Gold News

Gold rises as the Dollar weakens and equities tumble

Gold rises as the Dollar weakens and equities tumble

a weaker dollar and expectations for a build in inflation are likely to spur investors to increase their exposure to gold

Gold headed for a gain as the dollar extended its decline and global stocks were poised for their first weekly slump in ten, boosting demand for haven investments. “Investor sentiment remains positive,” Barclays Capital analysts led by Gayle Berry said in an e-mailed report today. “Beyond short-term corrections, a weaker dollar and expectations for a build in inflation are likely to spur investors to increase their exposure to gold.” The Gold is trading at 926 as of 9:15am, London Time. Gold’s Pool-Position is 11% 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