Breaking News

Gold futures are declining 17-11-2020

News Date: 17/11/2020 08:37:57

The number of global Coronavirus infections is increasing at an unexpected speed, and German Chancellor Angela Merkel said yesterday that the pace of new infections is advancing day after day, and at a more than rapid pace, adding that the global economy will not be able to recover if the situation continues as it is.


The yellow metal oscillates between the negative cases of new infections and the positive of the vaccine, and it is also supported by the decline in the dollar index by 0.1%, as gold fell in today’s trading by 0.1% to reach $ 1886.17 an ounce, while the futures contracts fell for gold in the United States rose 0.2% to 1884.5 dollars. As for the silver futures contracts, they fell 0.7% to 24.58 dollars an ounce.


As for oil futures contracts, oil prices rose today : futures contracts for Brent crude for January delivery increased by 0.6%, equivalent to 26 cents, to reach a price of $ 44.08 per barrel, and futures contracts for US West Texas Intermediate crude rose by 0.4%. Or the rate of 18 cents, to reach 41.25 dollars a barrel.

Oil prices were affected positively, thanks to expectations that OPEC and its allies extend crude production cuts for at least 3 months, while sentiment boosted news about another coronavirus vaccine.

Latest news

Recent news/events in the cryptocurrency industry have put pressure on cryptocurrencies, as uncertainty remains alongside the general negative trajectory in the markets, affecting investors’ de
11-2022 25 02:29:41

The dollar fell today because of investors’ appetite for risky assets. The dollar index, which measures the performance of the US currency against a basket of six major currencies, fell by 0.
11-2022 24 05:23:41

US stocks closed higher on Tuesday, amid limited trading. To accompany its indicators upward, gains were recorded in the oil and natural gas, basic materials and technology sectors. At the end o
11-2022 23 01:35:33

Crude oil prices collapsed at the end of yesterday’s trading, following news of the OPEC + group’s tendency to increase production at the next December meeting. At that time, oil pr
11-2022 22 01:51:46

After the issuance of weak data on inflation and the possibility of the Federal Reserve slowing down the pace of tightening monetary policies, the dollar received a strong blow, although retail sales
11-2022 21 03:49:54

More News