• +1-949-335-4314

Capital Street BancClear Corporation

Option Banque is a brand owned and operated by Capital Street BancClear Corporation Limited with registered address Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, SVG.

  • Suite 305, Griffith Corporate Centre Beachmont, KingsTown Saint Vincent and The Grenadines

  • +1-949-335-4314

  • support@optionbanque.com

  • Monday-Friday: 6.00 AM
    4.00 PM GMT

Gold Reverses Higher Despite Strong Dollar and Stable Stock Market

    • Home
    • Trade Ideas
    • Gold Reverses Higher Despite Strong Dollar and Stable Stock Market
Jan, 03rd 18:44

Gold prices swung between gains and losses on Tuesday. The precious metal extended last year’s rise to Asian trading hours before falling in the European trade. Price dropped as low as $1145.97 per ounce after upbeat U.S. data but the down move reversed higher quickly.

The Institute for Supply Management on Tuesday reported that American manufacturing expanded last month. The ISM’s manufacturing PMI rose to 54.7 from 53.2 a month earlier, marking the fourth straight advance and the fastest pace in two years.

However, the positive news which supported the dollar and U.S. shares higher failed to put pressure on the yellow metal. Gold jumped to as high as $1164.28 per ounce even though the U.S. dollar index hit the 15-year high 103.83. Gold seems bullish in short-term but the long-term outlook appears cloudy due to Fed’s aggressive rate-hike path.

Trade suggestion

Buy Digital Put Option from 1160.00 to 1155.00 valid until 20:00 GMT January 04rd, 2017


Start Trading Binary Options on Indices, Commodities And Hundreds of Other Markets With Option Banque Now!

Option Banque has proven A+ Rating and Reviews on forex forums