Binary Options News: The Strong Dollar Brought Gold Down

Binary Options News: The Strong Dollar Brought Gold Down

Comments Off on Binary Options News: The Strong Dollar Brought Gold Down

Recent remarks from the Federal Reserve helped the dollar move higher

Gold dove below $1,200 for the first time since February after the dollar rose to a two-month high. The dollar recently gained momentum after comments from top Federal Reserve officials pointed to an interest hike in the near future. The rate hike would increase the dollar’s value, making the dollar-denominated precious metal less attractive to investors. Gold initially fell more than 1% below $1,200, only to later settle at $1,209 an ounce. The U.S. dollar index rose 0.35% while the euro struggled to maintain a 2.5-month low against the greenback.

While U.S. and U.K. markets were closed for a holiday, European stock markets were mostly higher on Monday’s choppy trading session. The pan-European Stoxx 600 gained 0.1%, the French CAC 40 added 0.15% and the German DAX 30 rose 0.4% to touch a one-month high.

Major economic events include Japanese and German unemployment later today. This week holds a number of critical economic events, including the European Central Bank’s meeting on Thursday, OPEC’s meeting also on Thursday, and the U.S. nonfarm payrolls report on Friday. Considering recent statements from the Fed, the nonfarm payrolls report will be in high focus. For the most important binary options news, stay updated with OptionsClick, the top binary options trading broker.

Sources: Yahoo Finance CNBC

 

The post Binary Options News: The Strong Dollar Brought Gold Down appeared first on Binary options news by OptionsClick(R).

The post Binary Options News: The Strong Dollar Brought Gold Down appeared first on binoptions.info.

Matt Green

Related Posts

New Binary Options Fraud Alert Released by FINRA

Comments Off on New Binary Options Fraud Alert Released by FINRA

Use Binary Options to Trade Volatility

Comments Off on Use Binary Options to Trade Volatility

The earning calendar next week shifts mostly to retail

Comments Off on The earning calendar next week shifts mostly to retail

Threat of Blockchain and Cryptocurrencies Distant But Inevitable, Says Moody’s

Comments Off on Threat of Blockchain and Cryptocurrencies Distant But Inevitable, Says Moody’s

AN HIGHLIGHT ON DALECOIN CRYPTOCURRENCY AND UPDATES ON NEW FEATURES IN THE DALECOIN ECOSYSTEM

Comments Off on AN HIGHLIGHT ON DALECOIN CRYPTOCURRENCY AND UPDATES ON NEW FEATURES IN THE DALECOIN ECOSYSTEM

Who’s Winning The Electric Vehicle Race?

Comments Off on Who’s Winning The Electric Vehicle Race?

Bitcoin Cash Price Weekly Analysis – BCH/USD Remains Bearish

Comments Off on Bitcoin Cash Price Weekly Analysis – BCH/USD Remains Bearish

Bitcoin Price Weekly Analysis – BTC/USD in Monstrous Trend

Comments Off on Bitcoin Price Weekly Analysis – BTC/USD in Monstrous Trend

Bitcoin Cash Price Technical Analysis – BCH/USD Approaching Support

Comments Off on Bitcoin Cash Price Technical Analysis – BCH/USD Approaching Support

Opinion Collapse of Bitcoins New York Agreement Would Have Long Term Consequences

Comments Off on Opinion Collapse of Bitcoins New York Agreement Would Have Long Term Consequences

With Force Majeure on Nembe <b>Oil</b> Line, Nigeria Risks Revenue, Production Cuts

Comments Off on With Force Majeure on Nembe <b>Oil</b> Line, Nigeria Risks Revenue, Production Cuts

Antminer miner machine communication interface signal cable,suitable for S9, S7, S5+, S5; 2 * 9 feet spacing 2.0mm * 155mm

Comments Off on Antminer miner machine communication interface signal cable,suitable for S9, S7, S5+, S5; 2 * 9 feet spacing 2.0mm * 155mm

Create Account



Log In Your Account