FX & CFD trading involves significant risk
Gold cheaper together with shares, oil and the euro due to profit taking following the price increase to a maximum of 6.5 months last week.
Last week, the price rose by 2 percent a day after the U.S. Federal Reserve announced the start of the third stage of "quantitative easing" - buying mortgage-bonds to $ 40 billion a month.
In Europe, investors focused on concerns regarding the banking system in Spain and Greece's ability to make budget cuts necessary to obtain further financial support.
October futures price of gold on the COMEX is now 1766.4 dollars per ounce.
|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.