Trader’s Timeout: Gold Sell-Off Intensifies After Fed’s Decision
Moderator: moderators
-
kreslik.news
- rank: 10000+ posts
- Posts: 37388
- Joined: Thu Jan 14, 2016 9:36 am
- Reputation: 2
- Gender:
Trader’s Timeout: Gold Sell-Off Intensifies After Fed’s Decision
Gold prices crashed to a new ten-month low on Thursday, as the US dollar reigned supreme following the Federal Reserve’s decision to raise interest rates for the first time in a year.
Gold for February delivery fell 3% to $1,129.20 a troy ounce on Thursday, its lowest since early February. The futures price was last seen trading at $1,131.70 a troy ounce early Friday.
To unlock the Asian market, register now to the iFX EXPO in Hong Kong
Demand for silver also crashed on Thursday, with the March futures price plunging nearly 7% to $16.05 a troy ... (read more)
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
Thank you for your support.