Gold News

The Dollar Index, a six-currency measure of the dollar’s value, climbed as much as 0.2 percent after jumping 2 percent in the previous two days

Gold falls slightly as the Dollar extends gains eroding gold’s demand

The Dollar Index, a six-currency measure of the dollar’s value, climbed as much as 0.2 percent after jumping 2 percent in the previous two days

Gold declined close to its lowest in two weeks as the dollar advanced for a third day, reducing the appeal of precious metals as an alternative investment. The Dollar Index, a six-currency measure of the dollar’s value, climbed as much as 0.2 percent after jumping 2 percent in the previous two days. Gold, which often moves in the opposite direction to the currency, slid as much as 0.4 percent today after losing 2.9 percent in the previous two sessions. Gold was also under pressure from the drop in ETF holdings and speculation the U.S. may support the partial sales of the International Monetary Fund’s reserves. Gold is trading at $954 as of 9:26am, London Time. Gold’s Poll-position is 47% 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