FX & CFD trading involves significant risk
Gold prices continued to show a negative trend during the trading session on Thursday in connection with relatively successful results of auction of government bonds of Italy, as well as the strengthening dollar.
Italian authorities posted on Thursday, three-, seven-and ten-year government bonds for a total of 7 billion euros. It proved to be less than the planned 1.5 billion euros, but the yield in comparison with the earlier auctions declined. Ten-year securities yield was 6.98% vs. 7.56% at placing similar debt securities in November. This location was the last country in the past year and was seen by analysts as vital for the market: it is the ten-year securities are considered crucial.
The pressure on gold quotations has also rising in price U.S. currency. Meanwhile, lower prices for precious metals has slowed down after it became known that the number of initial claims for unemployment in the U.S. for the week rose more than analysts had expected - to 15 thousand to 381 thousand. Experts expected increase of only 8000.Indicator of the previous week was revised upward - up to 366 000 to 364 thousand applications.
February gold in electronic trading on the New York Stock Exchange on Comex fell by 1.8% - up to 1535 dollars per troy ounce. Dollar against the basket of six currencies of countries - major trade partners of the United States grew by 0.19% - up 80.68 points.
|remaining time till the new event being published|
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.