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.
71% 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. 71% 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 31/05/2024
Fundamental analysis
31 May, 2024
Gold prices are trading in today’s European session above 2340 levels.
Gold prices remained stable during European trading on Friday, with traders exercising caution ahead of the crucial U.S. inflation data (PCE Index), which is expected to impact interest rate projections. Metal markets found some relief after the dollar declined from its over two-week high during overnight trading, driven by weak GDP figures. However, this relief was limited by ongoing concerns about persistent inflation and high interest rates ahead of the key inflation data release.
