Gold trading again under USD1,200 after yesterday’s biggest one-day gain in a year

Market news

2 December 2014

Gold trading again under USD1,200 after yesterday’s biggest one-day gain in a year

Gold, currently trading at USD1,198.20 a troy ounce is trading lower today, just below the important level of USD1,200. Yesterday the precious metal touched a daily low of USD1,142.40 after Swiss voters said no to the "Save Our Swiss Gold" referendum and then started the biggest daily climb in a year reaching a one-month high at USD1,221.00.

Today gold continues to be under pressure as the U.S. dollar strengthens and falling oil prices make an inflation-hedge via gold less attractive.

GOLD currently trading at USD1,198.20

Oil: prices under pressure after yesterday’s gains

Option expiries for today's 10:00 ET NY cut

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.