Gold: Gold futures ended Friday’s session at the highest level since late-February, as disappointing U.S. employment data sparked fresh expectations for another round of quantitative easing by the Federal Reserve.On the Comex division of the New York Mercantile Exchange, gold futures for October delivery settled at USD1,735.45 a troy ounce by close of trade on Friday, the highest level since February 29.On the week, gold futures added 2.52%, the third consecutive weekly gain.
one news that i think really affect the gold market is the quantitative easing announcement . the price of gold can really move up or down violently and that will present some very nice pips or returns
Your information is right bro but my question is this,
What is best for trading???????????
Those two are really precious indeed and both has a different use. The movement of Gold is the direct opposite of the US dollar, that is why it is used to protect investors whenever there is a decline in the value of dollar. Oil on the other hand is an actively traded commodity which may give you a substantial profit.
gold trading is not suitable for all.Because in gold trading, there is a huge movement of price which is really risky for small traders, even big traders in currency trading are also small trader in gold trading.So to trade in gold trading, you have to have a huge capital.
Gold in fall slightly its now stay in 1721.0 range should-be going under 1699.0 few days later some times gold is to complex item for choose i am not interest to used it most of time its a big fish so always have risk to making any mistake.
news is mostly a ready priced in and this is what will make you to be a good trader one that will make sure that you dnt enter a trader only for the news to already be factored in that will be bad in your trading
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