• Trade Magnates on Facebook
  • Trade Magnates onTwitter
  • Trade Magnates YouTube Channel
  • Trade Magnates on LinkedIn

© 2019 Trade Magnates. All Rights Reserved

Risk Disclosure: Trade Magnates will not accept any liability for loss or damage as a result of reliance on the information contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible. Currency trading on margin involves high risk, and is not suitable for all investors. Before deciding to trade foreign exchange or any other financial instrument you should carefully consider your investment objectives, level of experience, and risk appetite.
Trade Magnates would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Hence, Trade Magnates doesn’t bear any responsibility for any trading losses you might incur as a result of using this data.

Please be also aware that any content in relation to trading signals, technical analysis or any similar information/content, may not be accurate and you should seek multiple information and make your own trading decisions. 
Contact us: info@trademagnates.com Location: United Kingdom

Search

Gold Prices Started The Week On A Bullish Note



Trade Magnates -With the tension rising between the U.S. and North Korea, Gold prices started the week on a bullish note.

President Donald Trump, has embedded within his comments “only one thing will work” that a military action might be one of his choices. In response, King Jong Un, North Korea’s leader said about his nuclear weapons “a powerful deterrent”, state media reported on Sunday.

Heating up the tension between the two countries, a Russian lawmaker has said that North Korea is preparing to test launch a missile that can hit the U.S. right after his return from visiting Pyongyang.

The Gold has lost around 0.8% last week in its fourth weekly decline. Gold prices have been threatened in recent weeks amid optimism of growing expectations of Federal Reserve rate hike in December. Investors will keep their eyes on minutes of the Federal Reserve’s latest policy meeting in the week ahead speculating the next U.S. rate hike as well as on the U.S. economic reports, particularly the inflation data report this Friday.

Comex Gold futures tacked on $1,283.89 a troy ounce by 06:45GMT. All electronic transactions will be booked with Tuesday’s trades as the trading floor on Comex will be closed today because of the Columbus Day holiday in the U.S.

#Gold #Commodities #NorthKorea #US

XM.jpg
XM2.jpg