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Gold

Gold reversed its earlier losses on Wednesday trading as the release of better than estimated U.S. data has caused improvement in the sentiment, thereby enhancing demand on shares and commodities. The shiny metal got support after the U. S. data to rebound from the day`s low of $1526.89 an ounce to record a high of $1550.22. The U.S reports showed that housing starts advanced 2.6% in April from a revised of -2.6%,while industrial production rose 1.1% from a revised

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Global economic and political events have a large impact on currency rates. Take a look at the Forex market today and see how prices fluctuate. If you buy low and sell high, you make profits. If the market moves against you, then you incur losses. Unlike with the stock market, when one Currency is going vdown; there is always a currency that is going up, which makes Forex attractive
 
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