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Thank you for reading the news regarding the gold skips 2% with the increasing demand for secure badets. We turn now to the most important and recent details.
On Wednesday, the price of gold rose more than 2%, reaching its highest level in more than six years, in the absence of signs of decline in the trade war between China and the states States, arousing investors' appetite for safe haven badets.
Spot gold prices rose 1.1% to $ 1,490.57 an ounce, its highest level since April 2013, and US gold futures rose 2.2% in April. $ 1,516.90 an ounce, earning more than $ 32.
Other precious metals have also increased. Silver rose 1.8% to 16.74 dollars an ounce, its highest level since June of last year, platinum rose 0.9% to 854, $ 88 an ounce and palladium rose 0.5% to $ 1443.62 an ounce.
In the currency markets, the Australian and New Zealand dollars fell to their lowest level for several years on Wednesday, after the New Zealand central bank shocked markets and raised the possibility of a drop in interest rates. sub zero, pushing safe badets to increase.
The yen, already high against the dollar, rebounded against most currencies after unexpectedly relaxed monetary policy in New Zealand boosted risk-averse transactions.
The Chinese yuan was trading at a record high, but weaker against the US dollar, a sign of renewed tensions between the United States and China.
The New Zealand dollar fell 2% to settle at 0.6378 USD, a level not seen since the beginning of 2016, the largest decline in a day since the end of March, and the Australian dollar fell 1.1% to $ 0.6677, a level unmatched since the beginning of 2009.
The New Zealand dollar fell 2.3% against the Japanese yen and was the lowest in the session since the end of 2012, while the Australian dollar hit 70.74 yen, its lowest level ever. since April 2009.
The dollar fell 0.3% to 106.13 yen in Asian trade. Some badysts have said that it could suffer further losses after falling US Treasuries yield to 1.6580%, its lowest level in three years.
The yuan fell in overseas transactions to 7.0815 against the dollar, a level close to 7.1377, the lowest level since the beginning of trading of the Chinese currency in 2010.
The yuan opened in local transactions at 7.0369 against a dollar, compared with the previous close of 7.0250 yuan against a dollar.
This is the detail of the news of the gold which makes a jump of 2% with the increasing demand in secured badets for today. We hope that we will have succeeded by providing you with all the details and all the information and by following all our news, you can subscribe to the system of alerts or to one of our various systems to provide you all the novelties.
It should be noted that the original news has been published and that it is available on the Gulf. It has been confirmed by the Gulf 365 editorial team. It may have been modified and may have been fully transferred or cited. You can read and follow the evolution of this news from its main source.
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