Trading news

Gold extends losses to $1,212.00 a troy ounce

Gold extended its losses for the fourth straight trading session, thus dropping to five-month lows, following Trump's election as the next U.S. President.

Gold lower to $1,212.00

The precious metal's December delivery, on the New York Mercantile Exchange on the Comex division, declined to $1,212.00 a troy ounce.

Amid the latest optimism that Trump's administration could spike inflation and economic growth, due to an increase in tax cuts and fiscal spending, the commodity fell more than 3% last Friday.

The investors and the speculators are currently predicting that the rate hike has a chance of 81.1% to take place.

Moreover, elsewhere, silver futures traded at $17.34 a troy ounce, declining 0.21%, whereas copper futures escalated 2.23% to $2.565 a pound.

Read More

Monday, 14 Nov, 2016 / 1:42

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

Source : https://www.argusfx.com/en/research-education/market-analysis/news/gold-extends-losses-to-1.212.00-a-troy-ounce

Trading news

 

Can the Bank of Canada pull off a ‘cautious’ tapering?

· Bank of Canada likely to scale down its vast QE program today [...]

Posted on Wednesday, 21 Apr, 2021 / 9:16 under

JOHNSON & JOHNSON SHARES SPIKE ON EARNINGS BEAT

The company’s quarterly results come at a time when the distribution of [...]

Posted on Wednesday, 21 Apr, 2021 / 7:42 under

Intraday Market Analysis – Recovery Momentum

EURUSD breaks above key resistance eurusd The euro recoups last month’s [...]

Posted on Tuesday, 20 Apr, 2021 / 1:00 under