Forex trading

The gold price on the forex market was very high in December, an ounce was priced at $1235.40. This was one of the highest rates at all time while the rate at this time is more then $4 up at $1239.50 with forex trading. The rate fluctuates fast up and down, the lowest rate was little less than $1230 at $1229.50 which is the lowest of this week. During this fluctuation the Dollar was getting up little while the Euro loses his value and in the meantime the gold price for forex rises with $2. The forex price is rising because the labor department said the initial jobless was no good news, with more bad news from Philadelphia the recovery stalled out.

Most gold is bought by forex traders when there is bad news from the eurozone or job market. Gold is very stable for the last 20 years, that is why people invest in a relatively safe way. Prizes for gold in forex were stable during good news from the Eurozone while the currency of the euro drops. The rise above the $1235 was a record in 7 weeks. Partly because there is little volume, many analysts expect that the value will rise this summer, but not much. The expected gold price with forex is 2.5% above the rate from august which will set a new record above the intraday of $1264. All investors are strongly getting back in the golf while there is a continued inflow with forex traders willing to trade gold.


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