- Analytics
- News and Tools
- Market News
- Gold near a 7-1/2-month high
Gold near a 7-1/2-month high
Gold is currently at $1,191.10 (-0.63%) staying near a 7-1/2-month high on strong safe-haven demand. Falling stocks and concerns about health of the global economy support the precious metal.
Federal Reserve Chairwoman Janet Yellen will speak to the U.S. Congress later today. Her comments are likely to support bullion as she is expected to defend December rate hike and say that further rate hikes are coming, although at a slower pace. The non-interest-paying metal would benefit from prospects of slower rate increases.
© 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
