Gold edges up to highest value since September as greenback dives

Gold edges up to highest value since September as greenback dives

On Wednesday, gold rallied to its strongest value for more than four months, underpinned by a weaker greenback languishing at three-year minimums.

Dollar weakness normally benefits the most popular precious metal because it boosts its appeal as an alternative asset and also makes greenback-priced commodities less expensive for holders of other currencies.

Gold futures tacked on to a session maximum of $1,346.80 a troy ounce, a value not observed since September 8.

Meanwhile, silver futures headed north 1.3% reaching $17.13 a troy ounce.

Market participants are looking ahead to the ECB’s gathering on Thursday for further clues on when the major financial institution is planning to cease its huge economic stimulus program.

As for other metals, palladium gained 0.8% trading at $1,092.40 an ounce, while platinum added 0.5% being worth $1,012.50 an ounce.

March delivery copper futures surged 0.9% hitting $3.139 a pound.



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