Gold rises for a second day with the fall of the dollar



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Pink D & # 39; gold In cash transactions, 0.2% to $ 1,083.92 an ounce by 08:04 GMT. And he won D & # 39; gold In the United States, futures contracts rose 0.1% to $ 1303.80 per ounce.

The US central bank will begin its meeting on interest rates on Tuesday and will end with a press conference on Wednesday "Reuters".

US manufacturing output declined for the second consecutive month in February, and factory activity in the state of New York reached its lowest level in nearly two years this month, demonstrating The importance of the US central position in the analysis. "Patiently" on other interest rate increases this year.

The markets do not expect any rate hike this year and are even betting on a reduction in interest rates in 2020.

The dollar index fell 0.2% after posting its biggest weekly decline since early December last week.

For other precious metals, pink Palladium 0.1 percent to 1562.01 dollars an ounce, which is close to the record of 1567.50 dollars recorded in the previous session.

Money rose 0.4% to 15.33 dollars an ounce, up Platinum 0.5% to 832.25 dollars an ounce.

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Pink D & # 39; gold In cash transactions, 0.2% to $ 1,083.92 an ounce by 08:04 GMT. And he won D & # 39; gold In the United States, futures contracts rose 0.1% to $ 1303.80 per ounce.

The US central bank will begin its meeting to review interest rates on Tuesday, and will end with a press conference held by the bank on Wednesday, according to Reuters.

US manufacturing output declined for the second consecutive month in February, and plant activity in the state of New York reached its lowest level in nearly two years this month, demonstrating the high level of output in the United States. importance of the patience of the US central bank for "more patience" Interest rate this year.

The markets do not expect any rate hike this year and are even betting on a reduction in interest rates in 2020.

The dollar index fell 0.2% after posting its biggest weekly decline since early December last week.

For other precious metals, palladium rose 0.1% to 1562.01 dollars an ounce, which is close to the record of 1567.50 dollars of the last session.

Silver rose 0.4% to $ 15.33 an ounce, while platinum rose 0.5% to $ 832.25 an ounce.

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