Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Commodities  >  Gold       XAUUSD

Mes dernières consult.
Most popular
News SummaryAll newsTweets

Materials Up as Dollar Weakness Buoys Gold - Materials Roundup

share with twitter share with LinkedIn share with facebook
share via e-mail
12/29/2017 | 10:09pm CET

Shares of miners and other commodities producers were more or less flat as a weaker dollar spurred renewed interest in the sector.

The price of gold looks set to close the year above $1,300 an ounce, for a 17% gain, the largest since 2010.

Gold futures have advanced in 11 of the last 12 sessions as traders threw out assumptions that the U.S. would raise interest rates much more quickly than other developed nations. That weakened the value of the dollar in foreign-exchange markets, a key variable for calculating gold prices.

Similarly, the price of copper has risen 30% for 2017, to trade over $3.20 a pound. The price of copper fell Friday to end the longest ever streak of gains on the New York Mercantile Exchange, at 16.

Rob Curran, [email protected]

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on GOLD
01/16 TSX retreats as lower commodity prices pressure resource stocks
01/16 GOLDCORP : Canadian gold miner Goldcorp finished with M&A, CEO says
01/16 HARMONY GOLD MINING : 1st Half FY18 Gold Production Higher Than in 2nd Half FY17
01/15 Gold miners and pot stocks push TSX higher
01/12 Lumber and gold stocks boost TSX, offset drop in pot stocks
01/12 Gold Rises for Third Straight Session
01/12 Gold Rises for Third Straight Session
01/11 Gold Rally Continues as Dollar Falls
01/05 TSX falls with resources stocks at end of strong week
01/05 METALS : Gold Prices Slightly Higher After Jobs Report
More news
Chart GOLD
Duration : Period :
Gold Technical Analysis Chart | XAUUSD | 4-Traders
Technical analysis trends GOLD
Short TermMid-TermLong Term