Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.
Spot gold flushed to $4,099.89, a whisker above October's $4,090 low, then rebounded to close at $4,138.25 (+0.82%) — even as US CPI ran hot. Bank of America sees gold below $4,000 within three months, citing shrinking demand and official-sector selling. Here are the levels, the drivers and what would flip the script.
September CPI landed hot: headline 3.7% y/y, core 2.6% y/y and 0.3% m/m. October hike odds jumped from ~22% to ~37% — yet the dollar faded to 101.74, gold closed higher and the S&P 500 fell 1.11%. Here is the full repricing, the levels and what to watch next.
On October 14, Eastern Time, U.S. September CPI data came in higher than market expectations, fueling expectations of a Fed rate hike in October and dampening mar
Mitrade's blog section covers a wide range of topics related to CFD trading, Forex, Shares, Commodities, Indices and Cryptocurrencies. It aims to provide useful information such as trading knowledge and market analysis to traders of all levels.
Learn CFD tradings with Mitrade. Mitrade's Education section offers CFD trading courses for traders looking to improve their trading skills. Courses cover topics from basic to advanced. Choose a course and get started.