Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

Show news:


05.12.2014 16:20

Gold: а review of the market situation

Gold prices dropped significantly today, dropping at the same time below $ 1,200 per ounce, which was related to the strengthening of the dollar after the release of strong data on US labor market, which increased the likelihood of an earlier Fed rate hike.

The dollar index, calculated by Bloomberg and tracks the US dollar against 10 major world currencies, jumped during the auction at 0.7%, up to a maximum in March 2009.

Earlier it was reported that the number of people employed in non-agricultural sectors of the economy grew a seasonally adjusted 321,000 in the last month, this is the strongest hiring month since January 2012. Hiring was broad-based across the economy, led to a marked increase in the sector of professional and business services. Changes showed that employers added more 44 000 jobs in September and October than previously thought. Employment in October was revised up to 243,000 from 214,000, and September increased by 271 000 has been revised to 256 000. The unemployment rate, which is obtained from a separate survey of households in the US was 5.8% in November, unchanged from the previous month, remaining at its lowest level since mid-2008. Economists had expected employment to increase by 225,000 in November, and the unemployment rate will remain unchanged.

"The report was just stunning - the analyst noted Commonwealth Foreign Exchange Omer Eshiner. - He may well give rise to speculation that the Fed will be to raise rates before the middle of next year, which will cause a further increase in the dollar. "

"The growth of gold is partly due to the performance and demand in the physical market, but the main factor for this market - macroeconomics. The main theme - the strengthening of the dollar and US economic growth - is preserved "- said an analyst at Mitsubishi Jonathan Butler.

As for the situation in the physical market in China, there is gold sold at a premium of $ 01.02 per ounce to the spot price. Also, today's data from the Istanbul Gold Exchange showed that Turkey in November, more than double the gold imports to 46.9 tons (maximum amount more than six years).

Cost of January futures for gold on the COMEX today fell $ 8.12 to 1194.20 dollars 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%)
December 2016
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 2008
  • 2007
  • 2006
  • 2005
  • 2004
  • 2003
  • 2002
Mon
Tue
Wed
Thu
Fri
Sat
Sun
12
13
14
15
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

  • © 2011-2016 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