Gold News

Gold falls as the Dollar gains strengthen and inflation is steady

Gold falls as the Dollar gains strengthen and inflation is steady

Gold has been hurt by the dollar’s strength as investors have recently preferred the U.S. currency to bullion

Gold prices are falling at the moment as the dollar remained firm, sapping gold’s appeal as an alternative investment, and on easing inflation fears as oil prices weakened. Gold has been hurt by the dollar’s strength as investors have recently preferred the U.S. currency to bullion as a safe store of value amid fears over the economic outlook. “At the moment, gold prices have been driven heavily by the movement in the U.S. dollar, but if we get down toward $900, we might see some opportunistic buying,” said David Moore, a commodities analyst at the Commonwealth Bank of Australia. Gold is trading at $920 as of 9:18am, London Time. Gold

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