One Financial Markets Forex CFDs Equities DMA FX International Money Transfers Debt & Capital Finance One Trading Academy

One Financial Markets News

FSA Regulated Broker | FIXED LOW Spreads from 2 PIPs | 100,000 RISK FREE Demo Account

Jul

26

Gold prices climb on trading platforms

July 26th, 2010

The value of gold has risen today (July 26th) amid speculation that prices less than $1,200 (£776.90) an ounce are helping to improve the level of demand.

The commodity for immediate delivery rose to $1,193.35 on trading platforms, an increase of 0.4 per cent, by 12:56 local time in Singapore.

Gold has weakened 3.9 per cent in July for the first decline in four months, following a record $1,265.30 on June 21st.

Chae Un Soo, a Seoul-based trader with Korea Exchange Bank Futures, said: "In the longer term, gold has the potential to power higher again as signs of an economic rebound are likely to provide an excuse for investors to build up positions as an inflation hedge."

He added that physical buying is occurring as prices remain below $1,200.

Robert Lockie, investment manager for London-based Bloomsbury Financial Planning, recently suggested that investors are less inclined to take equity risk after market falls and when the future looks uncertain.

This entry was posted on Monday, July 26th, 2010 at 11:05 and is filed under Trading News. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.

Comments are closed.

CB Financial Services Ltd is authorised and regulated by the
Financial Services Authority under firm reference number 466201.

Contracts for Differences (CFDs) and margined FX are leveraged products which carry a high degree of risk to your capital and may result in you losing more than your initial deposit. Trading CFDs may not be suitable for all investors and you should fully understand the risks involved before opening an account. Please read the Risk Warning notice on our website.

The information contained in this publication is not intended as an offer or solicitation for the purchase or sale of any financial instrument. One Financial Markets assumes no responsibility for any fact, recommendation, opinion or advice contained herein and expressly disclaims any responsibility for any decisions or for the suitability of any security or transaction based on it.

One Financial Markets is an online CFDs broker offering one of the widest ranges of energy commodities available on the market. Through our online trading platform clients have access to all major forex crosses, international indices, ETFs and soft commodities with some of the lowest margins, tightest spreads and fastest execution available in the market. The fast and easy to use platform provides free charting, news, analytics and 24 hour customer support via chat, phone or email.

One Financial Markets is the trading name of CB Financial Services Ltd, a company registered in England under company number 6050593.

One Financial DMCC is fully licensed under the Dubai Multi Commodities Centre and a wholly owned subsidiary of One Financial.

www.onefinancialmarkets.com is owned and operated by CB Financial Services Ltd UK.