Skip to content

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

Gold sets a new record high

Gold set a new all-time high on Monday, partly supported by elevated tensions in the Middle East and Ukraine.

Video poster image

US indices

The session was mixed overnight in the Asia–Pacific (APAC) region, following the lead of US indices on Monday. Hong Kong’s Hang Seng recorded the best performance.

The Caixin China General Manufacturing PMI

A few important statistics were published on Monday. In Japan, the Tankan large manufacturers index fell for the first time in a year to 11 in the first quarter of 2024 from 13 in Q4 2023. In China, the Caixin China General Manufacturing PMI rose to 51.1 in March. It was the fifth straight month of growth in factory activity. And after 16 months of contraction, the US ISM manufacturing PMI increased to 50.3 in March, up from 47.8 in February and beating market expectations of 48.4. Sending the US dollar higher.

JOLTs job openings

The greenback will be tested throughout the week by a series of job-related data in the US. Starting on Tuesday with job openings and labor turnover survey (JOLTs) job openings. Expectations are for 8.84 million job openings, which would be a fifth straight week below the 9 million bar. The ADP employment change will be published on Wednesday at 1.15 p.m. It will be followed by initial jobless claims on Thursday and non-farm payrolls on Friday.

The Reserve Bank of Australia

A couple of weeks ago, the Reserve Bank of Australia decided it was appropriate to leave the cash rate unchanged at 4.35%. But for the first time in many months, the Reserve Bank of Australia (RBA) did not consider raising interest rates at its March meeting, confirming the market's opinion that the tightening cycle is over.

US crude oil

Elsewhere on the commodity market, US crude oil rose above $84 on Monday for the first time since the end of October last year, supported by higher-than-expectedPurchasing Manager's Index (PMI) data in China and the US. Gold set a new all-time high on Monday, partly supported by elevated tensions in the Middle East and Ukraine.

This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.

React to volatility on commodity markets

Trade commodity futures, as well as 27 commodity markets with no fixed expiries.1

  • Wide range of popular and niche metals, energies and softs
  • Spreads from 0.3 pts on Spot Gold, 2 pts on Spot Silver and 2.8 pts on Oil
  • View continuous charting, backdated for up to five years

1In the case of all DFBs, there is a fixed expiry at some point in the future.

See opportunity on a commodity?

Try a risk-free trade in your demo account, and see whether you’re onto something.

  • Log in to your demo
  • Try a risk-free trade
  • See whether your hunch pays off

See opportunity on a commodity?

Don’t miss your chance. Upgrade to a live account to take advantage.

  • Analyse and deal seamlessly on fast, intuitive charts
  • Get spreads from just 0.3 points on Spot Gold
  • See and react to breaking news in-platform

See opportunity on a commodity?

Don’t miss your chance. Log in to take your position.

Live prices on most popular markets

  • Equities
  • Indices
  • Forex
  • Commodities
website terms and agreements. Prices are indicative only. All share prices are delayed by at least 15 minutes.

" >


Prices above are subject to our website terms and agreements. Prices are indicative only. All share prices are delayed by at least 15 minutes.

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.

Plan your trading week

Get the week’s market-moving news sent directly to your inbox every Sunday. The Week Ahead gives you a full calendar of upcoming economic events, as well as commentary from our expert analysts on the key markets to watch.


For more info on how we might use your data, see our privacy notice and access policy and privacy webpage.

You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of spread betting and CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.