FX & CFD trading involves significant risk
Gold prices appreciated a second day currently quoted at USD1,205.90 or +0,3% a troy ounce just above the important level of USD1,200 supported by a broadly weaker greenback after losing -1.1% on Friday after the better-than-expected U.S. labour market data.. Declining equity-indices, weighed down by energy shares after the oil prices further declined and disappointing German data further supported the precious metal. In times of economic uncertainty gold becomes more attractive as a protection of wealth. Markets are awaiting the FED's policy meeting next week to assess when the bank is going to increase benchmark interest rates.
GOLD currently trading at USD1,205.90
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.