According to the situation, the Scottish National Party is expected to win. The main question is how many seats it will win. Because in this election, the Scottish National Party is playing the righteous flag to leave the UK. If the victory is far more than half, beware that Scotland will hold a referendum on Brexit ahead of schedule and cause the pound exchange rate to fall sharply. In addition, if the National Party fails to win by a large number, once the market’s worries about Scotland’s withdrawal from the UK are eliminated, the pound exchange rate will have a chance to rise sharply.
The world is once again worried about the new crown epidemic, once again threatening and challenging the prospects for economic recovery. After the largest monthly increase in the price of gold in 2021, the price of gold is currently in a posture of slow decline and pressure. Dallas Federal Reserve Chairman Robert Kaplan raised concerns about financial market imbalances and called on the Fed to reduce its support for the economy and discuss quantitative easing adjustments as soon as possible. Due to US President Biden’s tax hikes, the infrastructure plan lacks acceptance, making gold unable to reverse the situation for a long time. As of 08:51 Hong Kong time, the price of gold fell slightly by 0.02% to US$1,768.80.
Service relating to Over-the-counter (OTC) Gold Bullion/Silver trading is provided by MOL. OTC Gold/Silver Bullion trading carries a high degree of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. OTC Gold/Silver Bullion is not regulated by the Securities and Futures Commission (""SFC"") and therefore trading OTC Gold/Silver Bullion will not be subject to rules or regulations promulgated by the SFC. Before deciding to trade OTC Gold/Silver Bullion you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain losses in excess of your deposited fund or even more in extreme circumstances and therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading OTC Gold/Silver Bullion, and seek advice from an independent financial advisor if you require.
