- Analytics
- News and Tools
- Market News
- The price of gold rose above $ 1680
The price of gold rose above $ 1680
Gold prices rose sharply today, breaking the mark of $ 1680 per ounce, which was associated with the rally in the market shares and other commodities after U.S. data showed that the number of people employed in non-agricultural sector is moderately increased, following the revision of this index for December and November .
Rising prices for gold supported the euro against the dollar.
Note that earlier this week, the weaker-than-expected data on U.S. economic growth has also led to an increase in the value of gold.
This week, gold has increased in price by 0.9%, closing at the same time of the loss of 1.5%, which were reported last week.
From a technical point of view, strong resistance is at $ 1683, which is the previous maximum, and stronger resistance at $ 1,700, that the precious metal has repeatedly tried to overcome in the last month.
Meanwhile, data released today, the Istanbul Gold Exchange, showed that Turkey's gold imports rose to 11.27 tonnes in January from 2.96 tonnes a year earlier.
February futures price of gold on COMEX rose to 1670.20 dollars 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
