Gold News

Gold is trading at $69.90 as of 22:08PM, London Time. Gold’s Pool-position is 83% Long, meaning that most Finotec clients are buying the precious metal.

Gold keeps hitting new highs as the Dollar weakens

Gold is trading at $69.90 as of 22:08PM, London Time. Gold’s Pool-position is 83% Long, meaning that most Finotec clients are buying the precious metal.

As the dollar’s dominance fades with the emergence of a multipolar world, gold may stand to gain the most of all assets thanks to unlikely quality neutrality. Gold plunged almost 20 percent in October 2008, taking a hit when investors dumped assets across the curve for cash as liquidity dried during the height of the credit crunch. But in comparison to other asset classes gold did well, with broader commodities and equities hitting multi-year lows in the unwinding of complex positions built over the past several years. Gold is trading at $69.90 as of 22:08PM, London Time. Gold’s Pool-position is 83% 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