Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk


Show news:

18.06.2013 15:20

Gold: an overview of the market situation

Gold prices declined significantly, which was associated with the expectations of tomorrow's meeting of the Federal Reserve System, which is expected, the market will have more clarity on the prospects for monetary policy. Add that trades in the U.S. currency and the stock markets are in a narrow range, as uncertainty over the future of U.S. monetary stimulus program investors is the focus of that, just, and helps push gold prices downward.

It is worth noting that the Fed meeting, which is scheduled for this week, has caused much speculation as to what the Fed can reduce the size of its asset-purchase program, which now amounts to $ 85 billion a month.

Recall that the program, known as quantitative easing, aimed at stimulating economic growth in the United States, has helped raise the price of gold to record levels in recent years, keeping the pressure on long-term interest rates and stoking fears about inflation. Fears that the amount of the program can be reduced to help lower prices by 18% this year. Many experts point out that the decline was much larger than many would expect.

We add that the data presented today showed that physical demand in India and China, which are the largest consumers of gold, down from peak levels after the sharp sell-off in April. Any signs of a significant slowdown in demand in the Chinese market would be a big blow to the value of gold, as investors expect that China will be able to compensate for the weaknesses of buying from India. Note that the demand in India has declined markedly after the government increased the duty on imports in order to reduce its current account deficit.

The cost of the August gold futures on COMEX today dropped to 1361.60 dollars an ounce.

Market Focus

  • Euro Area trade balance surplus declined significantly in August
  • Consumer prices in China were up 1.6 percent on year in September,
  • US consumer sentiment surged in early October, reaching its highest level since the start of 2004 says UoM
  • Earnings Season in U.S.: Major Reports of the Week
November 2017
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 2008
  • 2007
  • 2006
  • 2005
  • 2004
  • 2003
  • 2002


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

Fb twitter linkedIn youtube
proficient forex broker teletrade
  • © 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
Request a callback
Top Page