Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

Show news:


29.08.2013 15:21

Gold: an overview of the market situation

The cost of gold futures fell slightly , which was due to pressure from the U.S. dollar, as well as investor speculation that the Federal Reserve may soon resort to a decline in asset-purchase program against the publication of better-than -expected GDP data .

It is learned that the U.S. economy grew higher than previously expected, as in the second quarter, exports and business investment were revised higher, showing that the strong growth trajectory will continue in the second half of the year. According to the report , the gross domestic product grew in the second quarter by 2.5 % year on year. The initial assessment , which reported last month , was 1.7%. Economists had expected the revision of GDP growth in the second quarter to 2.3 %.

GDP report , which was released today , paints a picture of the economic recovery is gaining momentum , although growth remains weak by historical standards . These figures for GDP growth - the last before the Fed meeting on September 17-18, and the Fed decision to reduce the bond purchase program (or a failure to take such a decision .) Earlier, officials of the Federal Reserve reported that the redemption of bonds may be reduced if the economy will continue to grow .

Meanwhile , we note that the dynamics of trading continues to influence the tense situation in Syria. In recent days Washington further tightened rhetoric against Damascus , accusing it of using chemical weapons. The Pentagon said it was ready to strike at Syria as soon as is ordered by President Barack Obama. U.S. Vice President Joe Biden said Tuesday that the U.S. administration is engaged in intensive consultations with our allies .

In addition, experts say that there are signs that the recent rise in gold prices was related to the limited demand for gold bars and jewelry from major customers in Asia.

The cost of the October gold futures on COMEX today dropped to $ 1405.40 per ounce.

Market Focus

  • The eurozone started the third quarter on a solid footing, according to PMI survey data
  • Earnings Season in U.S.: Major Reports of the Week
  • German private sector output growth slowed for the second month running in July
  • ECB's Mersch says as conditions normalise, it is unlikely that uncoventional policies will remain necessary
July 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