Gold recovers on optimism fiscal cliff will be avoided

Note: This section contains information in English only.
Source: Bloomberg
Gold recovered from the biggest decline in more than 3 weeks as investors holdings increased to a record and on optimism the fiscal cliff in the U.S. will be prevented. Gold spot gained 0.2% to $1,723.70 an ounce and traded at $1,720.38 at 1:52 p.m. Singapore time. The price fell 1.3% a day earlier, the biggest decline since November 2. Bullion for February settlement rose 0.4% to $1,726 an ounce. 
Back to articles

Actual Topics

Thu, 29 Nov 2012 09:00:59 GMT

Palladium gains on deficit forecasts

Precious metals except for palladium declined amid lingering concerns over the US fiscal cliff and lack of details about recently agreed Greek bailout plan. Moreover, expiration of December contract that expired on Wednesday also added to losses of the commodity group. However, slightly weaker US Dollar prevented further decline in precious metals prices.Gold slumped on heavy selling volume ahead of

Thu, 29 Nov 2012 08:38:20 GMT

Asian stocks gain on optimism U.S. will avoid fiscal cliff

Asian stocks gained on optimism the U.S. will be able to avoid the fiscal cliff and as Japan's opposition party urged unlimited monetary easing. The MSCI Asia Pacific Index rose 0.8% to 124.05, with more than 3 shares gaining for each that declined. Japan's Nikkei 225 Stock Average climbed 0.8%, while the broader Topix Index gained 0.9% .

Subscribe to "Fundamental Analysis" feed

Souscrire
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.