Gold declined

Market news

16 February 2016

Gold declined

Gold fell to $1,196.40 (-3.47%) as risk appetite and higher stocks decreased demand for the precious metal. Goldman Sachs said it expects prices to decline further with a three-month target of $1,100 per ounce, while a 12-month target stands at $1,000. Some analysts say that the latest declines were inevitable after a fast increase last week.

Options levels on tuesday, February 16, 2016:

Global Stocks: Asian stock indices rallied

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.