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Forex

Gold Price Rally Faces Reversal Test Ahead of Key Inflation Data

Guavy AI Editorial Team
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USD
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The gold price has been rising against the US dollar (XAU/USD), but it may be due for a reversal according to FOREX.com. The CFD provider notes that a significant portion of retail investors lose money when trading these instruments.

CFDs are complex and come with high risks, especially due to leverage, which can lead to rapid losses. A warning from FOREX.com cautions that 77% of retail investor accounts lose money when trading CFDs with their provider.

The company also reminds investors to consider whether they fully understand how these instruments work before investing. According to FOREX.com, the gold price rally is facing a test ahead of the upcoming Consumer Price Index (CPI) release.

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