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Futures contracts for gold return to rise: 07-08-2020

News Date: 7/8/2020 06:16:28

Oil futures rose at the close of trading in the week, as crude oil futures for September rose by 0.07%, to be traded at $ 41.98 a barrel, previously traded on a session high at $ 42.22 a barrel. Oil futures are expected to find support points down at $ 39.58 and resistance points at $ 43.52, while the price of Brent crude for October delivery rose 0.07%, to trade at $ 45.12 a barrel. .


In contrast to oil futures contracts, gold futures contracts decreased in October by 0.12%, to be traded at a price of $ 2056.00 an ounce, as it was previously traded on a lower session at a price of $ 2044.8 per ounce, and gold is also expected to find support points. Downs at 1963.5, and resistance points at 2072,75 dollars.

On the other hand, silver futures contracts for September were traded at $ 28,402 per ounce, after declining by 0.01%.


 Also, US stocks ended their sessions higher this week, after the Nasdaq index rose by 1,00, the Standard -and Poor’s 500 index rose by 0.64%, and the Dow Jones Industrial Average, which increased by 0.64%, and thus gains were recorded. In several sectors, including : the consumer services sector, the public institutions sector, and then the technology sector.


 To conclude with the developments of Japanese stocks, the Nikkei index rose in early trading by 0.07% to 22433.78 points, while the broader Topix index rose by 0.01% to settle at 1549.96 points.

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