Gold increases the third straight day

Market news

27 January 2012

Gold increases the third straight day

Gold prices rise due to the depreciation of the dollar against the euro after reports the U.S. Federal Reserve's intention to continue an extremely loose monetary policy.

The dollar fell 0.3 percent against the euro, which reached a five-week, on Thursday to a maximum of U.S. currency. The dollar index fell by 0.19% to reach 79.36 points.

Activity in the physical market is weak, since China and other major Asian markets closed for New Year celebrations of the lunar calendar.

Cost of the February gold futures on the COMEX today rose to 1733.1 dollars per ounce.

European stocks closed in minus: FTSE 100 5,733 -61.75 -1.07%, CAC 40 3,319 -44.47 -1.32%, DAX 6,512 -27.87 -0.43%

U.S. stocks traded in different directions: Dow 12,680.93 -53.70 -0.42%, Nasdaq 2,813.61 +8.33 +0.30%, S&P 500 1,316.55 -1.88 -0.14%

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.