Noor Trends News, Technical Analysis, Educational Tools and Recommendations
The yellow metal rose to all-time high on Monday as relations between the United States and China deteriorated, sparking demand for the safe metal while market sentiment was mixed ahead of more earnings reports.
Gold rose 1.6% to a record $ 1.943 an ounce, exceeding its peak in September 2011 as tensions between China and the United States boosted demand for safe havens, especially safe havens not associated with a specific country such as gold.
European stocks are expected to recover some losses from Friday, with EUR STOXX 50 up 0.2%, while in Asia the shares were mixed.
On the other hand, the dollar index fell 0.4% to its lowest level in two years, while the euro rose 0.4% to 1.1697 dollars, its highest level in 22 months after reaching a European agreement on the recovery fund last week. As for the yen, it fell 0.5% to 105.605, the lowest level in 4 months.
