Gold Day Trading

The gold spread trading market ended higher on Friday after rebounding off its lowest price in nearly four months. The precious metal notched its steepest weekly decline since June, as uncertainties over the U.S. budget weighed on Bullion prices for most of this week. The price of gold fell initially as there was less...
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Commodities staged their biggest collective gain in two weeks on Friday, as upbeat economic data from China and the United States offset concerns about the Eurozone’s worsening condition and the looming fiscal crisis in Washington. China’s vast manufacturing sector expanded in early December at the fastest pace in 14 months as new orders and...
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Commodities spread trading markets rose to their highest in a month on Friday as signs of progress in Greek aid talks and upbeat German economic data pressured the US dollar and elevated raw materials. Macro-economic factors were in focus through Friday’s thin session, with Greece saying the IMF had relaxed its debt-cutting target for...
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All eyes remained focused on the US Presidential elections. Whilst the outcome for the election is currently being considered a 50/50 scenario, the Dow has had bearish trend in place since the 13,550 level pushed the index down to 13,060 which is a key level. The UK index has not provided any clear signals...
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The barrage of bailouts & stimulus packages (fiscal & monetary) delivered since the Lehman collapse four years ago this week will not diminish the importance of the remarkable double-shot from Bernanke & Draghi this month. Over the last four years, we have seen: 3 rounds of quantitative easing from the Fed, 4 rounds of QE...
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Commodities spread trading markets rose broadly on Friday as the dollar fell to a near four-month low against the euro after disappointing US job numbers for August led to expectations for further US stimulus. Gold prices rushed to a six-month peak, copper hit a near 4-month high and oil rose for a third day as...
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In the day trading markets, commodities jumped on Friday after weak US employment data convinced many investors that the Federal Reserve would have to act to stimulate the economy. The data showed employers hired 163,000 workers, the most in five months and above expectations calling for an increase of 100,000 jobs. However, an increase...
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European Spread Trading Markets In what was essentially a very lacklustre day on European markets, banks and energy stocks took a breather after yesterday’s gains and bourses generally consolidated amid wafer thin trading volumes. All eyes were firmly on Bob Diamond’s testimony before the Treasury Select Committee. The former bank chief denied that the Bank of...
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Metals and oil prices closed up on Friday after central banks across the world pledged to avert any market disruptions from weekend elections in Greece. In day trading, the dollar fell against the euro, providing support to commodities priced in the greenback, as central banks in major economies stood ready to pump money into markets...
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FOMC minutes out last night appeared to push a potential third phase of quantitative easing by the Federal Reserve to the back seat. This provided a somewhat contradictory and confusing scenario to that of which Bernanke, the Fed Chairman, has hinted to in the last few weeks. Whilst Bernanke continues to talk down the...
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