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.

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