- Analytics
- News and Tools
- Market News
- Gold recovered from a three-month low
Gold recovered from a three-month low
During today's trading gold technically wins back its decline over the previous six sessions. Gold on COMEX has fallen in price on the eve of the sixth time in a row, dropping to its lowest level in nearly six months. Gold sales were caused by the persistence of stable positions of the U.S. dollar, significantly weakened investment demand for gold bullion. However, active gold sales have stopped after the eve of his quotes in the bidding for the first time in nearly six months, sank below $ 1525 USD / ounce, providing favorable conditions for its technology purchases.
Investment demand for physical gold on the eve remained stable. Thus, the assets of gold, held by ETFs SPDR Gold Trust, which is the world's largest holder of gold among investment institutions, Dec. 29 remained unchanged and amounted to 1 254.6 thousand tons of gold. This is their lowest level since early November of this year Note the fund's assets SPDR Gold Trust do not change from December 22. Since the beginning of December, they fell by 44.1 tonnes of gold, after November 30 they reached a maximum level of 10 and a half months - 1.298 tonnes of gold.
The cost of the February futures on the COMEX today rose to 1577.1 dollar per ounce.
© 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
