Gold prices rose in the European market, on Wednesday, to continue its gains for the third consecutive day, based on the decline of the US dollar against a basket of currencies, prior to the issuance of the decisions of the Federal Reserve at the end of its last meeting of monetary policy during this year.

Gold prices rose about 0.3% to $ 1,467.91, from the opening level of today’s trading at $ 1,463.80, and recorded the lowest level at $ 1,462.67.

And ended the yellow metal “gold” trading yesterday, up by 0.2%, in the second daily gain in a row, supported by the decline in US dollar levels.

The dollar index fell Wednesday by less than 0.1%, to continue its losses for the third day in a row, reflecting the continued decline of the American currency levels against a basket of major and minor currencies.

This decline comes in light of the investors ’reluctance to risk the high-yielding financial assets, in light of the uncertainty about the trade talks between the United States and China, with the approach of imposing a new American fee on Chinese goods valued at $ 156 billion on December 15th. .

The Federal Reserve Board will conclude later in the day its last meeting to discuss the appropriate monetary policy for the developments of the largest economy in the world during this year, amid the full possibilities for interest rates to remain unchanged at the range of 1.75%, and to be satisfied with what has been implemented from the rate cut cycle ( Three times) during this year.

News source: https://rasediraqi.com/