User Login

20 Jan

Gold accelerates ahead:

admin Comments (0)
As equities dropped bullion metal gold moved towards $1,100. This is due to investor holdings jumped to the high level in two months.
Bullion for immediate delivery advanced as much as 0.7 percent to $1,095.07 an ounce and traded at $1,093.59.
The boisterous start to the year on global financial markets has led investors to seek more bullion, boosting prices 3.1 percent. Asian stocks fell to a three-year low on Wednesday after crude sank below $28 a barrel and the International Monetary Fund(IMF) cut its world growth outlook.Citigroup upgraded its gold price forecast for 2016, while cutting the bank’s outlook for crude oil and base metals as economic growth cools.
Gold’s safe-haven rationale is back in vogue, for the time being. 
Holdings in gold-backed exchange-traded products climbed for the seventh time in eight sessions. Assets surged 22.7 metric tons to 1,511.8 tons as of Tuesday, the highest level since Nov. 6.
People are still a bit nervous, although think they should be because they feel that this commodity cycle is starting to position itself quite positively.
Bullion of 99.99 percent purity rose 0.4 percent to 232.30 yuan a gram ($1,097.76 an ounce) on the Shanghai Gold Exchange. Spot silver added 0.5 percent, while palladium lost 0.1 percent and platinum dropped 0.6 percent.
0 0 0



Leave a Comment




OPEC-Geocivics strain boosts Oil post
Nov 26 , 2015

Focus on global adversity is back as crude drops,Yen rises:
Feb 03 , 2016

Gold dips 2 percent as dollar strengthens:
Feb 23 , 2016


Euro near to three weeks high
Dec 08 , 2016

Crude falls down as Russian output increases
Dec 06 , 2016

Euro tumbles down as Italian leader fails referendum vote
Dec 05 , 2016


opec oil prices wti brent oil forex signal trading signals currency pair manual automated trading monetary policy committee pound dropped sterling tumbles mark garney new member interest rates central banks monetary policy bond market borrowing costs credit cycle recession unemployment rate economy job market slow gdp interest rate central bank u.s economy treasuries fed rate hike green back traders federal reserve reverse repurchase programme repo programme stimulus debt purchase dovish statement quantitative easing us dollar warrants oil price economic slowdown global benchmark overproduction china yen economic data hedge funds speculators gold imf upgraded price forecast yuan economic growth global growth euro area slowdown lending rate financial events bank of japan benchmark commercial banks renminbi currencies boj pboc government bond dollar employment trade spdr cftc gdp financial markets banks oil stockpiles risky assets money markets abe jpy us bankers canada oecd investment liberal government analysts al naimi barrel crude bank governor euro ecb euro zone inventory brent wall street financial proposal australian aussie draghi monetary stimulus eu fed fomc negative rates reserve funds u.s policymakers brexit sterling pound smith futures inventories evans policy makers data yellen europe negative bank bankruptcies crude futures asia rate japanese policy meeting european union deficit greece merkel germany g-20 downgrade saudi iran qatar japan economic ounce fx currency nikkei dudley securities libya etf payrolls policy greenback tokyo uk strategists federal g7 britain market survey economists middle east bullion kiwi new zealand rbnz rates $ job voting snb swiss franc u.k matsui goldman term nigeria bpd australia reserve bank election vote decisions boe asian shares week ship cents qe money monetary rba monetary policies production investors bailout fx news resources taper chinese government asset theresa may may president price bonds report cpi clinton trump december hike england political presidential fbi pounds donald trump bond yields energy minister yield reserve month italy european percent


Contact Us


Connect With Us

Copyright © 2014 TradeFxP Ltd. All Rights Reserved.