Oil prices keep hovering at $40
Due to the outbreak of the epidemic, many cities around the world have been closed and normal economic activities have been greatly affected. The current New York futures oil price has been maintained at around US$40, largely due to the substantial reduction of 7.7 million barrels of oil per day by the Duode Oil Group. But once Biden comes to power, the oil group will have to make greater efforts to support oil prices. It must be understood that after Trump took office, he imposed economic sanctions on Iran and Venezuela, two major oil exporters. The global lack of huge oil exports from these two countries can be regarded as a positive factor for oil prices. However, if Bibi takes power to change the policies of the two countries, such as allowing the two countries to re-export oil, so that the oil group will support oil prices, it will have to make greater efforts. Of course, it will take some time for Bi to be on stage to change his belief in Iran and Venezuela.
Due to the epidemic, Goldman Sachs lowered its economic growth expectations for the United States and Europe
Goldman Sachs lowered its economic growth expectations for the United States and Europe, citing concerns that the epidemic will accelerate its spread during the winter. The Goldman Sachs analyst team lowered the US economic growth forecast for the first quarter of 2021 from 7% to 3.5%, and sharply lowered the European economic growth forecast for the fourth quarter from 9.1% to a contraction of 8.7%. They also warned that if the epidemic continues to worsen, economic risks in the United States and Europe tend to decline.
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。