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

 

Weekly outlook: Bank of Canada, Bank of Japan, US GDP

Week gone by: China’s global influence grows, volatility falls You know [...]

Posted on Friday, 19 Apr, 2019 / 9:15 under

EUR down, USD up as global PMIs disappoint; US housing starts

Market recap EUR fell on the weaker-than-expected Eurozone preliminary [...]

Posted on Friday, 19 Apr, 2019 / 9:14 under

EUR Falls on Eurozone PMIs, USD Gains on Strong US Data

The euro came under selling interest yesterday, tumbling after another set of [...]

Posted on Friday, 19 Apr, 2019 / 7:26 under