Money and business
Gold in a week .. concluding with a decrease after the height of the height on Monday
Gold last week ended a decrease, as at the level of 3,355 dollars an ounce, affected by profit reaps after reaching its weekly peak near 3,452 dollars on Monday. The term, the basic factors still support gold in the medium term, in light of the continued demand from central banks and the escalation of geopolitical risks, which enhances its attractiveness as a safe haven." European Central , England Bank, cautious data on its cash orientations, which increased the possibility of interest rates high for a longer period. Geopolitical ambiguity." The interest at 4.25%, while three members supported a reduction by 25 basis points. The operating room for the second time in a week, giving officials two weeks to provide military and diplomatic options on the Iranian file." Nuclear . Media reports that the recent security meetings included a review of the fortified nuclear facility in the Iranian “Fordo”, which opens the door to the possibility of direct military intervention, in light of a possible threat to the Strait of Hormuz – one of the most important energy corridors globally, through which about 20% of oil and gas supplies pass through it. (Xau/USD) a deeper decline in April altitudes, as the price failed to penetrate the $ 3,400 barrier, and momentum indicators decreased by "fxstreeet" The price decreased below the level of technical support of $ 3,371, which represents 23.6% of the Fibonacci correction of the rising wave between 2,956 and 3,500 dollars, which paves the way for more declines. 3,318 dollars, then at the level of 3,292 dollars, which represents 38.2% of the technical correction.
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