Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

Show news:
  • All news
  • Currencies
  • Stocks
  • Commodities



12.11.2012 16:21

Gold continues to rise

 

Gold continues to go after the most successful week in late August because of concerns that the U.S. recession may begin, if Congress does not agree on reducing the budget deficit.

Precious metal rising in price while the dollar is under pressure from fears about threatening the U.S. financial crisis. If the White House and Congress agree, at the beginning of next year, will come into force automatically spending cuts and tax increases, estimated at $ 600 billion, which could push the U.S. economy into recession.

Euro holds above a two-month low against the dollar as Greece's ruling coalition won enough votes in parliament to approve the budget for 2013.

Today, the euro zone finance ministers meet in Brussels to discuss Greece's selection of a new portion of loans. According to German Finance Minister Wolfgang Schaeuble, the "troika" of international creditors are unlikely to present a full report on Monday on Greece.

On the physical market, jewelers reduced purchases, speculators and investors are waiting for the new price increase. Importers in India also stopped buying, because due to the weakening rupee, local prices increased to a maximum of seven weeks. The festive season, with rising demand for gold will culminate this week during festivals Dhanteras and Diwali, but the wedding season will last until December.

December futures price of gold on COMEX today rose to 1738.30 dollars per 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