- Analytics
- News and Tools
- Market News
- Gold edged down after Friday's drop
Gold edged down after Friday's drop
Gold is currently at $1,055.80 (-0.04%) after a sharp decline on Friday. The precious metal is weighed by expectations of an interest rate hike on December 15-16 when the Federal Reserve's Federal Open Market Committee meets next. For now bullion is on track to post a nearly 7.5% drop this month (the biggest monthly decline since June 2013). The dollar's strength also weighs on gold.
Investors are waiting for the U.S. jobs report due on Friday. Strong data would intensify expectations for higher rates in December and could push bullion further down.
© 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
