简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:Global market mood is also boosted by China's somewhat slower-than-expected inflation statistics and UK authorities working on a reversal of UK Prime Minister Truss' tax-cut proposal.
What Caused the Market's Surprising Intraday Reversal? As previously said, market sentiment / posture was too negative / bearish. As a result, any comeback results in significant short covering/put selling.
And real-world inflation is way worse, probably at least double the intentionally-lowballed CPI. What kind of traders see red-hot inflation data and experience even faster-rising prices in their own lives, then think they should dump gold? Those infuriating, hyper-leveraged, ultra-myopic gold futures speculators! While they have managed to temporarily distort gold prices this year, they will be wiped out as it quickly normalizes.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
The crime branch of the Mumbai Police has nabbed a racket involved in duping people by claiming to convert black paper into dollars. Check this unique 24.7-lakh scam story.
CME International recorded a record surge in its foreign exchange trading volumes during the second quarter. Check out its performance across products and markets.
Want to begin your forex trading journey in India? Here's a guide that will help you open and close trading positions effectively, resulting in enhanced returns and minimized risks.
Want to know why gold prices differ from one place to another in India? It's because of these top reasons. Read this interesting gold story.