Trading news

Expert's opinion from FXFinPro

Gold has reached 1200 per ounce

The price of gold dropped to 1200 per troy ounce, which was caused by the publication of positive statistics on the growth of US GDP, which according to the preliminary report, increased by 0.8%, that is 0.1% more than the previous estimate. In addition, Fed Chairwoman Janet Yellen said on the possibility of the Fed raising interest rates in the coming months. The main factors that will influence this decision will be inflation in the country and the state of the labor market. Our medium-term outlook remains negative with the potential to fall to 1100 dollars per troy ounce in the near future, but after the recent decline is likely a short-term correction.

More detailed analytics you can see at our site https://fxfinpro.com/en/analytics

 

Monday, 30 May, 2016 / 1:55

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source :

Trading news

 

US employment data to dictate mood; OPEC can’t lift oil

  Spotlight falls on the US jobs report today; risks around dollar [...]

Posted on Friday, 06 Dec, 2019 / 10:10 under

Traders Eye Payrolls Report After Weak ADP

The markets continue to whipsaw ahead of today’s payrolls report. This [...]

Posted on Friday, 06 Dec, 2019 / 9:53 under

THE POUND ROSE TO ITS HIGHEST LEVEL IN ALMOST 7 MONTHS. WHAT'S NEXT?

On Wednesday, the GBP/USD crossed the 1.3000 level and set a new high in [...]

Posted on Friday, 06 Dec, 2019 / 9:35 under