Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

Show news:


04.04.2012 15:48

Gold fell

 

Gold prices down on the background of strengthening of the dollar after the publication of minutes of the March meeting of the U.S. Federal Reserve.

Minutes of the March FOMC meeting, released Tuesday, showed that only two out of 10 voting members of the Federal Open Market Committee sees the need for additional monetary stimulus.

Investor interest in gold in recent weeks has decreased because of good economic performance of the United States. So, today's employment report showed that in March the number of payrolls in the U.S. private sector has grown stronger than analysts predicted, indicating that recovery of the labor market of the world's largest economy.The employment rate increased by 209 thousand against 230 thousand in February, as shown by ADP. More active growth of new jobs may lead to increased wages, it is necessary to maintain consumer spending, which accounts for 70% of the U.S. economy.

In addition, pessimism markets react to the news that the strike jewelers in India, protesting tax increases on their products, have been going on the eighteenth day.

The ECB, on Wednesday left its key interest rate at record low 1.0 per cent per annum, because the recovery in the eurozone looks increasingly fragile, and fears grow in Spain.

April futures price of gold on COMEX has fallen today to $ 1613.0 an ounce.


 

Market Focus

  • Donald J. Trump was inaugurated as the 45th president of the United States
  • Canada: Retail Sales, m/m, November 0.2% (forecast 0.5%)
  • U.S.: Nonfarm Payrolls, January 227 (forecast 175)
  • Eurozone: Consumer Confidence, January -4.9
March 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.

Connect with Us
Share on
social networks
Online
consultant
Request a callback
Top Page