Gold moves down on stronger greenback

Gold moves down on stronger greenback

On Friday, gold descended because the greenback managed to regain some ground after Thursday’s three key risk events, though financial markets were still waiting for the final outcome of the British election.

In New York, August delivery gold futures dipped 0.31%, being worth $1,275.51.

The August contract concluded Thursday’s trading session just 1.06% lower, demonstrating $1,279.50 per ounce.

Futures gained support at $1,261.30, which is the minimum of June 2 as well as resistance at $1,291.50, Thursday’s peak.

The US dollar gained ground after on Thursday in his testimony ex-FBI director James Comey dared to accuse Donald Trump of sacking him for the purpose of undermining his investigation into probable collusion by the Trump campaign team with Russia's probable efforts to affect the 2016 presidential election.

The US dollar index, gauging the American currency’s value versus a trade-weighted basket of six crucial currencies, leapt 0.29%, being worth 97.22.

 

Similar

Popular

Asian shares tumble with Japan markets shut

On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…

Greenback surges as yields soar

On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…

Deposit with your local payment systems

Callback

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