Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

Show news:


01.11.2013 16:21

Gold fell to a two-week low

The price of gold reached a two-week low after a sharp drop on Thursday caused by profit-taking at the end of the month , strong economic performance and the strengthening of the U.S. dollar.

Business activity in the U.S. Midwest in October exceeded forecasts by increasing the volume of new orders to the maximum level in 2004 , while the number of applications for unemployment benefits fell last week.

The published data on Friday Institute for Supply Management (ISM) showed that despite the suspension of the government , manufacturing activity in the U.S. in October remained at a high level as last month. Purchasing Managers Index (PMI) for the manufacturing sector in the U.S. October was 56.4 against 56.2 in September. The October index was the highest since April 2011 .

Investors fear that the improvement in the economy will force the Fed will soon begin to reduce the volume of buying bonds to $ 85 billion a month.

The outflow of funds from the world's largest secured gold ETF SPDR Gold Trust this year has exceeded $ 20 billion , and its reserves are close to a minimum of four years.

China in September, the fifth consecutive month, bought more than 100 tons of gold in Hong Kong due to the high demand for jewelry and bullion. This year, China could become the world's largest consumer of gold instead of India .

The cost of the December gold futures on COMEX today dropped to $ 1305.60 per ounce.

01.11.2013 16:45

Oil fell

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