Don’t waste your time – keep track of how NFP affects the US dollar!

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Follow us on Facebook

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

FBS Mobile Personal Area

FREE - In Google Play

Gold reaches 2-week maximums

Gold reaches 2-week maximums

Information is not investment advice

The yellow metal is currently at an inflection point due to the fact that market participants are mulling over what's bigger to the financial market, an everlasting US-China trade clash, which could potentially knock bullion off its $1,300 perch or Brexit/Venezulea fears, which might end up in fresh 2019 maximums.

The spot price of the number one precious commodity as well as futures of gold reached two-week maximums on Friday because a string of dismal economic data as well as subdued inflation backed the Fed’s stance of being patient with future rate lifts.

Some financial analysts pointed out that the yellow metal keeps ignoring firm stocks and the greenback.

Spot gold contracts managed to ascend by 0.5% being worth $1,319.31 per ounce.

Besides this, on the Comex exchange, April delivery gold futures ascended by 0.7% ending up with $1,322.95 per ounce.

In general, gold has leapt over 12% since hitting more than 1-1/2-year minimums in mid-August, mostly on expectations for a pause in Fed rate lifts. However, the yellow metal’s run-up has also lost steam since January when the spot price hit $1,365.61 and futures demonstrated $1,331.10.

On Friday, Wall Street managed to tack on because negotiators on both sides of the trade negotiations between American and China reported decent progress in Beijing, telling that talks would resume in Washington next week.

Global commodities company Trafigura has made up its mind to cease trading crude with Venezuela because of American sanctions on the OPEC nation's energy sector.

Palladium futures managed to rally by up to 1.6% being worth $1,408.10 per ounce.

As for silver futures, they soared by 1.4% being worth $15.74 per ounce.

Besides this, platinum futures gained 2.3% demonstrating $807.20 per ounce.

Copper futures jumped by 1.2% hitting $2.81 per pound.


All eyes on AUD

The RBA will make a rate statement on August 4 at 7:30 MT time.

Gold fell below $1,700

Gold (XAU/USD) is declining for the second day in a row. The reason of such a dynamic is that investors have turned to stocks.


Choose your payment system

Learn more


Please fill in the form below so we can contact you

Select the best time for us to call you. We give calls from Monday to Friday in suggested intervals. In case we couldn't get through, we will try again at the same time the next day. For getting real-time assistance, use FBS chat.

We provide only English-speaking callbacks. If you prefer any other languages, contact the support team.

We will call you at the time interval that you chose

Change number

Your request is accepted.

We will call you at the time interval that you chose

Next callback request for this phone number will be available in 00:30:00

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later