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The yellow metal is retreating under pressure from the American currency 04-11-2020

News Date: 4/11/2020 06:07:29
 

Oil prices rose this morning, after being low yesterday, which prompted it to rise more than 3% in late trading last night, as US crude oil futures contracts jumped by 2.47% to trade at $ 38.59 a barrel, while Brent oil futures contracts rose by 2.27%, to the latter being traded at $ 40.76 a barrel. Oil still has a lot to compensate for, especially after the 10% decline last week, under pressure from concerns about the second wave of the Corona epidemic.

 

The dollar opened the day’s trading higher, as at approximately eight o’clock GMT, the index rose 0.6% to 994,115, after it was down by 0.9% yesterday, and the US dollar fell against the euro by 0.6% to record 1 1638, the pound fell by 1% to trade at $ 1,2928, while the dollar rose against the Japanese yen by 0.4% to trade at 104.91, and the Australian dollar lost 1.3% to $ 0,7065.

 

Gold futures contracts retreated with the beginning of trading this morning, under pressure from the dollar, which opened higher (with the results of the US presidential election awaited), as the price of the yellow metal fell by 0.59%, to trade at $ 1,899.10 per ounce.

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