It is relatively common for gold futures to start and end the week on high notes. This week is no exception! As of end-of-day trading on Friday, March 24, 2017, an ounce of gold for April delivery was priced at $1,250. Thursday saw a slight softening of the price per ounce, following five straight days of impressive gains.
Overall, this week has been kind to gold, with solid demand keeping the price at nearly $50 more per ounce than it was on March 10, two weeks ago. For those who watch the investment and commodities markets, this rapid fluctuation could have proven to be profitable!
For those who trade gold via an online Forex platform, the last few weeks could very well have been lucrative. There’s no question that when more traditional investments, such as stocks, seem risky to investors, gold suddenly begins to appear attractive.
Economic Uncertainty Helps Strengthen Gold Trading
When investors, both individual and professional, are concerned about the future of financial stocks or the value of the United States dollar, gold provides a safe alternative. As a precious metal, gold tends to be more immune to times of economic hardship than stocks, bonds or currencies. Gold has been valued by cultures for millennia. Its aesthetic and conductive properties make it a solid investment, in both physical form and on the futures market. When people begin to feel nervous about financial markets, precious metals are often a first choice for a safer investment.
Many investors look at gold as an ideal way to diversify and reduce the risk of losses to portfolios. When investors turn to gold to offset other risks, those who regularly invest in gold futures can profit.
It’s a Great Time to Invest in Gold Online
With the price dropping and then recovering within weeks, there is ample opportunity for investors to make substantial profits on short-term trading. Overall trends, including increased concern about economic uncertainty and standard investments, have helped to keep gold prices high and relatively stable. Within each day of trading, there are dozens of opportunities for those who understand the movements of the market.
How to Trade Gold?
Take advantage of the daily changes in the price of gold. Start trading gold today by opening a trading account with easyMarkets and get up to $2000 bonus*. As an industry first, they have also launched a unique deal cancellation tool as a way to manage your risk on any bad trades. By selecting dealCancellation on the trading platform whenever you make a trade, you can cancel your losing trade within 60 minutes and get your money back. *Terms and Conditions Apply
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