FX & CFD trading involves significant risk
Gold is more expensive due to the increase of the euro economy on the eve of release of money by the European Central Bank. On Tuesday, the euro rose to a three-month highagainst the dollar as the ECB on Wednesday to allocate 500 billion euro market. Analysts believe that this news is already incorporated in the price, and further its growth will be limited.
Last week, gold has risen in price by 3.3 percent to a three-month high, but growth stoppedas it approaches the $ 1.790 an ounce.
Rising prices caused a reduction in physical demand in India - the largest consumer of gold- even with an increase in the rupee against the dollar.
March futures price of gold on COMEX today rose to 1784.6 dollars per ounce.
All posted material is a marketing communication solely for informational purposes and reliance on this may lead to loss. Past performance is not a reliable indicator of future results. Please read our full disclaimer.