Afternoon Briefing 12 May 2023: Gold Drops on Economic Woes

DCFX · 12 May 2023 50.8K Views

Asian Markets

Asian stocks trade mixed as US inflation shows more signs of easing.



European Markets

European stocks rose as Richemont hit an all-time high.



US Pre-Open Markets

US stocks tend to be higher this Friday because US inflation response is showing signs of easing.



Commodities

Gold slumps as dollar strengthens, economic worries limit losses.




U.S. Treasury Yield

Treasury yields held steady as investors weighed the outlook for US economic and monetary policy



Major Currency Pairs

The dollar held onto gains as traders bet the Fed will pause.



Disclaimer
Derivative investments involve significant risks and can result in the loss of your invested capital. You are advised to read and study carefully the legality of the company, products and trading rules before deciding to invest your money. Be responsible and accountable in your trading.
TRADING RISKS
Margin transactions use leverage mechanism, carry high risks and not suitable for all investors. THERE IS NO GUARANTEE OF PROFIT on your investment hence be wary any promise of guaranteed profit on trading. You are advised not to use your money if you are not prepared to suffer losses. Before deciding to trade, make sure you understand the risks involved and also consider your experience.

Recommend

Load failed