empty
 
 

2017.11.2008:05:00UTC+00Gold Cools After Rally, Merkel Twists

Gold futures were slightly lower Monday morning, giving back early gains despite lingering geopolitical tensions and uncertainties in Germany.

Gold was down $4 at $1292 an ounce, having risen sharply in the previous session.

German government coaltion talks broke down over the weekend, putting Chancellor Angela Merkel's leadership at risk.

The dollar strengthened against the euro on the news, denting gold prices.

Speculation that Congress will fail to act on tax reform plans before Thanksgiving also kept investors on their toes.

On the economic front, the Conference Board's Leading Indicators for October will be issued at 10.00 am ET. The economists are looking for growth consensus of 0.6 percent, compared to a decline of 0.2 percent in the prior month.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback