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Israeli airstrikes on Iran sparked market trends! After a short-term surge in gold prices, how to trade gold?
On Tuesday's early Asian session, gold and crude oil markets suddenly experienced fluctuations. There were rumors of an Israeli airstrike on Iran, causing spot gold to briefly approach $2650 per ounce, while WTI crude oil also rose rapidly by 1%. However, upon verification, as of now, there is no confirmation of this from mainstream media or reliable sources. A few minutes later, the increase in gold price was wiped out, and the price fell back to around $2643 per ounce.
"Strong non-farm" data dispelled expectations of a significant rate cut by the Federal Reserve, causing the gold price to retreat from its record top reversal.
With the US employment data stronger than expected, traders lowered their expectations of a rate cut by the Federal Reserve, causing the gold price to fall.
GLD ETF Falls 0.3%
SPDR Gold ETF Options Spot-On: On October 7th, 153.28K Contracts Were Traded, With 2.9 Million Open Interest
On October 7th ET, $SPDR Gold ETF(GLD.US)$ had active options trading, with a total trading volume of 153.28K options for the day, of which put options accounted for 54.91% of the total transactions,
Gold Moves Lower Again as Hopes for Another Big Cut to U.S. Interest Rates Sputter
Exchange-Traded Funds, Equity Futures Lower Pre-Bell Monday Ahead of Q3 Earnings Season