severe declines.The historical graphs show that gold finally broke the upward trend. $ 300 from 2000 to increase profits in 2006. The increase continues until 2011 and will increase to about $ 1,700 an ounce, registering a higher level of $ 2,000. The consolidation stage was extended before 1999 under the $ 300 / ounce level, then began a strong uptrend in 2006 at $ 700, reaching nearly $ 2,000 in 2011, then s & # 39; reversing again.
There are three main levels of gold during its rise to $ 2000 from the $ 300 level at the current level to $ 1220. The three levels are now leading the outlook for the yellow metal to $ 840 an ounce, the level seen in 2007. While China or any other country will not be heavily affected by a dramatic drop in gold, the situation remains different for the following reasons:
First: the size of the gold reserves between China and the Russian Federation: there was a significant difference but now it was decreasing considerably until reaching 65 tonnes in February 2018.
Second: China's differences with the United States are only economic. The competition of the economy goes to something else.
Russia began to collect Gold prices have risen steadily since the beginning of the rise in gold prices, but the remarkable thing in recent years is that the pace of purchases has increased to reach the end of 2017 to 1800 tons. The position of the Russian central bank remains ambiguous as to the levels of gold prices in the past, present and future, but the equation here is completely different from the rest of the world. Russia is constantly competing with the United States for military and economic power, and it seems that Russia can increase its gold reserves.
This leads some to question what the Russian Federation could do if prices fell to 840 dollars. [TheAnalystesisthatRussiahasoptedtheappropriatepricecollapse:
Firstly: to quickly abandon bundled volumes and sell them and suffer a loss before slipping further.
Second: compensation for price and volume losses at $ 840. Interest levels of $ 840 as a psycho-technical agent will be developed There will be two teams: a team that will sell to exceed the level of $ 840 and a bouncing buying team, Russia will join the buyers team.
Russia will use up its cash pool to buy more than $ 840. The price of gold has continued to fall, and this will undoubtedly be a major economic and financial blow to the Russians, and they will not be able to cope with the economic fallout that will appear in turn.
reluctantly investors to form large centers s But a series of economic data and central bank meetings on monetary policy will take place this week
The dollar index, which measures its price against a basket of six major currencies, has stabilized at 94,717 points, unchanged from the end of last week. 0.1 percent against the yen at 111.10 yen as markets prepare to see if the Bank of Japan is considering measures to strengthen the viability of its mbadive stimulus package. The dollar fell from its highest level against the yen in six months above 113.00 yen on July 19 after those expectations.
The Chinese yuan continued its decline to 6.85 yuan per dollar, a year low, recorded last week [1969003] The Australian dollar fell 0.1% to 0.7397 dollar while the Canadian dollar fell to $ 1.3065.
The Turkish lira fell more than 1% to 4.9 against the dollar yesterday, Imposing sanctions on Ankara negatively on the currency.
The price of the dollar exceeded The Tehran market has an unprecedented historical record, reaching 110,000 riyals on Sunday, while Saturday was 95,000 riyals per dollar
Beirut Stock Exchange
Yesterday, 31832 Shares traded on the local stock market worth 0.57 million Dollar with the predominance of the downward trend in the prices of traded shares. Through 13 sales and purchases of six types of shares. In conclusion, the market value decreased by 0.28% to $ 10.348 billion. The most active actions were:
1. BLOM shares, which fell 0.59% to $ 10.10 with 14,600 shares
2. Solidere A, which dropped 0.94% to $ 7.36 with an exchange of 5,130 shares. 19659003] 3) Bloom Bank certificates that stabilized at 10:30 am with the exchange of 5,000 shares
4) Bank Audi preferred shares that rose 1.15% to $ 96 with the exchange of 3,000 shares
5) Solidere B shares fell 2.26
Global Equity
European stocks fell from the highest level in six weeks early yesterday, as shares Industrial Companies and Technology
The European Stoxx 600 index slipped 0.3% to start a week with business announcements after Friday's strongest weekly gain of nearly five percent , Weeks.
The German DAX fell 0.2%. Japanese equities closed down.
The Nikkei average <.N225> was down 0.74% to 2,544.84. The TOPIX index broadly decreased from 0.43% to 1768.15 points at the close
Gold
The price of gold held yesterday before the meeting of the bank US central could give hints on future trends
Spot gold fell 0.1% to $ 1221.93 an ounce, after hitting a trough of $ 1211.08 this month -this. The futures on the US futures contract fell 0.3% to $ 1219 an ounce
Crude oil prices
increased by 13 cents or 0.2% at $ 74.42 a barrel Last week
Brent Brent rose 1.7% to its biggest gain in four weeks.
WTI futures increased 31 cents, or 0.5%, to $ 69 per barrel. WTI decreased by 1.3 percent on Friday
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