Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk


Show news:

25.02.2015 16:20

Gold: а review of the market situation

Gold futures rose moderately, further retreating from a seven-week low, after the Fed chief signaled that the rate increase is not inevitable. Yesterday Yellen said that the Fed will show flexibility in the timing of raising the base interest rate. She also emphasized that the changes in the formulation of positions Fed monetary policy should not be interpreted as an intention to necessarily raise rates at the next meeting. She added that sounded a statement on the results of the January meeting of the word "patience" that the Fed will show leadership with regard to interest rates, mean that their increase is unlikely "in the next couple of meetings." Among other things, the head of the Federal Reserve said risks to the US economy from other regions of the world. It is worth emphasizing, gold has been under pressure in recent weeks amid lingering expectations that this year, the Federal Reserve will raise interest rates. Expectations rise in interest rates has a negative impact on the dynamics of the price of gold, because it can not compete with earning assets at high rates.

Had little effect as of today's US data. The Commerce Department reported that sales of newly built, single-family homes fell by 0.2% compared to the previous month and reached a seasonally adjusted annual rate of 481 000. Economists had expected sales to fall to 477 000. The figures for the previous month was revised up level of 482,000 to 481,000 initial value, making December the strongest month since June 2008. Sales of new buildings account for about one-tenth of the total housing market, and monthly figures are often revised. The data showed that the weather could keep the housing market in the northeast. Sales of newly built, single-family homes in the region fell by 51.6% to an annual rate of 15 000, the lowest figure ever recorded. Sales in the West were lower, while the Midwest and South have recorded growth. Nationwide, the stock remains constant. Given the pace in January, it would take 5.4 months to exhaust the supply of newly built homes on the market. The average price of a house under construction was $ 294,300 in January, up 9.1% compared to $ 269,800 a year earlier.

Higher prices also helped by the fact that today many Chinese market participants returned after celebrating the New Year according to the lunar calendar, which lasted about a week. Since the beginning of the new year in China, experts expect an increase in demand for metals, including gold. Margins on the Shanghai Gold Exchange rose to $ 5- $ 6 per ounce to the spot price from $ 3- $ 4 before the Christmas holidays a week ago.

April futures price of gold on the COMEX today rose to 1203.90 dollars per ounce.

Market Focus

  • U.S.: Industrial Production (MoM), September 0.1% (forecast 0.2%)
  • Britain can't get full single market access with free movement concessions - Merkel
  • Earnings Season in U.S.. Major Reports of the Week
  • New Zealand CPI, 3Q: 0.2% q/q (forecast 0%), 0.2% y/y (forecast 0.1%)
October 2016
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 2008
  • 2007
  • 2006
  • 2005
  • 2004
  • 2003
  • 2002


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:

  • Онлайн-консультация
  • Заказать звонок
  • Написать письмо
Connect with Us
Share on
social networks
Request a callback
Top Page