Gold News

Gold is trading at $1013 as of 8:03am, London Time. Gold’s Pool-Position is 19% Long, meaning that most Finotec clients are selling the precious metal.

Gold still above the $1,000 mark as investor look to the Dollar

Gold is trading at $1013 as of 8:03am, London Time. Gold’s Pool-Position is 19% Long, meaning that most Finotec clients are selling the precious metal.

Gold rallied to trade around $1,010 on Thursday as the precious metal continued to look to the dollar for direction, though a sense of caution prevailed due to the threat of heavy liquidation of futures positions. Traders in Tokyo returned to the market after a three-day break from Monday to Wednesday due to a series of national holidays. Gold buying by India, one of the world’s largest consumers, picked up due to the festival season when people traditionally buy ornaments as gifts. Gold is trading at $1013 as of 8:03am, London Time. Gold’s Pool-Position is 19% Long, meaning that most Finotec clients are selling the precious metal.