Gold News

Holding above $900 an ounce as a weaker U.S. dollar and firm oil prices lured investors back into the metal

Gold trading above $900 an ounce as the Dollar weakens

holding above $900 an ounce as a weaker U.S. dollar and firm oil prices lured investors back into the metal

Gold rose further on Tuesday, holding above $900 an ounce as a weaker U.S. dollar and firm oil prices lured investors back into the metal, although an increase in risk appetite and technical barriers could cap gains. Bullion jumped almost 2 percent on Monday in a rally also driven by demand from jewellers in main consumer India and pent-up buying ahead of closely watched results of stress tests on U.S. banks. Gold is trading at $903 as of 9:25am, London Time. Gold’s Pool-Position is 14% Long, meaning that most Finotec clients are selling the precious metal.

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