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66% of retail investor accounts lose money when trading CFDs with this provider.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
70.91% of retail investor accounts lose money when trading CFDs with this provider.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70.91% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing all your money. Read full risk warning.
US Session Analysis for CFD Instruments 29/07/2021
Fundamental analysis
29 July, 2021
Gold gained for a third straight session on Thursday after U.S. Federal Reserve Chairman Jerome Powell struck a dovish tone, indicating much remains to be done before policy tightening begins, and as a softer dollar added support to the metal. Powell said the U.S. job market still had “some ground to cover” before it would be time to pull back support and that it was some time away from considering interest rate hikes. Lower interest rates reduce the opportunity cost of holding non-yielding bullion. Investors will now turn their attention to the U.S. weekly jobless claims data due at 1330 GMT+1. Powell’s remarks sent the U.S. dollar index to a more than two-week low. A weaker greenback makes gold cheaper for holders of other currencies.
