- Analytics
- News and Tools
- Market News
- Gold continued declining
Gold continued declining
Gold dropped to $1,150.10 (-0.22%) an ounce. The metal does not receive much support from Greece's situation despite that it's a traditional safe-haven asset at times of economic uncertainty. However it seems that this time investors favored sovereign debt. Strong dollar and possibility of a rate hike in the U.S. by the end of the year push bullion down. Minutes of the latest FOMC meeting will be published on Wednesday afternoon. Traders are waiting for it to find clues on the timing of the liftoff in Fed interest rates. Higher U.S. rates later this year would put additional pressure on non-interest-paying bullion.
Barclays analysts said that gold prices might experience their worst dynamics in the third quarter of 2015 as experts expect rates to be raised in September.
© 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
