Gold prices fluctuate, and have been able to consolidate below $ 1,650 per ounce, which is associated with low trading volume, as many investors prefer to remain on the sidelines in the run-up G20, to be held at the end of this week and is expected to shed light to the current monetary policy. And to reduce the volume of influence is that many Asian markets closed for the Lunar New Year.
Analysts also note that gold prices have suffered from technical pressures that contributed to the fall to $ 1,638.82, which is the minimum value in the last month. However, analysts expect prices may recover slightly in the next few sessions, as many investors are closing their positions.
February futures price of gold on COMEX today dropped, and now is up to 1645.60 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.