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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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Market Recap | 11-Oct-2024

Hello everyone, and welcome to this week’s market recap, U.S. stocks surged on Wednesday, driven by gains in the Consumer Services, Healthcare, and Industrials sectors. By the close of trading, the Dow Jones rose 1.03%, setting a new record high, while the S&P 500 went up 0.71%, and the NASDAQ rose 0.60%.

Gold prices remained steady in Asian trading on Thursday; however, they faced downward pressure from a strengthening dollar. Investors are closely monitoring upcoming inflation data for potential insights into future interest rate movements.

Copper prices also saw gains following China’s announcement of economic stimulus. However, the dollar’s ongoing strength limited those gains. The dollar’s strength has also impacted metal markets, as traders expect the Federal Reserve to slow down interest rate cuts, which pulled gold down from its recent peaks.

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