- Analytics
- News and Tools
- Market News
- Gold prices reached an eleven-week high
Gold prices reached an eleven-week high
Gold futures rose to an 11-week high due to the increased probability of the introduction of new measures by the European Central Bank to resolve the ongoing debt crisis in the region.
Also, market participants are awaiting publication of the minutes of the meeting FOMC, which is expected tomorrow, and may shed light on how soon do another round of quantitative easing.
Rising gold prices accelerated after breaking key technical resistance level at a value of $ 1633 per ounce, causing automatic buy orders amid bullish signals on the chart.
Also positively influenced by the price of gold today conducted auction of treasury bills in Spain. It is learned that Spain has placed T-bills in the amount of 4.515 billion euros against the planned 3.5-4.5 billion euros
Meanwhile, investors expect a series of upcoming meetings of the leaders of the euro zone, amid hopes that they will give us something to help solve the debt crisis.
The cost of the August gold futures on the COMEX is now 1637.5 dollars per ounce.
© 2000-2025. 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
