Site map
العربية Azərbaycan Български 中文 Čeština English Français ქართული Deutsch Magyar हिन्दी Bahasa Indonesia ایرانی Italiano 日本語 한국어 Lietuvių Bahasa Malay اردو Polski Português Română Русский Srpski Slovenský Español ไทย Türkçe Nederlands Українська Vietnamese বাংলা Ўзбекча O'zbekcha Қазақша

InstaForex Client Area

  • Personal settings
  • Access to all InstaForex services
  • Detailed statistics and reports on trades
  • Full range of financial transactions
  • System of managing several accounts
  • Maximum data protection

InstaForex Partner Area

  • Full information on clients and commissions
  • Graphic statistics on accounts and clicks
  • Webmaster instruments
  • Ready-made web solutions and wide range of banners
  • High data protection level
  • Company's news, RSS feeds, and forex informers
Register account
Affiliate Program
cabinet icon

Another Lamborghini from InstaForex!Maybe it will be you who will take the keys!

Just make a deposit of at least $1,000 to your account!

Get the best trading conditions and attractive bonus offers! We have already given 6 legendary sports cars! But it does not stop there! The next Lamborghini Huracan of the latest generation may be yours!

InstaForex – invest in your victories!

Instant account opening

Get a letter of instructions
toolbar icon

Trading Platform

For mobile devices

For trading via browser

InstaForex Bonuses

InstaForex Bonuses
Make a deposit
Money withdrawal
pay icon

Gold prices gained for the third session in a row on Friday to their highest since September as the weakening dollar attracted investors to purchase the yellow metal. Bullion is poised for its fifth weekly gain.

Spot gold climbed 0.3 percent to $1,326.68 per ounce. Prices increased to their highest since Sept. 15, 2017, at $1,327. The precious metal is 0.5 percent higher for the week so far and the streak of weekly gains is the most since the week ending April 14.

U.S. gold futures rose 0.3 percent to $1,326.90 per ounce.

Spot gold is expected to test a resistance at $1,329 per ounce, with a good chance of breaking above this level and rising more to the next resistance at $1,341, according to Reuters technical analyst Wang Tao.

Among other precious metals, silver climbed 0.7 percent to $17.06 per ounce. Silver is poised for its first weekly loss in five weeks. It is almost one percent lower so far this week.

Platinum increased 0.5 percent to hit its highest since Sept. 12 at $990.20 per ounce. Platinum was on course for its fifth consecutive weekly gain. It has gained 1.7 percent so far this week.

Palladium was 0.4 percent higher at $1,087.95 per ounce, after falling to a more than one-week low at $1,075.50 on Thursday.

Related news

Oil prices declined over one percent as a rebound in U.S. production countered ongoing declines in crude stockpiles.

If Friday's declines continue, this week we will observe its biggest weekly price declines since October.

Brent crude futures stood at $68.46, falling 85 cents or 1.2 percent, from their last settlement. U.S. WTI crude futures traded at $63.02 per barrel, down 93 cents or 1.5 percent from their last close. The U.S. benchmark recorded a December-214 high of $64.89 per barrel on Tuesday.

According to traders, the lower prices triggered by a rebounded in U.S. oil production following a recent decline, as well as by an expected decline in demand when winter ends in the northern hemisphere.

U.S. crude oil production stood at 9.75 per barrel on Jan 12, according to data from EIA. Production has declined to 9.49 million barrels at the beginning of the year, mostly because of a cold snap that halted some production.

Majority of analysts expect U.S. production to surpass 10 million bpd soon. They also noted the excessive long positions in financial oil markets as a likely brake on any upward trend in prices, with majority of traders soon likely to lock in profits from the recent price rally, which have seen crude surge by around 14 percent since December.

The dollar was under pressure on Friday due to worries over a possible U.S. government shutdown.

The dollar index against a basket of six major currencies was flat at 90.502. It had dropped to a three-year low of 90.113 on Thursday and was on track to lose 0.5 percent on the week.

Against the yen, the dollar was 0.1 percent lower at 111.015. It climbed to 111.480 on Thursday before dropping on concerns over a possible U.S. government shutdown as lawmakers struggled to cobble a federal budget deal.

The focus was on whether lawmakers can reach at least a temporary agreement to fund government operations by a deadline on Friday.

The U.S. House of Representatives on Thursday passed a bill to fund government operations through Feb. 16 and avoid agency shutdowns this weekend when existing funding expires. However, the bill must be approved by the Senate, where it faces an uncertain future.

The euro was steady at $1.224 after rising nearly 0.45 percent overnight.

The common currency rose to a three-year high above $1.2300 earlier this week on expectations that the European Central Bank would take steps towards winding back on stimulus measures to normalize monetary policy. The euro's rally was tempered later as some ECB officials voiced worries about the currency's strength.

Gold prices climbed on Friday, bolstered by a softer dollar amid worries about a potential U.S. government shutdown. However, the precious metal was still poised for its first weekly loss in six weeks.

Spot gold increased 0.3 percent to $1,331.10 per ounce. The yellow metal hit its lowest level since Jan. 12 at $1,323.70, having dropped from recent four-month peaks. It has declined 0.5 percent so far this week, its worst since the week-ending Dec. 8.

U.S. gold futures were 0.3 percent higher at $1,331.40.

The U.S. dollar weakened amid worries over a potential U.S. government shutdown. The dollar index was down 0.1 percent at 90.394 on Friday.

Spot gold is still targeting $1,311 per ounce, as suggested by a small double-top and a Fibonacci retracement analysis, according to Reuters technical analyst Wang Tao.

Holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, increased 1.42 percent to 840.76 tonnes on Thursday from Wednesday.

Environmental regulators ordered Barrick Gold Corp to close the Chilean side of its stalled Pascua-Lama mining project on Thursday, but reduced a 2013 fine for violations by more than 25 percent to $11.5 million.

Among other precious metals, silver rose 0.5 percent to $17.01 per ounce. Platinum increased 0.2 percent to $1,002, while palladium dropped 0.5 percent to $1,105.

See also: Current support and resistance levels
Jan 20 at 11:14 UTC

Get $1000 STARTUP Bonus
Start trading without any investments and risks right now!
Enter your e-mail
Get $1000
Accept the terms of the Bonus Agreement
Get $1000 STARTUP Bonus
Start trading without any investments and risks right now!
Your full name
Phone number
Link to your Facebook page

Your request for receiving $1000 bonus is being processed.

Please do not leave the website for 5 minutes to confirm you are not a robot.

When 5 minutes pass, your bonus account will be opened. While you are waiting, you can read useful information on our website.

Please do not leave the website for 5 minutes to confirm you are not a robot and receive the $1000 bonus
We congratulate you on the registration of a trading account!
We are processing your request for the StartUp bonus. The confirmation of crediting the bonus will be sent to your email
Your trading account number (login) in InstaForex:
Trader password:
Start trading.
MT4 for Android
MT4 for IOS
MT4 for Windows
Copy the trades of successful traders using the ForexCopy system:
Copy trades
Get bonus
from InstaForex
on every deposit
Earn up to
for inviting friends to get StartUp Bonus from InstaForex
No investments required!