Gold rebounds for third day on demand outlook

Note: This section contains information in English only.
Source: Bloomberg
Gold gained for a third day, setting the longest run of advances since October, as political uncertainty and slumping equity markets in Greece boosted demand for the yellow matal. Gold for immediate delivery climbed 0.8% to $1,214.43 an ounce, the strongest since December 16. Bullion for February settlement at Comex added 0.6% to trade at $1,211.60 per ounce.
Back to articles

Actual Topics

Tue, 06 Jan 2015 14:32:04 GMT

Gold futures reach three-week high amid Greek uncertainty

On Tuesday gold futures reached a new high of the past three weeks amid Greece's unknown future in the Eurozone. After metal's futures for February hit a three-week peak of $1211.80, they slid slightly and remained at $1209.80 per ounce. Competition against yield-bearing assets is tough for precious metals when rates are rising, as high borrowing rates are bearish for

Tue, 06 Jan 2015 14:10:05 GMT

Oil drops below $50 as US stockpiles rise

Oil fell through $50 a barrel on speculation the US crude inventories are expanding, developing a global glut supply that was leading prices to the weakest level since 2009. Futures dropped 3.1% in New York. Oil lost as much as 50% in 2014, the biggest drop since the financial crisis in 2008, after the OPEC rejected cutting output.

Subscribe to "Fundamental Analysis" feed

Subscribe
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
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.
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
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.