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The US dollar and the price of gold are inversely related! - 28-04-2020

News Date: 28/4/2020 03:53:28
 

After its value went down yesterday, the US dollar index touches important levels of progress, although everything is not fixed but continues to fluctuate, after yesterday it was sitting in worldly levels, especially against the British pound and the Canadian dollar, reconciling again against the dollar Canadian at 0,2504%, at approximately $ 1,407 Canadian dollars per 1 unit of US dollar. The New Zealand dollar also fell .

After this sudden bounce, the gold price futures contracts fell, to trade at 1710.70 after it was rolling yesterday at 1723.8 an ounce. As for silver, it decreased in turn by 1,203%, which made it stabilize at 15,068, after yesterday it was retaining the price of 15,1990.

As for the global market indices, the Dow Jones index increased by 0.56%, to settle at 24090.6 level, in addition to the S&P index by 0.49%, and it settled at 2870.59. On the other hand, the Nasdaq index witnessed an unaccustomed decline, as it was estimated at 0.45%.

It is expected that the dollar will continue to rebound during the upcoming sessions. Also, a decision was issued by the competent authorities to restructure the appropriate pricing lists after all the commotion that the dollar has caused with other currencies in which dealing will not work.

After now .. !

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