Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

Show news:


05.05.2014 15:20

Gold: an overview of the market situation

Gold prices rose sharply today , reaching in this three-week high , as the escalation of tensions in Ukraine boosted demand for safer assets . Also, add that overcoming the key resistance level is also supported .

Experts note that investors continued to monitor developments in Ukraine, because hostility between Kiev and Moscow remains at a high level. During the weekend in eastern Ukraine were clashes between the army and the Ukrainian pro-Russian forces , and this has raised fears that the crisis will intensify and will be drawn into a confrontation the United States. U.S. Secretary of State John Kerry on Sunday threatened new sanctions Russia if Moscow does not stop supporting separatists in eastern Ukraine .

The dynamics also continued to affect U.S. employment data , which were presented on Friday . They showed that the U.S. economy in April has created more jobs than in any month in the past two years . However, it was seen weaker profit growth and a reduction in working towards all able-bodied population .

As regards the situation in the physical market , the Chinese buyers were active during the night, dealers said .

" Chinese demand has improved slightly over the past two weeks , and the premium on gold on the Shanghai Gold Exchange broke out of negative territory, and were slightly up - at about $ 0.50 ," said in Standard Bank. "This suggests that the demand , especially from China , may improve when the price falls below $ 1,300 ."

It should also be noted that the weakness of investment puts pressure on gold in recent weeks. Stocks in SPDR Gold Trust fell by 2.70 tons - up to 782.85 tonnes on Friday , bringing the outflow for the week amounted to nearly 10 tons.

In addition, it was reported that on April 29 week ended fund managers cut net long positions in gold to the lowest level since mid-February. Volume products decreased in April by 25 percent, the steepest decline since November, and investments in gold ETFs fell to the lowest since 2009.

To date, the cost of the June gold futures on COMEX rose to a high of $ 1311.10 .

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
16
17
18
19
20
21
22
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