- Analytics
- News and Tools
- Market News
- Gold moderately fell
Gold moderately fell
Gold prices driven down by increasing the dollar, but to grow the third consecutive week as investors see an unstable global economic growth .
According to preliminary index PMI, manufacturing activity and employment in China declined in February , but the activity in the U.S. manufacturing grew at the fastest pace in nearly four years .
Manufacturing activity in China - the largest consumer of gold in the world - fell to seven-week low in February , as evidenced by a preliminary purchasing managers' index (PMI) for the manufacturing , calculated by HSBC. The data suggest that the economy may weaken, while the focus of the government is more steady, though slower economic growth.
Dollar to a basket of major currencies rose from previously marked minimum of eight weeks.
Margins on gold bullion stable in Hong Kong and Singapore , but declined due to the growth in Tokyo futures.
Stocks of the world's largest exchange-traded fund backed by gold ETF SPDR Gold Trust on Thursday fell 0.7 percent .
The cost of the April gold futures on the COMEX today dropped to $ 1315.90 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
