Shinzo Abe announces his resignation
Japanese Prime Minister Shinzo Abe announced his resignation on health grounds. According to news from Kyodo News, in order to show responsibility, Abe will wait until the new president is elected before the formal transfer. However, past party president elections may take at least two weeks. Therefore, in order to stabilize the political situation for a short period of time, the Liberal Democratic Party may adopt an emergency voting bill, with 396 members of Congress plus 141 representatives from each prefecture and county of the original Liberal Democratic Party, and a total of 537 people vote, so that voting can be completed within a few days at the earliest. .
Global factors cause gold to rise
The rise in gold was mainly due to the market’s expectations that the Fed will maintain easing for a longer period of time. Considering that the Fed maintains longer-term easing, this is not good for the dollar and therefore supports gold prices. At the same time, from a global perspective, the negative interest rate expectations of the Reserve Bank of New Zealand and the Bank of England both support gold prices.
—————————————————————
Z. com Bullion is an affiliate of GMO Financial Holdings, Inc., a Japanese listed group. The risk of loss in leveraged foreign exchange trading & margin trading can be substantial. Visit the company website to read full risk warning. https://bullion.z.com/en/about/legal/risk/
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.