CFDs and Spread bets 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 and Spread bets with this provider. You should consider whether you understand how CFDs and Spread bets work and whether you can afford to take the high risk of losing your money.

Gold - Long Pre Inflation Data

Oct 22, 2021

Edit Page

Gold - Long Pre Inflation Data by KQMarkets on


We see Gold continuing to move higher whilst it remains above support at $1773. Gold has sustained it's upward momentum on the back of fears surrounding rising inflation and also a weakening US dollar .

The precious metal is perceived as an effective hedge against rising inflation as it is seen as a store of value.

We await key economic data releases including the Q3 US GDP growth rate on Thursday and the PCE Price Index YoY on Friday for any significant price action.

All the content is provided for general information only and trade signals should not be construed as any form of regulated advice. It does not take into consideration your personal circumstances, including your investment objectives, risk profile, tax status, knowledge and understanding or financial situation. Past performance is no guarantee of future results.