Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

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



01.10.2013 15:20

Gold fell unexpectedly

Contrary to expectations, after a partial suspension of the U.S. government's gold does not receive support in the form of a demand for " safe haven ." On the contrary, after experiencing a short-term upward trend line price of gold dropped significantly, and we can talk about the continuation of the trend that has occurred since the end of August.

At the moment, the price of gold has received support at the lows on September 18 - in 1290 dollars per troy ounce.

While it turns out that the political opposition in the United States led to a decline in demand for gold. This is explained by the fact that in a slowing economy (which is possible ) Fed policy will remain challenging, possibly up to 2014 , and the demand for gold will decline.

The weakening of the U.S. dollar did not result in a reversal of the price of gold - in contrast to the usual relationship , when the decline of the dollar leads to an increase in prices expressed in its raw material assets .

Recall that during the suspension of U.S. government agencies in the winter of 1995-1996 gold, while costing less than $ 400 per ounce, which added about 3 percent, and in the course of negotiations to raise the upper limit of the debt in 2011 , when the agreement was reached at the last moment , the price reached a historic high of $ 1,920 .

The cost of the October gold futures on COMEX today dropped to $ 1286.00 per ounce.

01.10.2013 15:40

Oil fell a third day

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