Gold for August delivery (CNS:GCQ3) climbed $39.40, or 3.2%, to $1,286.60 an ounce in electronic trade. The signal that the Fed will likely maintain an accommodative policy stance boosted gold prices, as quantitative easing by the Fed and other central banks worldwide has been seen as supporting a rally in gold in recent years.
You might be interested in …
Copper Price Hits 9-year Highs
Copper price hits 9-year highs amid strong demand for manufactured goods and China’s strong economic rebound after the coronavirus health crisis.
ASIC bans the sale of binary options to retail clients
ASIC has made a product intervention order banning the issue and distribution of binary options to retail clients.
CFTC Orders Interactive Brokers LLC to Pay a $1.75 Million Penalty for Supervision Failures
CFTC filed and simultaneously settled charges against Interactive Brokers LLC, a registered futures commission merchant, for failing to diligently supervise the handling of its customer accounts by not adequately preparing and configuring its electronic trading system to receive negative prices and calculate margin on April 20, 2020
Latest Posts
