The increase in the number of initial jobless claims exceeded expectations, and the US dollar rose slightly on Thursday Profit taking limits gold price increase, focuses on non farm employment report
On Thursday, the US dollar index stabilized and rebounded, ultimately closing up 0.15% at 98.29.
The weak economic data in the United States strengthens the bet on interest rate cuts, the US dollar fell and consolidated on Wednesday, and gold prices continued to hit historical highs
On Wednesday, the US dollar index fluctuated above the 98 level, and the US stock market fell sharply after job vacancy data showed weak corporate recruitment
Firmly betting on the Federal Reserve's interest rate cut this month, the US dollar rebounded sharply on Tuesday, and gold prices hit a new historical high, with the price of the sword at $3550
On Tuesday, the US dollar index closed up for the first time in six trading days due to long-term yields putting pressure on non US currencies such as the pound and yen
Boosted by the Federal Reserve's interest rate cut bet, the US dollar fell on Monday and gold prices approached historical highs
On Monday, due to the market's growing bet on the Fed's interest rate cut and concerns about its independence
x

WARNING and please be advised:

It has come to our attention that a number of unauthorised firms /individuals have cloned our website content, logo and social media pages of CWG Markets Limited. Please be advised that these unauthorised firms have also been contacting consumers via various messaging apps such as WhatsApp, Facebook, Wechat.It should be noted that there is no connection whatsoever between the CWG Markets Limited, an authorised firm, and the unauthorised entities/ individuals that have cloned our details. If you’ve been scammed or contacted by an unauthorised firm / individuals – or a firm you suspect is not legitimate – you can report to us [email protected]

CFDs (Contract For Difference) are complex instruments and come with a high risk of losing money rapidly due to leverage. Please ensure you fully understand the risks and take appropriate care to manage your own risk. Please read our Risk Disclosure carefully.