Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

Show news:


09.09.2013 15:21

Gold: an overview of the market situation

Gold prices fell slightly today , but still reduced their early losses , as many market participants continue to analyze Friday's U.S. employment data . In addition, the course of trade affect the expectations that the Fed may still insist on some reduction of monetary stimulus . Note that the assumptions on the fact that the U.S. central bank may cut back on their monthly purchases of bonds in the amount of $ 85 billion , which is a key factor in price increases, contributed to the fall in gold prices this year by 17 % after more than a decade of growth.

Also today it was announced that hedge funds and other speculators increased bullish positions in gold , amid concerns that the conflict in the Middle East will drive the price of crude oil will slow down economic growth and ignite inflation.

Net long positions rose by 3.6 percent to 101,396 futures and options in the week ended Sept. 3 , - data showed US Commodity Futures Trading Commission. Long positions rose 0.6 percent, and short contracts fell by 8.6 percent . Net bullish stance on U.S. 18 tradable goods fell 0.3 percent, as investors have become less optimistic about copper.

Meanwhile, we add that many traders are closely watching the Indian demand for gold, which usually reaches its peak in the fourth quarter against the fact that officials of the largest consumption of gold country in the world have taken measures to curb imports in an attempt to reduce a record current account deficit .

The cost of the October gold futures on COMEX today rose to $ 1388.20 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