BUZ INVESTORS Gold increased 0.70 Gold is trading at $1288.20 per ounce at 09:40 GMT this morning, 0.12% higher from the New York close. This morning, the precious metal traded at a high of $1288.50 per ounce and a low of $1283.20 per ounce. Yesterday, gold traded 0.14% lower in the New York session and closed at $1286.70 per ounce, as strength in the US equities dented demand for the precious yellow metal. Immediate downside, the first support level is seen at $1282.63 per ounce, while on the upside, the first resistance level is at $1294.23 per ounce.
Gold increased 0.70 USD/t oz. or 0.05% to 1,285 on Tuesday April 18 from 1,284.30 in the previous trading session. Historically, Gold reached an all time high of 1898.25 in September of 2011 and a record low of 34.83 in January of 1970.
The biggest producers of gold are China, Australia, United States, South Africa, Russia, Peru and Indonesia. The biggest consumers of gold jewelry are India, China, United States, Turkey, Saudi Arabia, Russia and UAE. Gold Futures are available for Trading in the Commodity Exchange (COMEX) which merged with the New York Mercantile exchange in 1994 and became the division responsible for metals trading. Half of the gold consumption in the world is in jewelry, 40% in investments, and 10% in industry. However, Gold is not only a precious metal but also a commodity vital for many industries. Gold is an excellent conductor of electricity, is extremely resistant to corrosion, and is one of the most chemically stable of the elements, making it critically important in electronics and other high-tech applications. This page provides – Gold – actual values, historical data, forecast, chart, statistics, economic calendar and news. Gold – actual data, historical chart and calendar of releases – was last updated on April of 2017.
Richard Dambrosi (JADTECNIC) Has Been Sharing Forex Analysis Trending Markets News since 2011. Editors and Founder of InvestorsBuz.com , has a passion for Forex Social Sharing analysis and Market Trends Such as Self Driving Cars , Electric Cars, Medical Marijuana , 3d printing and Cloud computing , Refers to Readers as BUZ INVESTORS.
Eurozone GDP advanced as expected in 2Q 2016 On a QoQ basis in 2Q 2016, the seasonally adjusted second estimate of gross domestic product (GDP) advanced 0.30% in the Eurozone, compared to a rise of 0.60% in the prior quarter. Market expectation was for GDP to rise 0.30%. The preliminary figures had also recorded an […]
major currencies: (EUR-USD)(USD-JPY)(GBP-USD)(USD-CHF), (USD-CAD), (AUD-USD) Week Ahead Fed Highly Anticipated to Hike US Rates Buz Investors Hike US Rates The US Federal Reserve gets ready for the final monetary policy meeting of the year, and just like last year there is a high probability of a rate hike announcement. The U.S. Federal […]
InvestorsBuz Forex Market Roundup 10.24.16 This morning, the greenback is trading mixed against most of the major currencies, ahead of the US flash Markit manufacturing PMI for October, due to release in a few hours. The EUR is trading a tad higher against the USD, after the flash Markit manufacturing PMI indicated that activity in […]