FX & CFD trading involves significant risk
Gold prices are down against the dollar strengthening. Contrary to the expectations of experts, publication of data in the U.S. Labor Department last Friday, and the message about the end of the strike jewelers in India have contributed to an increase in gold prices.
Although demand in India - the world's largest gold market - and grew up after the strike, the dealers are surprised that demand is still relatively small.
Gold production in China in February rose by 11 percent in January to 26.9 tons,according to the Ministry of Industry and Information Technology. China - the largest gold producer in the world and last year produced a record number.
May futures on the COMEX gold fell today to $ 1632.6 an ounce.
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.