Gold inches up

Gold inches up

On Thursday, gold ascended because bullish traders took the Fed’s latest hawkish remark in stride and also targeted the $1,250 level for the purpose of recapturing ground lost earlier in the year.

The USD index, a gauge of the evergreen buck’s value versus a number of its six counterparts, ascended by 0.3%. It was underpinned by the Fed's minutes from its September policy gathering. The minutes revealed that the Fed intended to gradually ramp up interest rates in December and later.

On the Comex exchange, December delivery gold futures, which are America’s most actively traded contract, managed to head north by 0.2% being worth $1,230.10. It found itself on track to a profit of 1% on the week following a three-month maximum of $1,236.90 recorded on Monday.

Market experts pointed out that everything is considered, and the reaction in the yellow metal and silver to the 'more hawkish than anticipated ' Fed stance drops a hint that precious commodities have already factored in the likelihood of a return-to-normal rate structure.

On the Comex exchange December delivery silver futures initially gained on Thursday right before concluding down 5.9% coming up with an outcome of $14.64 a pound.

Having dived from a 2018 maximum of $1,343.80 in February, the yellow metal got back to $1,200 in August, thus reaffirming its status of the safe haven for risk-averse traders. Since then, the number one precious commodity has more or less held its ground, underpinned by geopolitical clashes, China's trade conflict with America as well as Italy's budget woes, which could impact the eurozone. American bond gains soaring to multiyear maximum have also taken some wind out of the greenback’s sails, backing the yellow metal.

This week, the yellow metal has gained strong support from traders trying to push this commodity to $1,250 or higher.  





Something more Important than NFP
Something more Important than NFP

For a long time, traders considered American Non-farm Payrolls (NFP) the most important release in the market. However, the situation has changed. Now US CPI moves financial markets.    

Latest news

FED and BOE Make Another Attempt to Beat Inflation
FED and BOE Make Another Attempt to Beat Inflation

The Federal Reserve (Fed) will announce its Interest Rate Decision and make a statement about the future monetary policy on Wednesday, September 21, GMT+3. After the higher-than-expected inflation numbers published on September 13, there’s almost no doubt the Federal Reserve will come up with another 75-basis-point rate hike. However, surprised by the CPI numbers, several Fed members announced the possibility of a 100-basis-point rate hike on Wednesday.

Deposit with your local payment systems

Feel the Team Spirit

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