After the interest rate meeting on Tuesday (1st), the Reserve Bank of Australia maintained all monetary policies unchanged as expected and the interest rate remained at 0.1%. In its statement, the Reserve Bank of Australia reiterated that inflation will return to the 2%-3% range set by the bank (its first quarter annual inflation rate was 1.1%), and that it will see a significant increase in wages as an indicator of its monetary policy tightening. In addition, the Reserve Bank of Australia also mentioned that the recent outbreak in Victoria has also added to the uncertainty of the country’s economic prospects.
In this week, the U.S. dollar index fell slightly and is now at around 89.88; the yellow price rebounded rapidly in the short term, and the gold price just returned to the position of $1,900 per ounce. In the early days of the Asian market on Wednesday, there was a “crazy scene” in the foreign exchange market. Turkish President Erdogan called for a rate cut to ease inflation. He also proposed a clear time for the rate cut. The Turkish lira plunged against the US dollar after Erdogan’s speech, and the short-term decline was close to 3,000 points. Due to strong US manufacturing data and higher US Treasury yields, the attractiveness of gold was weakened. The price of gold fell on Tuesday, with the lowest price of gold hitting $1,892.26 per ounce. However, during the Asian market on Wednesday, as the US dollar fell, spot gold immediately rebounded. The price of gold just broke the US$1,900 per ounce mark and currently hits the highest level of US$1,902.32 per ounce.
场外式黄金/白银交易由 Max Online 提供。 场外式黄金/白银交易涉及高度风险，未必适合所有投资者。 高度的杠杆可为阁下带来负面或正面的影响。 场外式黄金/白银并非受证券及期货事务监察委员会（「证监会」）监管，因此买卖场外式黄金/白银将不会受到证监会所颁布的规则或规例所约束，包括（但不限于）客户 款项规则。 阁下在决定买卖场外式黄金/白银之前应审慎考虑自己的投资目标、交易经验以及风险接受程度。 可能出现的情况包括蒙受部分或全部初始投资额的损失，或在极端情况下（例如相关市场跳空）产生更多的损失。 因此，阁下不应将无法承受损失的资金用于投资。 投资应知悉买卖场外式黄金/白银有关的一切风险，如有需要，请向独立财务顾问寻求意见。
