Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78% 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. Please click here to read our full Risk Warning.

78% of retail investor accounts lose money when trading CFDs with this provider.

Hawkish statements from Fed leaders put pressure on gold prices
Hawkish statements from Fed leaders put pressure on gold prices

Hawkish statements from Fed leaders put pressure on gold prices

This week has seen many hawkish statements from US Fed representatives.

This week has seen many hawkish statements from US Fed representatives. US Federal Reserve Chairman Jerome Powell supported a further rate hike but at a slower pace and confirmed the Fed's intentions to curb inflation to 2%. Because of the continued rise of bond yields, gold is losing its attractiveness.

XAU/USD

Disclaimer: The information in this article is not intended to be and does not constitute investment advice or any other form of advice or recommendation of any sort offered or endorsed by Libertex. Past performance does not guarantee future results.

Why trade with Libertex?

  • Get access to a free demo account free of charge.
  • Enjoy technical support from an operator 5 days a week, from 9 a.m. to 9 p.m. (Central European Standard Time).
  • Use a multiplier of up to 1:30 (for retail clients).
  • Operate on a platform for any device: Libertex and MetaTrader.
Back
Join Libertex!
Start live trading now
Register
or practice on a demo account

78% of retail investor accounts lose money

Table of contents
Get this report