Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

Show news:


16.06.2014 15:20

Gold: an overview of the market situation

Gold prices fell sharply, while retreating from three-week highs reached earlier, that was due to the weakening of the U.S. currency.

It is worth noting that the markets continue to monitor developments in Iraq, where militants linked to al-Qaeda, threatened to seize Baghdad after the capture key cities in other parts of the country over the weekend.

Investors were also cautious in anticipation of the outcome of the upcoming policy meeting of the Federal Reserve System, scheduled for Wednesday, searching for fresh hints as possible increase in interest rates.

On the dynamics of trade also affected U.S. data. The survey revealed that the Fed-New York manufacturing index in the region rose slightly in June compared with the previous month. According to the data, the manufacturing index in June rose to 19.3 against 19.0 in May. Note that the previous value has not been revised. Economists had forecast a drop in the index to the level of 15.2 points.

Meanwhile, another report showed: industrial production rose a seasonally adjusted 0.6% from April. Capacity utilization rate, closely watched gauge of efficiency in the economy, increased by 0.2 percentage points to 79.1% in May. Economists had expected industrial production to rise by 0.6% in May and capacity utilization will rise to 78.9%.

Increased production in the last month replaced drop by 0.3% in April compared with the previous month - a smaller drop than originally voiced reduction of 0.6%.

Growth in May, reflecting an increase of 0.6% in the production of the manufacturer and an increase of 1.3% in the mining sector, which was partially offset by a decrease in production in the municipal sector by 0.8%. Total industrial production in May rose 4.3% compared with a year earlier.

The cost of the August gold futures on the COMEX today dropped to $ 1275.8 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