- Analytics
- News and Tools
- Market News
- Gold moderately rebounds from Friday’s selloff
Gold moderately rebounds from Friday’s selloff
Gold recovered moderately from Friday's selloff but still trades close to 3-month lows. Better-than-expected U.S. jobs data reported on Friday added to expectations that the FED will hike interest rates rather sooner than later sending the precious metal down to intraday-lows not seen since December.
A stronger U.S. dollar and the prospect for higher U.S. rates recently weighed on the precious metal as the precious metal is dollar-denominated and not yield-bearing.
Today Eurogroup meetings will be in the focus where the Eurozone finance ministers meet to discuss on how to proceed with Greece as the proposed list of measures is far from complete, the head of Eurogroup Jeroen Dijsselbloem said on Sunday.
Gold is currently quoted at USD1,174.60, +0,71% a troy ounce. On Thursday the 22nd of January gold reached a five-month high at USD1,307.40.
© 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
