Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

Show news:


20.06.2013 15:20

Gold: an overview of the market situation

The cost of gold has declined substantially, falling at the same time below $ 1,300 per ounce, which was the first time in nearly three years, as traders rushed to sell gold, after the Federal Reserve hinted at a possible decrease in the volume of its asset-purchase program.

Recall that yesterday the chairman of the Board of Governors of the Federal Reserve Ben Bernanke said that the U.S. Federal Reserve may begin to reduce the volume of quantitative easing (QE) later this year if the country's economic recovery will continue at the pace at which the central bank expects. According to him, the decline in purchases in one month does not mean that the Fed will not be able to increase it in the next month, if the data is worse. Perhaps the Fed will stop buying government bonds at about the same time when the unemployment rate to reach 7%, but this is only a guideline, not a hard and a guide to action, Bernanke added. Meanwhile, Ben Bernanke at a news conference he tried to separate the reduction in the purchase of assets from higher short-term interest rates, as many economists expected. He stressed that the rate increase will not happen immediately, even after achieving the stated macroeconomic thresholds in December (including the unemployment rate of 6.5%) - the Fed wants to ensure sustainability of recovery.

Note that since the beginning of 2013, gold was dumped at the price of 22% due to the financial policy of the United States, aimed at the gradual reduction of the volume of stimulation.

The cost of the August gold futures on COMEX today fell to 1299.60 dollars an ounce.

Market Focus

  • Donald John Trump will be the 45th president of the United States
  • Britain can't get full single market access with free movement concessions - Merkel
  • China: Trade Balance, bln, October 49.6 (forecast 51.7)
  • New Zealand CPI, 3Q: 0.2% q/q (forecast 0%), 0.2% y/y (forecast 0.1%)
January 2017
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 2008
  • 2007
  • 2006
  • 2005
  • 2004
  • 2003
  • 2002
Mon
Tue
Wed
Thu
Fri
Sat
Sun
23
24
25
26
27
28
29
30
31

Quotes

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.

To maximize our visitors browsing experience TeleTrade uses cookies in our web services. By continuing to browse this site you agree to our use of cookies. If you disagree, you may change your browser settings at any time. Read more

  • © 2011-2017 TeleTrade-DJ International Consulting Ltd

    TeleTrade-DJ International Consulting Ltd is registered as a Cyprus Investment Firm (CIF) under registration number HE272810 and licensed by the Cyprus Securities and Exchange Commission (CySEC) under license number 158/11.

    The company operates in accordance with Markets in Financial Instruments Directive (MiFID).

  • The information on this website is for informational purposes only. All the services and information provided have been obtained from sources deemed to be reliable. TeleTrade-DJ International Consulting Ltd ("TeleTrade") and/or any third-party information providers provide the services and information without warranty of any kind. By using this information and services you agree that under no circumstances shall TeleTrade have any liability to any person or entity for any loss or damage in whole or part caused by reliance on such information and services.

  • TeleTrade cooperates with SafeCharge Limited, which is an electronic money institution authorized and regulated by the Central Bank of Cyprus and is a principal member of MasterCard Europe and Visa Europe. We also cooperate with Moneybookers and Neteller, which offer electronic e-wallet services authorized and regulated by the Financial Conduct Authority.

    Please read our full Terms of Use.

  • To maximize our visitors browsing experience TeleTrade uses cookies in our web services. By continuing to browse this site you agree to our use of cookies. If you disagree, you may change your browser settings at any time. Read more

    TeleTrade-DJ International Consulting Ltd currently does not provide its services to residents or nationals of the USA, and also doesn't provide retail Forex and CFD accounts to residents or nationals of Belgium.

Служба технической поддержки:
8-800-200-31-00, support@teletrade-dj.com

  • Онлайн-консультация
  • Заказать звонок
  • Написать письмо
Connect with Us
Share on
social networks
Online
consultant
Request a callback
Top Page