Gold News

Gold is trading at $992 as of 9:35am, London Time. Gold’s Pool-Position is 84% Long meaning that most Finotec clients are buying the precious metal.

Gold little changed and trading below the $1,000 mark

Gold is trading at $992 as of 9:35am, London Time. Gold’s Pool-Position is 84% Long meaning that most Finotec clients are buying the precious metal.

Gold was mostly flat on Tuesday trading around $990 as traders continued to look to the currency market for direction, although investors were somewhat cautious, saying bullion may be due for a small correction. Market analysts have said the gold market is vulnerable to price swings and profit-taking due to a build-up in long positions, which hit a record high last week for a third straight week. It fell below the key $1,000 mark last week on a bout of heavy selling, prompted in part by an absence of physical buying of gold due to near record high prices. Gold is trading at $992 as of 9:35am, London Time. Gold’s Pool-Position is 84% Long meaning that most Finotec clients are buying the precious metal.