Gold prices retreated on Tuesday marked maximum 3.5 months on profit and reduce purchases in the physical market .
Margins on gold bars in Hong Kong are held at $ 1.30-1.70 to the spot price in London. Stocks of the world's largest exchange-traded fund backed by gold (ETF) SPDR Gold Trust on Friday fell by 0.63 percent , while the stocks of the largest secured silver fund iShares Silver Trust - 0.59 percent.
Gold demand fell 15 percent in 2013 , as a massive outflow of funds from the ETF- funds outweighed record demand in the consumer market , said the World Gold Council .
Investors are waiting for the January meeting, the Fed report , which will be published today at 19:00 GMT. Demand for precious metals waned on expectations that within the current protocol will still make the Fed 's commitment to reduce the current $ 65 -billion program of monthly purchases of assets. However, investors will also seek out hints of willingness by the Central Bank to " take your foot off the brake pedal " in case of deterioration in the labor market or the economy as a whole.
This year gold has risen in price by 9.5 % on purchases due to the volatility of emerging markets and concern the U.S. economic recovery process .
The cost of the April gold futures on the COMEX today from bottom up to $ 1314.20 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.