James Bullard, president of the St. Louis area Fed, said earlier this week that it might be considered to link the progress of the vaccination of the American people with when the Fed will reduce the size of its debt purchases. The implication is that once 75% of the people in the United States have been vaccinated, the United States will be effectively immunized. At this time, when the U.S. economy regains confidence, it is time for the Federal Reserve to reduce debt purchases. This remark aroused many market thoughts. It must be understood that the current rate of Americans getting at least one dose of vaccine has reached nearly 40%. With the current rate of vaccination of more than 4 million people per day, it is expected that the vaccination rate will reach 75% in no time.
After the price of gold was under pressure from the dollar’s stabilization at the beginning of this week, the key US inflation data returned to sight, boosting the price of gold to continue to recover from above US$1,745. The U.S. Consumer Price Index (CPI) jumped 0.6% last month, the largest increase since August 2012, and the U.S. Treasury bond yields and the U.S. dollar index continued to fall. The new crown vaccine has once again set off waves. The US Food and Drug Administration (FDA) and the Centers for Disease Control and Prevention (CDC) have requested states to suspend the use of Johnson & Johnson vaccines based on thrombosis concerns, greatly reducing the progress of vaccination in the United States. As of 08:21 Hong Kong time, the price of gold had fallen by 0.01% to US$1,745.60.
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.