Gold stabilized after Thursday drop

Market news

30 October 2015

Gold stabilized after Thursday drop

Gold is currently at $1,148.50 (0.10%). This morning the precious metal stabilized after a sharp fall on Thursday, which was triggered by expectations that the Federal Reserve could still raise interest rates till the end of the year.

Some analysts say that gold may receive support from physical buying in China ahead of the Lunar New Year celebrations, but still fundamentals remain unfavorable.

Germany: Retail sales, real adjusted , September 0.0% (forecast 0.4%)

Global Stocks: U.S. stock indices declined slightly amid expectations of a rate hike by the end of the year

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.