Gold News

Gold’s Pool-Position is 53% Long, meaning that just over half of Finotec clients are buying the precious metal.

Gold steady as investors wait on the Dollar and anticipate its move

Gold’s Pool-Position is 53% Long, meaning that just over half of Finotec clients are buying the precious metal.

Gold was steady on Tuesday as investors continued to track moves in the dollar, with the metal remaining within striking distance of the key $1,000-an-ounce mark. A softer dollar typically boosts gold, both because bullion can be bought as an alternative to the U.S. currency and because its weakness makes dollar-priced commodities cheaper for non-U.S. buyers. Gold is trading at $971 as of 9:20am, London Time. Gold’s Pool-Position is 53% Long, meaning that just over half of Finotec clients are buying 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