Property prices in the UK and the US have risen sharply
According to the latest figures from the British mortgage company Halifax, the average house price in the UK in September rose 5.2% and 7.3% month-on-year respectively. In fact, the sharp rise in property prices is not only happening in the United Kingdom, but also in the United States. At the end of last month, the United States announced that the average second-hand property price in August increased by 11.4% year-on-years. Affected by the epidemic, the economies of the United Kingdom and the United States have experienced serious recessions, and unemployment rates have risen sharply. However, property prices in both places have performed well. Obviously, this is related to the large-scale printing of money by global central banks after the epidemic, which drove funds to pursue properties for value preservation.
The U.S. Federal Reserve decides to adopt a new average inflation target framework
The U.S. Federal Reserve released the record of last month’s interest rate discussions, showing that most of the decision-making committees agreed to adopt the new average inflation target framework. And if the future fiscal stimulus is significantly lower than expected, or is launched later, the pace of economic recovery may be slower than expected. However, some members are concerned that the highly accommodative financial market environment may exacerbate financial imbalances. Therefore, it is necessary to further evaluate and communicate how asset purchases can better support the realization of the goals. In addition, the bureau pointed out that if the new coronavirus-type epidemic worsens, it will pose a risk to the prospects for economic recovery. The minutes of the meeting suggest that the bureau may discuss adjustments or expansion of quantitative easing policies in the short term.
—————————————————————
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.