Gold continues to strengthen

Open demo account
FOREX trading implies serious risk and can result in the loss of your invested capital

Financial and commodity markets analytics

The Gold price remains well supported today following on from last week’s revelation that Hilary Clinton was once again under investigation.

After jumping on Friday to its highest level in nearly a month on the back of comments from Federal Bureau of Investigation Director James Comey that the agency was checking new evidence connected to its investigation of Democratic presidential nominee Hillary Clinton’s email server.

The news has suddenly given Donald Trump a real chance of winning the white house as investors wait to see what comes of the investigation and the damage done to Clinton’s credibility.

"The FBI headlines startled a somnolent gold market, driving bullion higher on concerns that a late October surprise could suddenly bolster Trump's sagging fortunes," says Tai Wong, metals trading director at Canadian brokerage BMO Capital Markets. 

Mr Wong also thinks that the email scandal is overblown and Hilary Clintons lead over Donald Trump is too large to pull back and once the market realizes, gold may retreat as the election date draws near,

"The rally may not last though, as we are at the two-minute warning and Clinton is ahead by two scores, so it would require a truly shocking revelation to derail her chances." he added.

The material published in on this page is produced by the FIBO group companies, and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC; furthermore it has not been prepared in accordance with legal requirements designed to promote the independence of investment research and is not subject to any prohibition on dealing ahead of the dissemination of investment research.

Fibo Markets

FIBO Markets Ltd. (ex. FIBO Group Holdings Ltd.) is authorized and regulated by the CySEC (licence no. 118/10) and operates in accordance with the Markets in Financial Instruments Directive (MiFID) of the European Union.

Unfortunately, our services are not available to individuals residing in Canada, the United States of America, North Korea, Iran, Iraq, Israel, Australia, Belgium, or Japan.

29 Agias Zonis, 1st Floor, 3027, Limassol, Cyprus

© 1998—2023 FIBO Markets Ltd. (ex. FIBO Group Holdings Ltd.)

IMPORTANT: Please be informed, that our services are available for Professional Clients only. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Please note that our services are provided only to the residents of the following counties (in alphabetical order): Austria, Bulgaria, British Virgin Islands, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Kazakhstan, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Oman, People's Republic of China, Poland, Portugal, Romania, Russia, Slovakia,Slovenia, Spain, Sweden, Ukraine, United Arab Emirates.

Please feel free to contact out Support in order to get further assistance.