The reason for the significant $27 increase in gold price on Friday! How to trade gold next week? Analyst's technical analysis of gold price.
#Gold Technical Analysis# 24K99 News On Friday (October 11), due to the prospect of a rate cut next month in the usa driven by the PPI data, as well as the boost in gold prices from the safe-haven demand brought about by the tense geopolitical situation in the Middle East, spot gold prices rose sharply by 1% at close.
GLD ETF Gains 1.1%
SPDR Gold ETF Options Spot-On: On October 11th, 207.4K Contracts Were Traded, With 2.91 Million Open Interest
On October 11th ET, $SPDR Gold ETF(GLD.US)$ had active options trading, with a total trading volume of 207.4K options for the day, of which put options accounted for 35.21% of the total transactions,
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