Gold price breakthrough again
Federal Reserve Chairman Powell said in an interview with CBS that the unemployment rate in the United States may be as high as 25%, and the economy may contract by 20% to 30% in the second quarter. Businesses and families may need 3 to 6 More financial assistance in April to avoid bankruptcy. It also pointed out that the Federal Reserve and Congress may need to respond more to the economic impact of the epidemic. The Bureau can increase the scale of asset purchases as needed, but reiterates that negative interest rates are not suitable for the United States. The remarks suggest that the Bureau may need to increase a large number of QE policies in the short term. In addition, Sino-US relations have become tight recently, and related uncertainties once stimulated gold prices to make breakthroughs.
Thailand’s tourism industry shrinks for two consecutive seasons
The epidemic severely affected Thailand’s tourism industry, causing its economy to contract by 2.2% quarter-to-quarter in the first quarter, its worst performance since 2011. As for the local economy in the fourth quarter of last year, the original quarterly increase of 0.2% was revised to a contraction of 0.2%. The two-season contraction also means that Thailand ’s economy has officially entered a recession. It must be understood that in Thailand, the tourism industry accounts for 12% of the local economy, a considerable proportion. The local tourism industry hopes that by the third quarter of this year, tourists will have the opportunity to return to Thailand to inject momentum into the local economy.
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。