Gold goes down to 2019 minimum

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.

On the Comex exchange, gold futures dived by 0.4% reaching $1,277.25 a troy ounce.  Earlier, the number one precious commodity reached a minimum of $1,276.80, which appears to be the weakest value since December 28.

On the Comex there won’t be any floor trading on Monday due to the Martin Luther King Day holiday in America.

Besides this, spot gold hit $1,278.11 per ounce, heading south by nearly 0.3%.

China's fourth-quarter GDP rallied at the slowest tempo since the global financial downtime, diving to 6.4% on-year as anticipated from 6.5% in the third quarter, as the National Bureau of Statistics previously informed.

It pulled full-year surge down to 6.6%, which appears to be the slowest annual tempo since 1990 because faltering domestic demand as well as bruising American levies put pressure.

The dismal data backed the view that the Chinese cabinet will have to come up with more measures to prevent a steeper deceleration.

Besides this, market participants are eager to hear UK Prime Minister Theresa May's alternative plan for Brexit. It’s expected to be unveiled to the UK parliament later in the day. By the way, the initial proposal of hers, negotiated for about two years with the European bloc, wasn’t approved by lawmakers the previous week.

May is anticipated come up with a statement in the country’s legislative body at 15:30 GMT. Britain’s Prime Minister is seeking to secure a new withdrawal pact before the March 29 deadline to depart from the European bloc.

Additionally, silver futures went down by 1% ending up with $15.23 a troy ounce.


Latest news

Deposit with your local payment systems

Be on top of your game

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

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