FX & CFD trading involves significant risk
Today, gold prices peaked in April at a time when the Federal Reserve System may soon declare on another round of quantitative easing. Later, the price of gold fell, as market participants are wary of meeting of key central banks, which will be held at the end of the week.
Recall that last week, in his letter to Federal Reserve Chairman Ben Bernanke said that the Fed has a number of reasons for additional stimulus measures. While recent U.S. data was mixed, economists remain concerned about unemployment and the rate of recovery.
Further incentives in the form of quantitative easing, a positive impact on cost, as market participants would use it in the fight against inflation and protection of their capital.
Against the background of the low volume of trading gold hard to continue upward movement. Many analysts suggest that further appreciation of precious metals must first overcome entrenched above $ 1,675 per ounce, which opens the way to a level of $ 1,700.
The cost of the August gold futures on the COMEX is now 1669.4 dollars per ounce.
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