FOREXYARD: Forex News Blog |  |
| Gold Prices Stabilize Near $1,060 Posted: 22 Oct 2009 01:34 PM PDT The USD witnessed a steady depreciation against most of its major currency counterparts during the afternoon trading session. The Dollar is currently trading lower against the CHF by nearly 40 pips at 1.0045. It is also trading lower against the EUR and GBP, as investors remain wary of making big bets in favor of the Dollar these days. Gold Prices was steady around $1,060 on Thursday as the dollar fell slightly against the EUR and crude oil maintained its strength, although some resistance emerged around that level. Further gains could be on hold for the rest of the week, however, as investors await news that will provide clues to the state of the global economy. With so much news affecting the stock market and forex, many traders tend to overlook the benefits of commodity trading. Crude Oil and gold tend to be an investment with a lot of potential, making them one of the safer investments for a portfolio looking for a hedge against inflation, or away from the volatility of many currencies. Tomorrow’s news releases about British Prelim GDP and U.S Existing Home Sales data are expected to create a heavy level of volume and volatility, meaning most commodities will experience something similar. Don’t miss out on these opportunities if you’re an active forex trader.       |
| You are subscribed to email updates from Forex Trading Education : Forex Trading Blog by FOREXYARD » gold. gold today To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google Inc., 20 West Kinzie, Chicago IL USA 60610 | |
ForexTrendy is a revolutionary application capable of determining the most PROFITABLE continuation chart patterns. It scans through all the forex pairs, on all time frames and analyzes every possible breakout.
ReplyDeleteBullion Exchanges is a trusted Precious Metals Seller established in the heart of New York City's Diamond District.
ReplyDeleteThey have a massive selection of products including, metals that range from the gold and silver to platinum & palladium.
Bullion Exchanges are offering a massive range of products appealing to 1st time buyers and the experienced investors.