- Analytics
- News and Tools
- Market News
- Gold rose to 3.5 -month high
Gold rose to 3.5 -month high
Gold prices rose to a peak of 3.5 months on a weaker dollar and concerns over U.S. economic growth .
Gold as a low-risk assets become more attractive to investors this year due to weak U.S. economic indicators and China and problems in developing countries .
Following the weak employment report and the number of applications for unemployment benefits in the U.S. on Friday reported the strongest reduction of 4.5 years of industrial production in January .
Stocks of the world's largest gold exchange-traded fund secured SPDR Gold Trust on Friday fell by 5.1 tonnes to 801.25 tonnes but remain fairly stable compared to a reduction of 500 tons last year .
Margins on gold in India , the second- largest in the world for the consumption of the precious metal after China on Friday fell 17 percent to four-month low because buyers expect to reduce import duty soon. Margins on gold 99.99 fine on the Shanghai Gold Exchange on Monday rose to $ 7 per ounce to the spot price in London at $ 5.50 on Friday .
The cost of the April gold futures on the COMEX today rose to $ 1329.90 per ounce for ounce.
© 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
