Gold is trading at its highest levels in weeks, adding 1.3% to $2,380 an ounce. It is only 2.3% away from historical daily highs. The rise in gold prices is driven by the public release of weak data from the US, which showed further deterioration in the labor market. Jobless claims rose above 230,000, the weakest figure since April’s NFP release. With this in mind, annual interest rates are rising. It wasn’t that long ago that the market expected a 1.2-percent increase, and at this point, it is expecting a full 2-percent increase by the end of this year. US 10letch bond yields fell below 4.5%.
Source: xStation5
Source: Bloomberg Finance LP, XTB
X-Trade Brokers
X-Trade Brokers (XTB) is an international brokerage house that provides professional conditions for trading CFDs on forex, indices, commodities, cryptocurrencies and for investing in shares and ETFs. He is constantly improving his services, which is evidenced by a number of international awards, and this is also confirmed by the domestic award of Broker of the Year and Forex Broker of the Year, which was repeated at the MoneyExpo Investment Summit. For its clients, XTB offers professional trading platforms MetaTrader 4 and xStation 5 with an integrated calculator, free extension, 24-hour customer support, free extension and daily news from the financial markets.
The distribution of contracts are complex instruments and due to the use of financial leverage, they are associated with a high risk of rapid financial loss. In the case of 72% of the retail investors, the trading with installment contracts with this provider resulted in a loss. You should make sure you understand how the installment contract works and whether you can afford the high risk of losing your funds.
