Trading news

Gold falls but remains high

Gold declined even lower today, but remains close to its two weeks high level, following the FED's recent policy meeting minutes that always had a considerable impact on the U.S. dollar.

Gold's December futures to $1,353.65

On the New York Mercantile Exchange, Comex division, December's gold futures traded to $1,353.65, thus being 0.26% lower, not far though from the level of $1,355.75.

During Thursday's session, December's contract ended at $1,357.20 and was 0.62% higher.

Furthermore, the gold futures will likely find strong resistance and support at Wednesday's levels, the $1,360.80 and the $1,338.60 respectively.

Moreover, the precious metal gained value, amid Thursday's data where the initial jobless claims dropped to 262,000, thus recording a declination of 4,000.

Read More

Friday, 19 Aug, 2016 / 9:28

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-falls-but-remains-high

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