Gold and Silver

Stability in the global gold market

Stability in the global gold market
Mining News Pro - The gold price on Monday morning did not change much in the world markets as compared to last Friday (July 27th), because the pattern of movement of major currencies, such as the US dollar, remained on the verge of the meeting of the major central banks of the world.
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Mining News Pro, According to Reuters, this morning, the US dollar could not rise against other major currencies, as market participants are waiting for the outcome of the Central Bank meeting, which could be decisive in the medium term for the currency market.

Major Central Banking policy meetings are held these days and the two-day meeting of the Bank of Japan will end tomorrow. The Bank of England`s policy meeting ends next Wednesday, and the Bank of England will decide tomorrow about its future policies.

Accordingly, gold was traded at London Stock Exchange at 01:07 GMT on Monday morning at $ 1,222 and 68 cents an ounce, which did not change much compared to last Friday`s price.

The price of the yellow metal on the American Comex market fell by only 0.1 percent to $ 222 an ounce last Friday.

The Asian stock market index is falling steadily this morning, while currency exchange rates are unlikely to change. The current week, according to the meetings of the central banks of the world, the publication of the corporate finance report and the release of the report on inflation and employment in the United States, is a busy week.

The president of the United States, Donald Trump, said the Democrats will close the central government if the Democrats do not finance the border wall (between the United States and Mexico) and refrain from changing the immigration law.

His determination to pursue his policies is in the Republican interest in the November congressional (November-November) election.


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