- Analytics
- News and Tools
- Market News
- Gold fell
Gold fell
Gold prices are falling as the dollar is growing, and doubts about the ability of Italy to resolve the debt problems remain even after the resignation of Prime Minister Silvio Berlusconi.
Italian Prime Minister Berlusconi resigned on Tuesday after ceasing to resist the increasing pressure after a vote in Parliament showed that he had lost the support of most members.
Euro drops, and the dollar rising against all currencies. The yield on the 10-year government bonds in Italy reached 7 percent, with the level of profitability of Portugal and Ireland have been forced to seek financial help.
Against the backdrop of the growing debt crisis in Europe the price of gold reached a record high in September in the 1,920 dollars per ounce, and from the beginning of the year the price has risen by 25 percent.
Stocks of the world's largest gold ETF-secured fund SPDR Gold Trust on Tuesday rose 0.67%. Demand for gold in China will grow by 50 percent this year to 400 tons, exceeding domestic production by investment demand, said Wednesday edition of the China Securities Journal quoting the president of China Association of gold Sun Zhao Xue.
Today, December gold futures on the COMEX traded in the range of 1779-1801 dollar / oz.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
