US Secretary of Energy and Saudi and Russian Ministers of Energy have electricity
US Secretary of Energy Bruyette, after telephone consultations with Saudi and Russian energy ministers, expressed the hope that the two countries will end the battle for market share within this week. In addition, Bruyette also pointed out that the United States encourages Saudi Arabia, the chairman of the G20 this year, to convene a meeting of G20 energy ministers this week to jointly negotiate on the global oil market. The remarks reflect the US’s intention to use the G20 ministerial level to try to resolve the shale oil industry’s debt problems caused by the recent New Crown Outbreak and the plunge in oil prices.
Gold rises due to many uncertainties
The global stock market rose sharply on Monday due to the slowdown in the growth of new cases in several of the most severe areas in the world. However, investors have been prepared to buy gold in response to more uncertainties in the future, so the price of gold has risen sharply. However, countries will still introduce more stimulus measures to support the economy, while money managers have also slightly reduced the net long position of gold. However, analysts pointed out that continued easing measures in various countries may become a fuse that triggers a surge in market inflation in the future, and gold as the best tool to hedge inflation will significantly benefit.
————————————
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.