Gold Holds Gains Despite Stocks Surge

Gold futures were flat Tuesday morning as U.S. stocks were set to extend record highs.

The DJIA was on the verge of 26,000 for the first time, but gold has also risen lately despite a lack of risk aversion.

Gold was up $2 at $1336.20, the highest in four months.

The Empire State Manufacturing Survey for January will be published at 8.30 am ET. The consensus is for 18.6, slightly up from 18.0 in December.

On Wednsday, the Federal Reserve releases its Beige Book. Traders will be looking for clues about whether the Fed plans to raise interest rates in the coming months.

The material has been provided by InstaForex Company – www.instaforex.com

Source:: Gold Holds Gains Despite Stocks Surge

Won't your trader friends like this?
InstaForex
About the Author
InstaForex brand was created in 2007 and at the moment it’s a top choice of more than 2,000,000 traders. More than 1,000 clients open accounts with InstaForex every day. All InstaForex clients get great opportunities for effective trading on the forex market, as well as on-time technical and customer support

Leave a Reply

*