Although investors on the market expected the FED will increase interest rate, Gold is protecting its earnings at the end of week with climbing to its highest level since 2013. Spot gold reached from 1,258 USD level to 1,256 USD level which was the closing level of last Thursday with about 0.4% increase on the global forex market. After two-week decline, the gold focused prices increase with the support of ETF assets to six weeks in a row. Gold have not had a long decreasing period, due to comments from Fed officials about interest increase during this year and stronger position of USD on the market. At the end of Tuesday, the gold prices have increased with the decline of global stocks continued more than three days. U.S. retail sales, producer price data and consumer confidence index can give an idea about the direction of the interest in the USA will take. Especially, increasing interest in FED meeting in November will be a weak possibility, but during the year we can say it’s stronger possibility.

Comment Send

• 

  Sterling showed the worst performance during October

• 

  Global markets are following the latest developments from the UK

• 

  Fischer : There are strong reasons about interest increase

• 

  USD/TL parity is trying new records with 3.42 level

• 

  Fitch made changes on Credit Rating of some countries

• 

  Oil market continues its positive trend after the expectations of oil supply

• 

  Bos : interest increase can be stopped by Trump and data of markets and employments

• 

  Global markets focus on the latest developments from Syria

• Gold prices are following decreasing trend

• 

  Global markets are waiting for latest developments