Gold News

Gold steady as investors await interest rate news from the ECB and BOE

Gold steady as investors await interest rate news from the ECB and BOE

Gold is trading at $966 as of 9:23am, London Time. Gold’s Pool-position is 39% Long, meaning that most Finotec clients are selling the precious metal.

Gold steadied on Thursday, drawing support from the dollar’s weakness against the euro and investor risk appetite that has helped boost assets across markets, but prices were capped as players grew wary of high price levels. Traders said investors may become cautious about pushing prices higher given the elevated market levels, as well as physical demand remaining weak and gold losing its appeal as a safe haven as sentiment about the economy improves. Gold is trading at $966 as of 9:23am, London Time. Gold’s Pool-position is 39% 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