Gold futures approach $1,795.10 an ounce

Note: This section contains information in English only.
Source: Marketwatch
© Scanpix/Reuters

The precious metal for December delivery went up by $1,795.10 an ounce on the Comex division, New York Mercantile Exchange in Asian trading. Lower dollar stimulates purchasing of dollar-priced commodities like gold as they become more profitable investment option for  other currency holders. Other metals also gained on weaker dollar, copper rose by 3% to $3.57 a pound and silver was up by 0.4% to $34.81 an ounce.

Back to articles

Actual Topics

Mon, 14 Nov 2011 08:46:55 GMT

Single currency has to survive

In the light of the recent developments in Europe the stability of the Eurozone is under threat.  Reforms aimed at euro stabilization will be difficult to implement but the collapse of single currency will lead to a catastrophe, said Tony Blair. Eurozone has to coordinate its tax and spending to sustain euro and recover after recession, he added.

Mon, 14 Nov 2011 10:12:53 GMT

US job loses claims are falling

US Labor Department announced initial claims for unemployment benefits decreased by 10000 to 390000. MarketWatch predicted it to be 398000. However, the situation in the country is still difficult as only 80000 job places were created in October while 250000 jobs per month are necessary to satisfy natural increase in labor force. US unemployment rate is 9% in October.

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.