Fortrade Canada Ltd. as an order-execution only dealer is not permitted to provide you with any advice or recommendations. These Market Commentaries should not be construed as a recommendation, advice or any attempt by Fortrade Canada Ltd. to prompt or influence you in making an investment decision to purchase, sell, hold or exchange any security or to influence the timing of such activity. This content is produced by Fortrade Limited which is not registered in any capacity with any securities regulatory authority in Canada.
69% 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. 69% 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.
67.52% 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. 67.52% 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 01/11/2023
Fundamental analysis
01 November, 2023
Gold price is trading around 1983 early Wednesday.
Gold started November on a softer note on Wednesday as investors awaited the U.S. Federal Reserve’s policy decision due later in the day, after concerns over the Middle East conflict boosted safe-haven bullion above $2,000 last month.
Near term retracement of prices to $2,000 levels is not ruled out, after the sharp run-up due to geopolitical uncertainty with Israel-Hamas conflict, OCBC Executive Director and FX Strategist Christopher Wong said.