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

 

EUR dropped as Covid-19 engulfed Europe

  The focus of traders’ attention shifted from Brexit and the [...]

Posted on Wednesday, 28 Oct, 2020 / 11:27 under

Euro under fire as new lockdowns loom

  Euro on the chopping block ahead of potential French lockdown [...]

Posted on Wednesday, 28 Oct, 2020 / 10:06 under

DAX plummeting after Merkel proposed 1-month lockdown restrictions – DAX 30 Market Outlook – 28/10/2020

The Dax-30 is heading towards a third consecutive daily close in the red, [...]

Posted on Wednesday, 28 Oct, 2020 / 8:47 under