Yellow metal tops $1,300

Yellow metal tops $1,300

On Friday, gold futures managed to shot up above $1,300 an ounce, thus finding themselves on track for a weekly leap because the evergreen buck rebounded and market participants closely watched geopolitical turmoil as well as global surge fears.  

Soaring gold prices actually reflect political uncertainty in the euro zone, America, Venezuela as well as pockets of South America, not to mention China-US trade negotiations, as some experts pointed out.

On the Comex exchange, February delivery gold futures GCG9 managed to ascend by 1.42% being worth $1,302.70. Tor the week the April contract tacked on by 1.1%. By the way, it hasn’t concluded above $1,300 since January 3.

Besides this, March delivery silver futures SIH9 jumped by 2.4% ending up with a reading of $15.665 an ounce. For the week they surged by 1.7%.

The evergreen buck has declined ahead of next week’s Fed gathering in the face of soaring hopes that the major US bank will once again draw attention to the necessity to have its interest-rate lifting cycle paused.

A traditional indicator of the purchasing power of the greenback versus its primary rivals, the USD index dived by 0.7%. Eventually, a weaker greenback can back dollar-priced commodities, making them cheaper to folks holding other currencies.

As for other metals, March delivery palladium futures PAH9 managed to ascend by 1.3% being worth $1,297.60 an ounce. Besides this, April delivery platinum futures PLJ9 tacked on by 1.6% ending up with $817.70 an ounce and soaring by up to 1.9% for the week.

Moreover, March delivery copper futures HGH9 went up by 2.4% trading at $2.708 a pound, although looked at a 0.4% weekly dive.

As for the SDPR Gold Shares GLD, they jumped by 1%, braced for a 1.1% weekly ascend. Moreover, the VanEck Vectors Gold Miners ETFGDX rallied by 2.7%.



Russian Oil Got Banned from Market
Russian Oil Got Banned from Market

This week started with the talk of the United States banning Russian oil exports, so XBR/USD saw $130 a barrel. Then the ban became reality. What does it really mean for the market?

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

Gold Rises as Central Banks Buy More
Gold Rises as Central Banks Buy More

About 24% of global central banks intend to increase gold reserves in 2023. Rising inflation, geopolitical turmoil, and worries about interest rates are reasons to increase gold reserves.

US Evades Default This Time
US Evades Default This Time

Greetings to a brand new week full of events, economic releases and US debt frictions. We are here to tell you everything you need to know!

USD Gains Momentum
USD Gains Momentum

The US dollar index breaks one resistance after another. Read the report to learn the next target for the US dollar index!

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