Gold News

Gold is trading at $998 as of 11:32am, London. Gold’s Pool-Position is 29% Long, meaning that most Finotec clients are selling the precious metal.

Gold Falls as the Dollar strengthens on G20 comments

Gold is trading at $998 as of 11:32am, London. Gold’s Pool-Position is 29% Long, meaning that most Finotec clients are selling the precious metal.

Gold hovered near two-week lows on Friday as a rebound in the dollar dampened bullion’s appeal as a currency hedge while investors were becoming wary of speculative long positions building in futures. Some traders said that notably slow growth in gold-backed exchange-traded funds compared to the market’s rally to 18-month highs suggested investor demand may be peaking, while others expected slack jewellery demand from India, the world’s largest consumer of gold. Gold is trading at $998 as of 11:32am, London. Gold’s Pool-Position is 29% 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