Trading news

Gold on the upside but still weak

Gold managed to retrace to the upside but resumes being weak, amid the increasing hopes that a rate hike in the U.S. could take place soon, close to the end of this year.

Gold's December delivery 0.14% upper

On the New York Mercantile Exchange in the Comex division, December's gold delivery traded to $1,254.85, 0.14% higher.

During Thursday' session, December's contract ended at $1,253.00 an ounce, 1.23% weaker.

Gold futures will likely find resistance at Wednesday’s high, $1,374.00, and support on Thursday’s low, $1,249.90.

Furthermore, the greenback was supported yesterday, after the initial jobless claims in the U.S. reported a drop to 249,000, a 5,000 decrease, for the week that ended October 1. The estimations were for appreciation to 257,000.

Moreover, the U.S. dollar index traded at 97.08 and was 0.43% higher. Elsewhere, the copper futures traded to $2.150 a pound, and the silver futures declined to $17.237 a troy ounce, falling 0.62%.

Read More

Friday, 07 Oct, 2016 / 8:39

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

Source :

Trading news



The resurgence of covid-19 cases, with the rapid spread of the Delta variant [...]

Posted on Thursday, 29 Jul, 2021 / 10:57 under

Eurozone Q2 GDP: The Recession Is Over

Tomorrow we await the official confirmation that Europe has exited the [...]

Posted on Thursday, 29 Jul, 2021 / 10:40 under

Powell eases taper angst, dollar slips; China stocks stage rebound

  Fed cites “progress” but still a ways to go; September [...]

Posted on Thursday, 29 Jul, 2021 / 10:35 under