- Analytics
- News and Tools
- Market News
- Gold prices retreated from two-week high
Gold prices retreated from two-week high
In today's trading gold is trading with a moderate decrease, while the last two weeks prices have reached a maximum. As economists say, today's decline was due to the sharp appreciation of the dollar and the slowdown in the stock markets. At the same time, many investors looked forward to the next budget negotiations in the U.S., as the euphoria associated with the vote on the "budget cliff" has disappeared.
Meanwhile, the price of gold is at the present employment data from ADP, which showed that private sector employers to increase jobs than expected in December.
Note also the gold price for the importers in India fell slightly today, which was caused by rumors of a tax on imports, but despite this, the weak rupiah helped keep prices near their highest level in two weeks.
Also today, the Istanbul Gold Exchange reported that gold imports in Turkey increased by 57% last year to 120.78 tonnes from 79.7 tonnes in 2011.
February futures price of gold on the COMEX is now 1679.80 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
