Market news
12.04.2012, 16:31

Gold rose

 

Gold prices rose sharply against the backdrop of a weakening dollar after the data on unemployment in the United States.

The number of Americans who first filled the form to receive unemployment benefitsrose last week, becoming a witness a slowdown in the employment market recovery.The primary application for unemployment benefits last week of April 7, increased by 13 thousand to 380 thousand, reaching maximum values ​​from 28 January, as reported today, the Ministry of Labor in Washington. Economists had expected the figure will be355 thousand

In addition, experts in the near future, expect growth in demand for physical metal,including after the jewelers in India completed the strike, which lasted three weeks.

At the same time, investments in gold-backed ETF-funds reached a record high of almost 70.3 million ounces.

May futures on the COMEX for gold today rose to $ 1675.0 an 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.

AML Website Summary

Risk Disclosure

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.

Privacy Policy

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
Feedback
Live Chat E-mail
Up
Choose your language / location