Investors’ Risk Aversion is Heating Up, Consolidating Gold Prices
The global stock market is at a high level, setting new highs frequently, triggering bubble sentiment, investors have flocked to gold to hedge, and huge buying orders have also promoted the upward trend of gold. The Bank of Canada announced that it will reduce the size of its asset purchase program from 4 billion Canadian dollars a week to 3 billion Canadian dollars, becoming the first developed country central bank to reduce stimulus. However, as geo-risks intensify, its impact on gold has weakened, and the European Central Bank’s interest rate decision has become the focus of the market outlook. Wait and see whether it will be on hold as expected. As of 08:22 Hong Kong time, the price of gold fell slightly by 0.03% to 1,793.10 US dollars. The U.S. 10-year Treasury bond yield fell by 0.65% to 1.5538.
Canada Keeps Interest Rates Unchanged at 0.25%
After the interest rate meeting, the Bank of Canada announced to maintain interest rates unchanged at 0.25%, in line with market expectations. But at the same time, the current plan to buy government bonds of 4 billion Canadian dollars per week will be reduced to 3 billion Canadian dollars from next Monday (26th). The central bank statement stated that as households and businesses have begun to adapt and the new round of epidemic restrictions are expected, economic growth in the first quarter is expected to be significantly stronger than previously expected.
場外式黃金/白銀交易的風險:
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.
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.