Gold prices decline on speculation the FED is moving closer to an interest hike

Market news

15 December 2014

Gold prices decline on speculation the FED is moving closer to an interest hike

Gold prices fell in today's trading, cutting previous weeks gains that were fuelled by slumping oil prices and a decline in global stock markets, amid speculations the FED is going to raise interest rates as the U.S. economy grows. Investors are looking forward to the upcoming FED meeting later in the week on Wednesday. The precious metal is currently quoted at USD1,210.20 or -0,91 % a troy ounce, still above the important key-level of USD 1200.

GOLD currently trading at USD1,210.20

Oil: prices recover from new 5-1/2 year lows

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.