Gold, Silver Advanced on CPI Data, 5x Long GLD Gained +6.8%
Softer-than-expected U.S. CPI data eased inflation concerns and strengthened expectations for Fed rate cuts, driving precious metals higher.
Gold gained 1.3% and Silver 1.8%, with $SPDR Gold ETF(GLD)$ and $iShares Silver Trust(SLV)$ advancing 1.37% and 1.94%, respectively on Tuesday (14 July).
Amplifying the return, the GLD 5x Long DLC rose 6.8%, while the GLD 5x Short DLC fell a similar magnitude.
Similarly, the SLV 3x Long DLC climbed about 5.8%, with the SLV 3x Short DLC falling a similar magnitude.
Gold remains in focus near the key 4,000 support level, offering tactical opportunities for both bullish and bearish positioning via Long and Short DLCs respectively.
U.S. equities also rallied on softer inflation and solid bank earnings, with the $NASDAQ 100(NDX)$ gaining 1.1% ahead of the earnings season.
Among DLC underlyings, $Netflix(NFLX)$ is the first to report after the U.S. market close on 17 July, marking the start of a closely watched earnings cycle.
The U.S. Stock DLC shelf enables investors to position ahead of earnings announcements or react swiftly to post-results price movements.
Investors expecting earnings strength may consider Long DLCs, while those anticipating downside surprises may look to Short DLCs for leveraged inverse exposure.
See the full list of DLCs on dlc.socgen.com.
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