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The IMF chief economist Gourinchas said the inflation problem faced by worldwide central bank may continue until 2024. The U.S. dollar remains its strength while the Fed officials said they would further promote the tightening policy. Although the geopolitical situation continues to be tense, as well as the intensification of energy crisis in Europe supported gold prices. However, the market is more concerned about whether the minutes of the Fed meeting tomorrow night are hawkish, and the results of the US CPI inflation data, which will have a significant impact on the price of gold.
The trend of gold can be paid attention to…
-Latest news on the Russian-Ukrainian war
-20:30 US PPI (MoM) (September)
-02:00 Minutes of the Fed meeting (September)
-20:30 US CPI (MoM) (YoY) (September)
-20:30 US Unemployment Claims for the week ending 10/8
-20:30 US Retail Sales Index (MoM) (September)
-22:00 Initial value of the Michigan Consumer Sentiment Index (October)
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.
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4. Click “Quote”, select “XAUUSD” and click “Trade”. After the quotation page is displayed, you can click “Sell” or “Buy” to trade the index according to the trends.
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1. Leverage system
Investing a small amount of money will bring greater benefits, but may also bring greater risk of loss.
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There are basically no handling fees, government taxes, etc.
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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.
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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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