Gold ascends as greenback tumbles to 8-month minimums

Gold ascends as greenback tumbles to 8-month minimums

On Thursday, gold ascended in European trade because the greenback extended its recent dip to the lowest value since October, spurring the appeal of the primary precious metal.

Gold futures reached at $1,252.69 a troy ounce in New York, adding 0.3%. On Wednesday, gold concluded higher, notching its fifth revenue for six sessions.

Additionally, silver futures tacked on approximately 0.7%, being worth $16.84 a troy ounce.

The US dollar fluctuated close to one-year lows versus the common currency and tumbled against the British pound because market participants priced in tighter monetary policy in the EU, reacting to hawkish comments made by major bank officials.

The British pound increased profits made after Bank of England Governor Mark Carney informed on Wednesday that Britain’s major financial institution would probably lift interest rates as the British economy approaches to operating at full capacity.


Gold goes down to 2019 minimum

On Monday, gold headed south to its lowest value of the year due to the fact that investor appetite for risk was still firm notwithstanding data disclosing that China's 2018 economic surge speeded down to a near three-decade minimum…

Gold approaches $1,300 once again

Britain’s economic and political issues along with a no-confidence vote on Prime Minister Theresa May following her unsuccessful Brexit deal vote gave gold traders a hope of getting back to maximums of above $1,300 an ounce…

Latest news

Greenback edges down

On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…

Deposit with your local payment systems


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera