Gold, Silver and Nasdaq Rebound as Easing Middle East Tensions Lift Markets
Gold rose by more than 1% on Monday (27 July) morning, moving above US$4,100 after a pause in hostilities between the US and Iran helped ease concerns over oil-supply disruptions and inflationary pressures.
As at 10am Singapore time, the $SPDR Gold ETF(GLD)$ was approximately 1.4% higher.
Against this backdrop, the $GLD US 5xLongSG280609(GLDW.SI)$ gained more than 7%, while the $GLD US 5xShortSG280609(GOSW.SI)$ declined by a similar magnitude.
Silver also advanced, with the $iShares Silver Trust(SLV)$ rising approximately 2.6%, lifting the SLV 3x Long DLC up by about 8%, while the SLV 3x Short DLC fell by a similar magnitude.
The easing of geopolitical tensions also supported equity markets. $NASDAQ 100(NDX)$ futures rose approximately 1.1%, rebounding from the broader market sell-off in the previous week.
Correspondingly, the Nasdaq 7x Long DLC gained nearly 8%, while the Nasdaq 7x Short DLC declined by a similar magnitude.
Investors anticipating a continued market rebound may consider Long DLCs for leveraged exposure to selected US, Hong Kong and Singapore single stocks, indices and commodities.
Conversely, investors expecting a potential pullback may consider Short DLCs to express a tactical view on a decline in the relevant underlying asset.
View the full list of DLCs on dlc.socgen.com.
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