FX & CFD trading involves significant risk
Gold prices retreated on Tuesday marked maximum 3.5 months on profit and reduce purchases in the physical market .
Margins on gold bars in Hong Kong are held at $ 1.30-1.70 to the spot price in London. Stocks of the world's largest exchange-traded fund backed by gold (ETF) SPDR Gold Trust on Friday fell by 0.63 percent , while the stocks of the largest secured silver fund iShares Silver Trust - 0.59 percent.
Gold demand fell 15 percent in 2013 , as a massive outflow of funds from the ETF- funds outweighed record demand in the consumer market , said the World Gold Council .
Investors are waiting for the January meeting, the Fed report , which will be published today at 19:00 GMT. Demand for precious metals waned on expectations that within the current protocol will still make the Fed 's commitment to reduce the current $ 65 -billion program of monthly purchases of assets. However, investors will also seek out hints of willingness by the Central Bank to " take your foot off the brake pedal " in case of deterioration in the labor market or the economy as a whole.
This year gold has risen in price by 9.5 % on purchases due to the volatility of emerging markets and concern the U.S. economic recovery process .
The cost of the April gold futures on the COMEX today from bottom up to $ 1314.20 per ounce.
|remaining time till the new event being published|
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.