Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

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



06.12.2012 16:27

The price of gold rose above $ 1700 dollars

Today, for most of trading gold was trading slightly lower, but the situation changed dramatically after the European Central Bank announced a reduction in GDP growth forecasts. According to their estimates, next year the economy contracted by 0.3%. Meanwhile, just three months ago predicted GDP growth of 0.5%. As for 2014, the ECB expects economic growth of 0.2% -2.2%.

Note that the confidence in gold began to decline this month after the course was not able to reach a level of $ 1,730 in November. Many investors preferring the more risky and interest-bearing assets, while the amount of investment in gold declined.

In addition, market participants expect tomorrow's report on employment in non-agricultural sector, as well as a clear signal that the United States intention to fight to the prevention of so-called "fiscal cliff."

Recall that yesterday, the gold price in euro drifted into oversold after falling nearly 2% this week, showing at the same time the biggest one-day drop in six months, and the lowest level since mid-July at around EUR 1,288.85 per ounce.

Meanwhile, investors' appetite for physical gold and physical securities investment products remains high, while in one of the largest gold ETF SPDR Gold Trust, it remains at a record high.

Demand in India, which has historically been the largest buyer of gold in the world, was also increased as prices have fallen to their lowest level in a month.

December futures price of gold on the COMEX is now 1700.50 an ounce.


Market Focus

  • The Bank of Japan decided by a 7-2 majority vote to hold the interest rate at -0.10%
  • Earnings Season in U.S.: Major Reports of the Week
  • U.S. commercial crude oil inventories decreased by 4.7 million barrels from the previous week
  • Australian unemployment rate stable at 5.6% in June
July 2017
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 2008
  • 2007
  • 2006
  • 2005
  • 2004
  • 2003
  • 2002
Mon
Tue
Wed
Thu
Fri
Sat
Sun
1
2
24
25
26
27
28
29
30
31

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