Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

Show news:


27.08.2013 15:21

Gold: an overview of the market situation

Gold prices rose sharply today, reaching thus the highest level since June, as the political tensions around Syria contributes to increased demand for the precious metal as a store of value. We also add that this concern is also reflected in the cost of platinum, the price of which has reached four-month high.

Note that the U.S. secretary of state John Kerry made an extraordinary statement in which he called the information on the use of chemical weapons in Syria convincing and based on facts. He blamed the use of chemicals in the Assad regime, adding that the authorities destroyed evidence. Barack Obama considers the sheer power of action in Syria. Also, John Kerry, in a special statement promised that the United States and its partners will manifest evidence of the use of chemical weapons in Syria.

He assured that U.S. authorities already have some additional information in the near future it will be presented to the international community.

We add that the price of gold has soared by 18%, retreating from 34-month low of $ 1,179.40 an ounce, which was recorded in June, as lower prices boosted demand for jewelry, coins and bullion.

Analysts say that the fact that investment demand rose several times in recent years, and in conjunction with the escalation of the Syrian conflict, we can expect further price rises in the future.

The cost of the October gold futures on COMEX today rose to $ 1418.70 per ounce.

Market Focus

January 2017
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 2008
  • 2007
  • 2006
  • 2005
  • 2004
  • 2003
  • 2002

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