Gold News

Gold is trading at $1015 as of 8:15am, London Time. Gold’s Pool-Position is 34% Long, meaning that most Finotec clients are selling the precious metal.

Gold is trading near an 18 month high as investor’s hedge

Gold is trading at $1015 as of 8:15am, London Time. Gold’s Pool-Position is 34% Long, meaning that most Finotec clients are selling the precious metal.

Gold extended gains on Wednesday, moving closer to an 18-month high struck last week, after the U.S. dollar tumbled to its weakest in a year against the euro, but worries about heavy liquidation persisted. The rise has stoked fears of a repeat of last year’s selling, when bullion lost more than $100 only a few days after it powered to a record $1,030.80 an ounce in March. Gold has gone up as much as 16 percent this year. Gold is trading at $1015 as of 8:15am, London Time. Gold’s Pool-Position is 34% 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