Gmo Trading

At the end of the last week, gold has fallen in price to a minimum in the last two weeks. The cost of an ounce has dropped to $1,279. Yesterday, May 20, the fall in prices stopped. The cost of gold was fixed at $1280 per ounce. The negative trend was replaced by a symbolic increase in prices by a few hundredths of a percent. In the French bank BNP Paribas, they believe that by the end of June, the precious metal will be able to play this drop and re-break the $1,300 mark. The forecast of BNP Paribas provides gold rise to $1,305 by June 30, 2019. First you need to understand why gold has been falling all week. Investors typically view gold as a defensive asset in case of uncertainty in global markets. Gold is starting to buy at the moment when players and analysts doubt the growth prospects of the global economy. Traders often receive money to buy gold from the sale of stocks or currencies. Over the past week, many US companies have published strong financial statements....

In the course of trading on the New York Stock Exchange Comex, February futures rose 0.36% to $ 1,313.6 per ounce on January 30. The contract grows in price for the fourth session in a row. The January meeting of the Federal Reserve will end on Wednesday. But what is important is that almost none of the market participants have any doubt that the base interest rate will be left at 2.25-2.5%. A press release will be available to the public at 20:00 London time, and half an hour later chairman Jerome Powell will start the press conference. It should be noted that he plans to hold briefings every time after each meeting from the current year, but without a new economic forecast. At the same time, the head of the Central Bank, Jerome Powel may signal in his speech that the Federal Reserve is ready to reduce the speed of rate increase. The current forecast from the Fed leadership provides two increases in 2019, while the market does not expect a rate change until the end of the y...