Gold price outlook

Gold prices are subdued around $1946 an ounce on Thursday, however the market could experience increased volatility over coming hours and days as the U.S. Federal Reserve delivers a major policy update.

August 27,2020

- Protect your budget against adverse FX movements
- Secure your ideal rate automatically
- Book today's rate for use in coming months

Adverse FX moves

Foreign exchange market fluctuations can knock significant amounts off your international purchasing power, but at the same time a beneficial move can deliver significant windfalls.

Our partners at Horizon Currency are ready to discuss your needs and help you beat the market with the following options:

Secure Today’s Exchange Rate

Lock the current exchange rate in place for up to two years. This is a smart choice if you need to know exactly how much your currency will cost for a future big-ticket payment, or if you want to protect your money from adverse market shifts.

Target an Ideal Exchange Rate

Use a Limit Order whereby you target a better exchange rate you’d like to transfer at. When the market fluctuates in your favour and reaches your ideal exchange rate, Horizon Currency will automatically carry out the exchange. 

Horizon Currency can establish a Stop-Loss Order which sees you automatically secure the lowest possible rate if it is clear the market is moving against you. This is the level you simply cannot afford to go beyond and it therefore saves you from further losses and potentially having to abandon your transaction.

Fill in the form below and a member of the team will reach out to discuss.

 











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FX capabilities and structured products overseen by an expert trader who is dedicated to your business, delivering a provable advantage.

As lockdowns ease and visibility begins to return, a return to ‘normal’ for businesses is unlikely. It’s vital businesses recognise the changing landscape and take the time to consider whether former FX strategies are still appropriate.

Business FX

As such, now might be a good time to have an FX review to discuss strategies moving forward.

When a business' requirements change, it can be difficult to understand how to adjust a FX hedging policy to adapt to the new circumstances.

Rate movements can cause potential cash flow impacts for existing hedges, which can add an additional unwelcome dimension to the decision-making process.

Working with a currency specialist can help to minimise negative FX impacts.

By understanding a business' cash flow constraints and desired objectives, Global Reach can help formulate custom solutions and strategies.

Global Reach has a range of products clients can utilise, such as Spot, Forward, Market Orders, and Options, to maximise gains and minimise losses.


Get in Touch

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Gold prices

The gold price is quoted 0.90% lower at $1714 on Monday, with analyst and technical forecaster Richard Perry saying the range trade remains firmly in control of the precious metal.

June 15,2020

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