Traders drop gold and shift to equities

Traders drop gold and shift to equities

On Friday, gold lost ground in Asia because the greenback gained ground, while equity markets kept ascending.

Better-than-expected trade reports out of China assisted to shore up confidence in currencies as well as stock markets and took some of the shine out of the most popular precious metal, normally seen as a safe haven in hard times.

In Asia, August delivery gold futures decreased 0.11%, trading at $1,216.00. The US dollar index, traditionally gauging the value of the US currency versus six major rivals, dipped 0.03%, showing 95.53.

On Thursday, the US dollar sagged after Fed Chair Janet Yellen was dovish on the outlook for the American economy as well as the prospect of lifting interest rates, telling more hikes are likely to emerge, but without specifying a strict timeline. Her testimony coupled with everlasting political worries in America surrounding any links, which might be between Russia and American President Donald Trump.


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…

Gold surges a bit

On Tuesday, gold managed to gain a bit due to the fact that the first dive in factory gate inflation for four months backed the argument that the major US bank should suspend monetary policy tightening and traders looked ahead to a bunch of remarks from…

Gold stands still

On Thursday, gold was intact due to the fact that market participants waited for comments from Fed Chair Jerome Powell in the face of hopes that the head of the US key financial institution is going to reaffirm a pause in the US monetary policy…

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