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Gold prices rise amid the deterioration of the dollar .. and the relationship between America and China is crisis! 27-07-2020

News Date: 27/7/2020 11:08:55

Corona’s total number of infections worldwide reached 16,440,794 cases, after more than 30,000 new infections were recorded this morning and in various countries of the world, while the death toll so far reached 652,593 deaths, while nearly 10 million people recovered.


Gold prices recorded a global rise on Monday morning and records they did not witness, especially in Asia and Europe, as gold futures contracts rose by 1.66%, to be traded at the price of 1928.85 dollars, which made the markets looking for a safe haven, especially amid The price of the dollar fell, as the US dollar pair fell against the Japanese yen by 0.6%, reaching 105.53 km, while the US dollar pair against the British pound rose 0.5% to 1,2820 dollars, and the euro rose against The dollar increased by 0.5%, to $ 1,1708.


In view of all these major economic changes, the diplomatic relations between America and China were worsened, which created a state of several stability. In view of this, the US Secretary of State, Mr. May Pompeo, announced the end of the policy of cooperation between the United States of America and China for a period of five decades, as both countries requested Close their consulates amid accusations of espionage.

At a time when relations between China and the United States deteriorated, the Japanese stocks performance varied on Monday, after the Nikkei 225 recorded a slight decrease by 0.16% to 22,741.13 levels, while the broader Topix index recorded a slight increase by 0.24% to the levels 1,576.69.

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