What are the factors that pushed gold to its highest level in two months?


Gold was able, after long patience, to exceed the level of $ 1800 an ounce, coinciding with the weakness that dominates the dollar.

And gold increased during those moments to its highest level since early February, and the price of an ounce of gold for immediate delivery was $ 1811.

Gold rose more than $ 27, an increase of 1.8%.

The performance of risk appetite is witnessing a decline in the markets during trading today, Thursday, in light of the increasing concerns related to the Corona virus.

Major US stock indices opened mixed on Thursday after data showed weekly jobless claims fell more than expected.

The Dow Jones index marginally declined by less than 7 points at 34.239 thousand points.

While the Standard & Poor’s 500 fell by about 0.26% to the levels of 4155 points, and the Nasdaq 100 fell by about 100 points to the levels of 13482 points.

The number of Americans filing for new unemployment benefits decreased last week as the labor market recovery gained momentum amid an economic boom.

The US Labor Department said on Thursday that the total government jobless claims submitted for the first time reached a level adjusted in light of seasonal factors at 489,000 applications for the week ending May 1, compared with 590,000 the previous week.

While the dollar index fell, while the dollar index, which measures the currency’s performance against a basket of 6 major currencies, fell to 90.9 levels, by more than 0.42%.

The yield on the 10-year US bond fell to 1.57., trading at a two-week low


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