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Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Gold price resumed falling

October, 23 2020
watermark Economic news

The price of gold resumed its decline after the morning corrective growth. The current quotation of the asset is $1.899.90 per troy ounce.


In the morning, the price of gold rose within the correction to the level of $1.917.25. By the evening, the precious metal returned to decline again, as investors focused on the talks on stimulating the US economy. House Speaker Nancy Pelosi and US Treasury Secretary Stephen Mnuchin continue to discuss the amount of the economic support package. Pelosi said yesterday that there is progress in the talks and a decision could be made soon.


Also the focus of the markets is the presidential race in the United States. The final debate between incumbent US President Donald Trump and Democratic candidate Joe Biden ended on Thursday. During the debate, the candidates emphasized the difference in their approaches to resolving the issues discussed, but did not provide new information that could provoke a reaction in the markets.


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Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.