The U.S dollar index keeps falling
On Tuesday (August 18), the US dollar index continued its downward trend, hitting a weekly low of 92.63. The U.S. dollar was under selling pressure due to factors such as the fall in U.S. bond yields, weak U.S. economic data and cooling demand for safe-haven. Spot gold continued its gains in intraday trading and is currently approaching the 2000 mark. As real interest rates remain below zero, governments of various countries have adopted easing measures to reduce the economic losses caused by the epidemic, and major institutions generally believe that gold is expected to rise further.
The U.S dollar continues to weaken, helping gold push
The price of gold rose by more than 2% on Monday, as a weaker U.S. dollar, a fall in U.S. Treasury yields, and Buffett’s Berkshire Hathaway’s purchase of shares in major gold mining companies boosted investor sentiment and pushed gold to $1990. Mark, and further approached the $2,000 mark on Tuesday. At the same time, the New York Federal Reserve Manufacturing Index plummeted to 3.7, and the mortgage delinquency rate recorded the largest quarterly increase. More than 12 states are expected to take the Trump administration to court as soon as this week.
—————————————————————
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/
場外式黃金/白銀交易由 Max Online 提供。場外式黃金/白銀交易涉及高度風險,未必適合所有投資者。高度的槓桿可為閣下帶來負面或正面的影響。場外式黃金/白銀並非受證券及期貨事務監察委員會(「證監會」)監管,因此買賣場外式黃金/白銀將不會受到證監會所頒布的規則或規例所約束,包括(但不限於)客戶款項規則。閣下在決定買賣場外式黃金/白銀之前應審慎考慮自己的投資目標、交易經驗以及風險接受程度。可能出現的情況包括蒙受部分或全部初始投資額的損失,或在極端情況下(例如相關市場跳空)產生更多的損失。因此,閣下不應將無法承受損失的資金用於投資。投資應知悉買賣場外式黃金/白銀有關的一切風險,如有需要,請向獨立財務顧問尋求意見。