close market gold Its trading this week is down by regarding 2% on the global stock exchange, as an ounce of gold lost nearly $30 over the course of the trading sessions, and expectations indicate that gold may be subjected to more pressure from the dollar in the coming days, with the trend to raise interest rates by 1%.
Dr. Saad Salima, an expert in the metal markets, said that the market of gold This week, a number of events, reports and indicators are expected that might affect the course of the market and the global gold exchange. It is scheduled to announce the unemployment rates in Britain, the consumer price index in the Eurozone, and building permits in the United States of America.
He pointed out, in exclusive statements, that these indicators may lead to adjustments in the directions of investors and those looking for safe investment, as traders are closely watching these data to know the trends of gold prices during this week.
explained that gold market In Egypt, it is not far from the developments in the price of gold globally, and gold may move in a price path and channel between 985 to 1005 pounds per gram of 21 karat this week, up and down, according to the course of things on the global stock exchange.
He stressed that the announcement of unemployment and interest indicators and unemployment reports in Europe and America would affect the circulation of goldNegative data may support gold to the upside, as happened at the end of last week’s sessions, following announcing the rise in inflation, we witnessed a recovery for gold, and if the data is positive and reveals the severity of crises, gold may continue to decline.
Regarding buying advice, Dr. Saad Salima believes that gold is a safe haven all the time, but the purchase decision must be thoughtful by the consumer according to the amount of savings and financial surpluses he has, because directing all financial surpluses in one direction only may entail some risks.
