• +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

U.S. Dollar Rally Halts In Postholiday Trading But Gold Remains Weak

    • Home
    • Trade Ideas
    • U.S. Dollar Rally Halts In Postholiday Trading But Gold Remains Weak
Nov, 25th 17:18
gold

Gold prices continued to drop on Friday, hitting a fresh 9-month low at $1170.77 per ounce even though the U.S. dollar’s bull run paused today.

The precious metal plummeted about 3.6% for the week as the dollar index notched its highest level in over a decade amid rising speculations that the Federal Reserve will nudge interest rates higher next month. Higher interest rates are typically negative for non-yielding assets such as gold. Additionally, stronger greenback makes gold less affordable for buyers holding other currencies.

The dollar’s rally came to a halt on Friday. However, with economic data remaining positive, financial markets see a 93.5% chance the central bank will raise rates a quarter-point to a range of 0.5% to 0.75% during its next policy meeting in mid-December

Trade suggestion

Buy Digital Put Option from 1180.00 to 1170.00 valid until 21:00 GMT November 25, 2016

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