On December 20, the U.S. Congress reached an agreement on a US$900 billion epidemic assistance program. The text of the bill is still being written, but the House of Representatives is expected to vote on Monday, followed by a vote in the Senate. This relief plan will include extended unemployment benefits, direct cash distribution to most Americans, and funds for school and vaccine distribution. In addition, Senate Minority Leader Schumer emphasized that the Democrats will promote more relief measures in the new year. The move boosted financial market confidence and boosted the rise of gold.
Today, the Asian morning market opened at a high level after the opening of 1883, and three consecutive positive lines pulled the price to 1895.56. Although the 1900 integer has not yet been triggered, a breakthrough can be achieved this trading day. The first trading day of this week opened higher and moved higher thanks to the stimulus and boost from fundamental information. It is necessary to pay attention to the short-term correction after the fundamental momentum has been digested.
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.