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.

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IG Index

IG Index, the world’s largest spread betting firm has been given the go ahead by US regulators to provide American customers with their award-winning spread betting products and services. IG Index Has Moved Into The US Marketplace but executives has warned shareholders that the new business won’t generate any short term cash for the spread betting firm, instead predicting that the long-term rewards for the current investment will be worthwhile.

IG Index had been attempting to get approval from the US regulators for some time and seemed to be at a deadlock, with IG Index’s chief executive Tim Howkins saying earlier this month that the deal was stuck in “regulatory limbo” as its online trading platform awaited approval. However, IG Index has finally received the green light and will be offering products to US customers later this month.

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