- Analytics
- News and Tools
- Market News
- Gold fell
Gold fell
Gold drops on Friday, succumbing to sales in the global financial grounds after the huge losses JPMorgan undermined investor confidence.
U.S. bank JPMorgan Chase & Co said that he had lost at least $ 2 billion as a result of a failed hedging strategies. Although these losses are directly related to JPMorgan, they may have common negative consequences - further tightening of controls and oversight of risk management.
Hopes that the Greek politicians will be able to agree among themselves, a little calm markets. Antonis Samaras Conservative leader said that there is still hope to form a government, thus avoiding the re-election.
It should be noted that today the outlook for economic growth published European Commission. In 2012, for the whole euro area is expected to decline in GDP of 0.3%(same as the IMF predicts), while Germany's GDP growth at 0.7%, France's GDP growth by 0.5%, but drop in GDP in Italy by 1.4%.
The cost of the June gold futures on the COMEX fell today to $ 1572.0 an ounce and is now trading at $ 1586.8 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.
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
