Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

Show news:


02.04.2014 15:20

Gold rose

Gold prices rose after two days of sales, but remain near seven-week low after reporting growth in manufacturing activity and employment in the United States .

Some analysts predict a decline in prices because of the rise in stock markets , while others believe that prices , on the contrary , will increase due to increased demand in the physical market and geopolitical tensions in the Ukraine. Analyst Ed Meir INTL FCStone believes that the rise of stock price does not necessarily cause the outflow of funds from the gold market.

" In addition, although the situation in Ukraine is not so critical , tensions remain , given the accumulation of Russian troops from the Ukrainian border," - he said. "In the medium term charts are negative, but it should be noted that the market moves to the mark when it is resold. We expect that in April, prices will fluctuate in the range of $ 1.250 -$ 1.330 ."

Support gold prices have data on the growth of employment in the United States . As shown by recent data that were presented Automatic Data Processing (ADP), in March of private sector employment increased markedly , came close to the forecasted values.

According to a report last month, the number of employees increased by 191 thousand people, compared with a revised upward figure for the previous month at 178 million ( initially reported growth of 139 thousand ) . Add that, according to the average forecast of this indicator would grow by 192 thousand

Stocks of the world's largest exchange-traded fund backed by gold (ETF) SPDR Gold Trust on Tuesday declined by 2.1 tons to 810.98 tons. Price 99.99 fine gold on the Shanghai Gold Exchange is comparable to the spot price in London. In January, prices in Shanghai have been $ 20 higher than in London, but in March, prices reached $ 08.10 per ounce.

The cost of the June gold futures on the COMEX today rose to $ 1294.90 per ounce.

02.04.2014 15:40

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