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.