Gold climbed despite higher stocks

Market news

26 February 2016

Gold climbed despite higher stocks

Gold is currently at $1,240.50 (+0.14%). Favorable technical factors and exchange traded funds inflows outweighed stronger stocks. Bullion's 50-day moving average went above the 200-day moving average bringing the shorter-term price average about $3 higher compared to the longer-term average.

Holdings of SPDR Gold Trust, the largest gold-backed exchange-traded-fund, are at the highest level since March 2015.

Oil prices edged down

Global Stocks: U.S. stock indices rose following oil prices

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.