OctaFX | OctaFX Forex Broker
Open trading account

Gold consolidates near 3-month lows

FXStreet (Córdoba) - Gold consolidated near 3-month lows Tuesday following sharp losses the previous day amid broad dollar strength.

Spot gold fell to its lowest since June at $1,251 Monday and closed 1.0% lower but managed to recover somewhat and steadied in a tight range over the last hours. The metal is currently trading at $1,254/oz, 0.16% below its opening price.

The US dollar strengthened across the board Monday underpinned by a research from the San Francisco Fed which noted investors are underestimating how quickly US interest rates will rise.

As for silver, the gray metal fell nearly 1.0% to a 12-week low of $18.90 and it was last at $18.95 an ounce.

1.2900 may be the new ceiling for the euro - ForexTrading.TV

As Nick Jordan, currency analyst at ForexTrading.TV speculates, 1.2900 may be the new ceiling for the euro.
Read more Previous

SEB: EUR/USD range breakout target soon reached - eFXnews

The eFXnews team comment that the SEB believes that a EUR/USD near-term 'Triangle' breakout target at 1.2864 will be filled soon.
Read more Next
Start livechat