- Analytics
- News and Tools
- Market News
- Gold fell
Gold fell
Gold prices decline after ratings agency Standard & Poor's raised the outlook of the U.S. rating to stable, reducing the appeal of gold as a safe asset.
Global financial markets are under pressure after Federal Reserve Chairman Ben Bernanke said in May that the central bank may cut the program of buying bonds at a future meeting when saving features to strengthen the U.S. economy. However, the president of the Federal Reserve Bank of St. Louis James Bullard said on Monday that high inflation allows the Fed to continue buying bonds in full.
The demand in the physical market is reduced from a peak of April, when the spot price fell to a minimum of two years $ 1.321,35. Dealers in Singapore reported decreased deficit gold bars and coins.
Stocks of the world's largest exchange-traded fund backed by gold (ETF) SPDR Gold Trust on Monday, rose 0.3 percent to 1.009,85 tons, but still close to a minimum of four years.
The cost of the August gold futures on COMEX today dropped to 1364.5 dollars per ounce.
© 2000-2026. 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
