Register
Demo
Contacts
 

Analytical Reviews

Get the latest economic news from ForexMart, including updates on the financial market, central bank policy announcements, financial indicators, and other relevant news which can impact 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 strengthened against the background of a weakening dollar

August, 29 2024
watermark Economic news

Gold prices rose steadily in Asian trading on Thursday, remaining near record highs. The dollar's growth slowed on the eve of the release of important inflation data, which may affect the Fed's decision to change interest rates.


The spot price of gold rose 0.6% to $2.524.49 per ounce, and December futures rose 0.6% to $2.557.6 per ounce. Gold is holding near its peaks, awaiting data on inflation and GDP.


Markets expect the Fed to cut interest rates in September, which favors gold. The depreciation of the dollar also contributed to the growth of the metals market.


Moreover, the drop in Nvidia shares, which led to losses in the broader stock markets due to concerns that the hype around artificial intelligence is cooling, also contributed to an increase in demand for «safe assets.»


信頼できる取引プラットフォーム

専門的なサポート

迅速なオーダー処理

Logo

QUICK LINKS

+ 442 030 976 697
コンタクトする
コメントする
twitter

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
defer(function(){ $("#cookies_modal").modal('show'); setCookie('fm_cookies', 'agree'); $(document).on('click', ".fm_cookies", function () { $("#cookies_modal").modal('hide'); setCookie('fm_cookies', 'agree'); }); }); function setCookie(key, value) { var expires = new Date(); expires.setTime(expires.getTime() + (10 * 365 * 1 * 24 * 60 * 60 * 1000)); document.cookie = key + '=' + value + ';expires=' + expires.toUTCString(); }
Risk Warning:
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.