Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

Show news:
  • All news
  • Currencies
  • Stocks
  • Commodities



22.04.2014 15:20

Gold: an overview of the market situation

Gold prices fell sharply today , recording -session with the fourth drop in a row, and reaching the lowest level since early April , as the outflow of capital from the physical gold funds have a weak investment appetite. The dynamics also influenced a significant strengthening of the dollar after upbeat U.S. data .

It is learned that sales of existing homes fell 0.2 % in February to a seasonally adjusted annual rate of up to 4.59 million , said Tuesday the National Association of Realtors. Economists had expected sales to fall more , by 0.7% to an annual rate of 4.57 million sales decreased by 7.5% in March compared with a year earlier .

Meanwhile, the report by the Federal Reserve Bank of Richmond showed in April manufacturing conditions in the region have improved significantly compared with the previous month . Corresponding index of manufacturing activity rose to 7 points in April against March -7 . Economists had expected the index to rise to 0 points.

" Traders seem to be abandoned gold as a safe haven at the moment ," said the head of Saxo Bank Trademark Research Ole Hansen . "Instead, the focus is still the United States, where the economic data continue to point to the fact that interest rates will rise sooner rather than later ."

PRECIOUS little support has concerns about rising tensions in Ukraine. Diplomatic agreements aimed at de-escalation of the crisis in eastern Ukraine , showed signs of disturbances on Monday , as the U.S. and Russia have accused each other of reneging on the agreement reached in Geneva last Thursday. U.S. developed plans for further economic sanctions against Russia if it does not take concrete steps to implement the terms of the Geneva Agreement.

" Outflows of ETFs ETF lately and questions about Chinese demand from end-users in the light of reports that a significant volume of imports used in financial transactions , putting pressure on prices ," - said analyst Edward Meir INTL FCStone . According to the report World Gold Council , and 1000 tons of gold can be used as collateral for loans in China due to the tightening of credit conditions .

The data showed that the reserves fund SPDR Gold Trust declined on Monday to 3 tons - up to 792.14 thousand tons. Just last week, the outflow from the fund amounted to 9.3 tonnes , offsetting growth in the whole of the current year.

June futures on COMEX gold fell to $ 1281.80 .

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