Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

Show news:


14.01.2014 16:21

Gold: an overview of the market situation

Gold prices rose today , while reaching its highest level in a month , which was due to the depreciation of stocks and uncertainty about growth prospects after a disappointing U.S. employment data , voiced last week. Markets believe that Friday's employment report may prompt the Fed to proceed with caution against narrowing its program of monetary stimulus , which will be a fall stock prices and cheaper dollar.

"The weak dollar and the employment report helped gold rise. In the near future , at least , these rates continue, because they also provide support for the purchase of in China before the New Year by the lunar calendar" - said the managing director GoldSilver Central Pte Ltd in Singapore , Brian Lang .

In addition, the course of today's trades affected data from the Association of Gold China, which showed that in January-November 2013 , China increased its gold production compared with the same period in 2012 to 7.01 % - up to 392.141 tons. Including gold production amounted to 321.115 tons, which is 4.08 % more than in 2012 . In November issue amounted to 44.487 tons of the precious metal . To

China is the largest gold producer in the world - the release of the precious metal in 2012 in the country , according to CGA, amounted to 403.05 tons. Last year, China also took second place for the consumption of gold ( after India ) - 768 tons. During the first 9 months of 2013 , according to the World Gold Council, China's consumption of the precious metal was 797.8 tons , surpassing the same period in India. In addition, previously reported that , perhaps on the basis of China in 2013 overtook Italy and France on gold reserves in foreign exchange reserves , taking third place on this indicator after the U.S. and Germany.

Meanwhile, adding that today the sale of 99.99 fine gold on the Shanghai Gold Exchange rose to 15.73 tons 14.63 tons on Monday, and ">Cost February gold futures on the COMEX today rose to $ 1252.20 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