Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

Show news:


28.05.2014 15:20

Gold fell

Gold prices two months to keep the range , begin to decline : the precious metal futures in New York fell to a minimum of 15 weeks amid rising U.S. stock market to record highs .

Stocks exchange traded products (ETF), focused on gold, close to a minimum in 2009 , and investment company cut long positions in precious metals by a third compared with the peak of this year, recorded in March.

Gold loses ground won in the first quarter , when quotes rose to the maximum value for the period from 2008 to the aggravation of relations between Ukraine and Russia and winter slowing U.S. economy . Goldman Sachs Group Inc. and Societe Generale SA forecast that the precious metal , according to the results in 2013 cheapened by 28% , will continue to fall in price. Futures retreated 9.2 % of the maximum of this year, as disclosed in mid-March.

" I see no reason for the rise in price of gold - said the chief investment officer of Houston Kanaly Trust Co. James Shelton involved in managing assets for $ 2.1 billion - Investors continue to favor equities. Gold will be cheaper , unless there is a sharp jump inflation. "

In May quotes gold contracts fell by 2.4% after rising prices by less than 1 % in April, while the index Standard & Poor's GSCI Spot, reflecting the dynamics of 24 commodities rose 0.5 %. Global benchmark MSCI All-Country World since the beginning of the month rose by 1.6 % and the bonds Bloomberg Treasury Bond - 0.9%.

The cost of the June gold futures on the COMEX today dropped to $ 1257.0 per 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

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