Gold News

Gold is trading at $975 as of 11:20am, London Time. Gold’s Pool-Position is 48% Long, meaning that just over half of Finotec traders are Selling the precious metal.

Gold steady as investor wait on the Dollar before buying again

Gold is trading at $975 as of 11:20am, London Time. Gold’s Pool-Position is 48% Long, meaning that just over half of Finotec traders are Selling the precious metal.

Gold is trading near $975 on Friday as traders grew cautious before the release of U.S. employment data, which could provide further insight into whether the economy is pulling out of a deep slump. Gold came close to $990 this week, within sight of the $1,000 mark first hit in March 2008 and last touched in February this year. In other closely followed data, the world’s largest gold-backed exchange-traded fund, the SPDR Gold Trust, said holdings remained at 1,132.50 tonnes as of June 4, unchanged from the previous business day. Gold is trading at $975 as of 11:20am, London Time. Gold’s Pool-Position is 48% Long, meaning that just over half of Finotec traders 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