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Higher gold prices despite the stronger US dollar
Gold prices rose in today's trading Monday, with the last trading sessions of the month, this comes despite the high levels of the dollar against major currencies, but gold found support which helped him to rise early this week.
Gold prices are currently trading at $ 1234.70 an ounce, after recording its highest level today at $ 135.80 an ounce and the session was opened today at $ 1221.10 an ounce.
The current rise in the levels of gold prices comes under the support that he got the precious metal from lower European stock indexes and the continued decline in the Chinese stock indices, which increased demand for the safe haven of gold at the expense of investment in the stock markets.
On the other hand, we find that the constant fluctuation in gold's performance in light of the continued high levels of the dollar against major currencies which limits the rise in gold prices in the short term and driven to move in the direction of accidental.
The US dollar managed to rise during the past two weeks against a basket of major currencies, and in light of the improved outlook for the US economy to improve economic data published from the US economy account.
The dollar index, which tracks the dollar's performance against a basket of major currencies saw a rise today to its highest level in three weeks to its highest level at 98.35 and was today's session was opened at the level of 98.15 to currently trade at the level of 98.22, while it has fallen to its lowest level at 98.15.
