European Epidemic Drives Gold Prices Back
into Support
As of 08:32 Hong Kong time before, the
price of gold had not risen and remained at around US$1,733.30. The U.S.
10-year Treasury bond yield rose by 0.33% to 1.665. Gold price maintains
sideways, and is currently hovering around US$1,730 as it was last weekend. As
gold investors continued to buy on dips and sell on rallies, the price of gold
continued to consolidate sideways throughout the week last week, and even went
down. US dollar and U.S. bond yields have not fallen sharply, thus putting
pressure on gold. However, COVID cases number has increased and the epidemic in
Europe has not been alleviated. Germany has also announced that the blockade
measures that originally expired on March 28 will be extended to April 18. In
addition, the Fed’s easing policy is supporting the price of safe-haven gold.
The current trend of the gold price is not clear, so it indicates that
investors are hesitant and there is a high chance of greater volatility.
This Thursday, the oil group and Russia
will meet to discuss changes in oil prices and their details
The oil group and Russia will meet this
Thursday (April 1) to discuss the latest changes in oil prices and review their
production cuts. The market generally believes that the oil group will maintain
a daily reduction of approximately 7 million barrels of oil at this stage.
According to sources in the United Arab Emirates, the oil group will not
increase production at this stage because it is worried that the market will
not be able to bear it, and it is also worried that Iran will have the
opportunity to increase its oil output.
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。
