Etoro

The US Federal Reserve has continued its bond-buying scheme; it was announced in a press conference following Wednesday’s meeting. This move saw US markets closing at record highs, as the quantitative easing measures continue in America. Many traders at eToro watched with glee as their stocks and commodities soared in value.

In recent months, the Federal Reserve has been buying bonds like crazy, in a bid to stimulate America’s economy but, even though things are starting to look a little brighter on the other side of the pond, there is no hint from the powers that be that there will be any tapering of the stimulus programme.

Read more

Etoro

During Monday’s trading sessions, the price of gold and other precious metals fell dramatically at eToro and other online trading platforms. Admittedly, these falls were no where near the levels of June’s gold price crash but they were still hefty drops, ahead of Wednesday’s US Federal Reserve meeting. These recent market moves have been compounded by precious metal traders, especially gold traders, closing long term positions in fear of further falls in metal markets.

Following a small rally during the Asian trading sessions, in which gold prices reached $1,336 per ounce, prices retreated, nearing Friday’s five-week low for the precious metal. During Monday’s trading, many of the world’s markets rose but the US dollar lost ground against both the euro and the British pound, reaching eight month lows against its trans-Atlantic counterpart.

Read more

Etoro

In the past seven days the the price of gold has slumped significantly, plunging nearly 8 per cent in a single week. For anybody who trades precious metals or who bets on the fortunes of these markets, the past week has been an eye opener. Traders at eToro and other online investment sites saw gold head down towards the critical 1180 support price as the trading week got underway in Asia but will the downward spiral continue or will the price of gold rebound?

Gold prices have experienced an impressive run over the past couple of years, with two obvious contributing factors. Firstly, due to the economic and financial uncertainty in many parts of the world, investors at sites like eToro have favoured gold and commodities over buying currencies. Secondly, the ultra-low interest rates offered by many central banks has lead to many traders investing in gold as a ‘safe haven’ for their money.

Read more

Etoro

For the past five weeks the price of gold has made consistent gains but many market analysts believe that this week may see the price of the precious metal retreat a little. However, this dip is believed to be a short term trend that will quickly reverse, as many traders at eToro and other commodities trading sites are predicting that gold prices are set to rise during 2012.

The price of gold fell during Friday’s New York trading session, closing at $1,740.30 an ounce, which was down on the day but marginally up on the week once again. The main catalyst for the sudden dip in the price of gold on Friday was strong US employment figures and the news of 243,000 jobs being created, which boosted the strength of the US dollar. Because gold is traded in US dollars, the stronger the dollar is the weaker gold is. This is why gold struggled against the strong dollar on Friday.

Read more

Forexyard

The US Federal Reserve is announced a strategy to stimulate their ailing economy by selling $400 billion of its short-term securities and exchanging them for $400 billion in long-term securities, a move that’s designed encourage lending and borrowing among US banks and businesses. However, this news caused the price of gold fall and the dollar to rise at ForexYard and other online commodities and Forex brokers.

Following the news from the Feds, the price of safe haven commodity – gold – fell by over $26 per troy ounce during Wednesday’s trading sessions. The price of gold at ForexYard fell from $1,809.10 to $1,782.60 but, most unusually, the price of silver rose during the day. Silver prices normally shadow gold prices but today things were different. As gold was shedding dollars the price of silver rose by a little under 1 per cent, while palladium and copper also made small gains.

Read more

Etoro

Thanks to the world’s numerous financial crises and investors’ appetite for safe haven options, gold trading is as popular as ever at eToro and other leading online brokers. The price of gold has been rocketing over the last few months, reaching a new record high of $1,681.65 per ounce during Thursday’s trading sessions, but will the gold bubble burst or can we consider the precious metal a safe commodity to trade for the foreseeable future?

As silver prices almost always mirror the fortunes of gold prices, the price of silver has been on the rise too, climbing by over 25 per cent over the last year. Gold and silver have been bucking the trend recently, with both of their prices significantly increasing, while practically all other commodities and stock markets have been recording negative numbers during the same period.

Read more

Etoro

Once again the price of gold has surpassed record highs, trading as high as $1,609.30 per ounce at eToro during the Tuesday trading sessions. The new record price for gold has come about largely due to weakened dollar and the troubled euro, as commodities and Forex traders sell dollars and euros in favour of the safe haven commodity that is gold.

Even though gold prices have retreated a little since Tuesday, at the time of writing this article gold was being sold for $1,589.53 at eToro, with no sign of a landslide fall in the precious metal’s fortunes anywhere in sight. Gold’s most recent charge is mainly due to economic issues and weak currencies on both sides of the Atlantic.

Read more

Etoro

Speculators and investors at eToro and other online commodities brokers witnessed gold prices soar on Wednesday, breaking the ‘golden’ $1,500 mark in the process. And just like previous hikes in the price of gold, the price of other commodities benefitted too. This latest advance by the valuable metal has gone further than many analysts predicted and if you were on the gold wagon as it reached these dizzy heights on Wednesday you should be a happy trader right now.

Last week fear of inflation pushed gold prices up to the dizzy heights of $1,486 and the just the same as today, other precious metals including silver also climbed in value. Today silver traded above the $45.00 mark, climbing by 54 cents and hitting a 31-year high for the heavily traded commodity but what does the future hold for commodities such as silver and gold?

Read more

Forexyard

Fears of inflation pushed gold prices up during Friday’s trading sessions as traders at ForexYard and other online Forex brokers saw the precious metal as a safe hedge against the impending inflation rise expected in the US. A rise in inflation will often suppress a currency, which is the US dollar in this case. And traders have been selling dollars and buying gold, which has pushed its price to new highs.

During Friday’s US trading session gold climbed by 0.9 per cent to $1,486 per ounce before declining a little. However, it wasn’t just gold that was on the move. Traders also opted for silver as a safe haven commodity as they sought risk aversion tactics as the dollar fell. Silver closed this evening at $42.57 an ounce, which is a 31-year record high for the popular precious metal. The advances of silver made an overall gain of 2.2 per cent on the week.

Read more

Etoro

During yesterday traders at eToro saw gold climb to a near-record high thanks to the turmoil in Libya and the Middle-East. Silver has also benefitted from the unrest in the Arab nations, climbing to its highest level since 1980. Oil too increased in price due to the uncertainty in the region, making it to over $100 per barrel.

In a similar fashion to Forex traders when they buy US dollars and Swiss francs to reduce risk, gold is also considered a safe haven commodity that’s seen a huge rise in demand so far this week. This demand for the sought after precious metal saw it rise in price to $1,435.60 per ounce yesterday as traders shifted investments to avoid the market turbulence caused by the unrest in the Middle-East.

Read more