Breaking News

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.

Latest news

Futures contracts for gold declined with European trading after it was high in the Asian session : with the beginning of today’s hours, futures contracts rose by 0.66%, to be traded at a price
09-2020 21 09:52:41

Gold futures rose for December delivery according to the Asian session on Friday. As it increased by 0.47%, to be traded at the price of 1959.00 dollars per ounce, and it was previously traded at a
09-2020 18 06:02:31

Oil prices rose this morning, due to the halt in oil and gas production due to a hurricane in the United States of America, as the price of crude oil increased by approximately 1.5%, reaching 41.13 d
09-2020 16 06:30:20

We open the trading week with a rise in gold prices today, after it witnessed a decline in the last days of last week, as it is a safe haven for investors, especially when crises that negatively affe
09-2020 14 06:22:57

Gold prices experienced a remarkable decline at the beginning of the week after it concluded its Asian trading at a high, affected by the great rush of investors, if this morning the gold futures con
08-2020 31 08:11:31

More News