Gold Futures Leverage Hits 200x, Expert Shares How to Earn 20%
When holding gold futures, investor Shi Wenshin refers to U.S. non-farm payroll data; if a significant decline is observed, he becomes bullish on gold.
At the beginning of 2020, the spot price of gold was about $1517 per ounce, but due to the pandemic boosting the demand for safe-haven assets, gold prices surged to a record high of $2075 per ounce by early August, surpassing the previous high from 2011. During this period, Shi Wenshin achieved a 40% return on his gold futures investments, but he also emphasized the importance of caution, as leveraging overseas gold futures can be as high as 200 times, requiring strict adherence to stop-loss and take-profit rules.
