Gold News

Gold rises as more economic gloom continues

Gold rises as more economic gloom continues

Gold is trading at $889 as of 10:58am, London time

Gold inched up to hold above $880 on Wednesday, extending gains from the previous session when it rebounded as investors sought shelter from what is expected to be another gloomy season of corporate earnings. Trade was quiet, however, with the Easter holiday approaching and jewelry demand weak even after the precious metal fell back below $900. Holdings at the world’s biggest gold-backed exchange-traded fund are steady, reflecting a slowdown in demand from long-term investors. Gold is trading at $889 as of 10:58am, London time.

Derivative and forex trading broker Finotec is a division of leading real-time Internet trading company Finotec Trading Inc, which pioneered the world of online forex trading in 1998. After launching our revolutionary forex online trading platform in 2001, we continued to improve our services and now serve clients of all sizes in many locations worldwide, offering them real-time Internet trading not only in currencies, but also in options, commodities,... More