Thu. Jul 7th, 2022

Fxtriangle | Market analysis | Managed trading

Fxtriangle will make Fx trading look easy.

Gold not shinning

1 min read

Gold prices eased for a third straight session on Wednesday as the dollar climbed to a near two-month high, though uncertainties surrounding global economic recovery limited the bullion’s decline.

Spot gold fell 0.2% to $1,894.69 per ounce by 348 GMT.

U.S. gold futures were down 0.5% to $1,898.

The dollar index, often seen as a rival safe-haven, hit an eight-week peak helped by positive U.S. economic data and concerns about a second wave of coronavirus infections in Europe and Britain.

A firmer dollar makes bullion more expensive for holders of other currencies.

Leave a Reply

Forex trading and any instruments related to Foreign Exchange Market are Speculative and carry substantial risk of loss of either partial equity or the entire deposit amount. Leverage adds up to the risk, before considering to invest in this venture, you should first consider your financial position and may seek the help of an independent financial advisor. FXtriangle dis-recommends the usage of loan instruments to trade in this market as it can hamper financial position. Please do not invest the money that you cannot afford to lose. FXtriangle provides all its services throughout the Globe Excluding (Nigeria, British Virgin Island & the Islamic Republic of Iran) and also provides limited service in some jurisdictions where investment in Overseas markets / Fx Exchanges are prohibited by Law If you are not sure to contact us before using any of our services. FXtriangle acts as an Independent Corporate Financial Advisor and connects you to various overseas exchanges and cannot be held liable for any financial damage occurring through their side. All of our partnered institutions are regulated in various jurisdictions.FXtriangle conducts an independent background check before partnering with any institutions to fulfill your investment objectives smoothly. The usage of our Business name, Logo or any trademark in any financial forum, website, review website, complaint arena, Billboards without our written permission will attract lawsuits.