Don’t miss the opportunity to make a profit, check the gold trend now>>
Although the unexpected resignation of British Prime Minister Tesla, coupled with the eighth consecutive monthly decline in September Existing Home Sales of United States, and the intensifying situation in Russia and Ukraine, all provided support for gold prices. However, Fed officials said that if inflation does not peak, the Fed will continue to raise interest rates. Even the interest rates may be well above 4% by the end of the year. Besides that, U.S. bond yields hit a new high, the U.S. dollar keep strengthen, put pressure on gold prices. Therefore, it is expected that the price of gold will continue its volatile downward trend in the short term.
The trend of gold can be paid attention to…
-Latest news on the Russian-Ukrainian war
– European Leaders Summit
– Speeches by US President Biden and Federal Reserve officials
– British political news
Which will affect the trend of gold, and investors must seize the opportunity to place orders.
Daily Focus allows you to understand the gold market, increase profit opportunities, and seize the opportunity immediately.
How to trade XAUUSD on HXFX?
1. First, click here to register an HXFX account for free.
2. Next, download the APP and log in to complete the real-name authentication.
3. Contact customer service to receive your exclusive free trial bonus.
4. Click “Quote”, select “XAUUSD” and click “Trade”. After the quotation page is displayed, you can click “Sell” or “Buy” to trade the product according to the trends.
5 Advantages of Foreign Exchange Trading
1. Leverage system
Investing a small amount of money will bring greater benefits, but may also bring greater risk of loss.
2. Low transaction costs
There are basically no handling fees, government taxes, etc.
3. Two-way transaction
Whether you are buying first and then selling in a bullish trend, or selling first and then buying in a bearish trend, you can get profit.
4. 24 hours trading
It is available in 24 Hours, investors can trade according to their own time.
5. High liquidity
In the foreign exchange market, investors could exchange foreign currency at any time, even complete their transactions in a short time.
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Disclaimer: Information above can only be use for references and doesn’t represent our platform’s opinions.
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