TeleTrade - Analytics


    873.00 6.50/10
    64% of positive reviews

    02.07.2015 07:08 Gold declined slightly

    Gold is currently at $1,166.90 (-0.21%) an ounce. Investors put concerns over Greece aside and concentrated on today's U.S. payrolls report. Investors will be looking for clues to the timing of the data-determined rate hike by the Fed. Strong data would mean that there is a continuous improvement in labor market, which is required to justify a rate hike.

    Gold may become more attractive if Greece leaves the euro zone or a similar scenario happens in other European countries.

    To leave a comment you must or Join us

    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree