Gold News

Gold hovering around the $1000 mark as traders await U.S payrolls

Gold hovering around the $1000 mark as traders await U.S payrolls

Gold is trading at $1000 as of 11:30am, London Time. Gold’s Pool-position 84% Long, meaning that most Finotec clients are buying the precious metal.

Gold was steady on Friday, drawing little support from foreign exchange markets where the dollar was flat against a basket of currencies, with the market subdued ahead of key U.S. jobs data due later in the day. If non-farm payrolls come in weaker than the expected 180,000 job losses, it could renew fears about recovery in the world’s largest economy and bolster the dollar, seen as a safe haven. Gold is trading at $1000 as of 11:30am, London Time. Gold’s Pool-position 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