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.

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