The price of gold dropped by 1600 USD
Among the Central Banks, the Russian Central Bank has been the most active in the past to de-dollarize and convert reserves into gold step by step. But this Monday (30th), the Russian Central Bank announced that it will suspend the purchase of gold in its domestic market from April 1. The Russian Central Bank did not explain its decision. It only depends on whether the future purchase of gold will depend on the situation in the future. The above news caused the price of gold to fall below $ 1,600.
G20 have video conference again to response the new coronavirus epidemic!
The G20 finance ministers and central bank governors held another video meeting yesterday (31st). After the meeting, countries reached a consensus on the implementation of the road map for the new coronavirus epidemic. These include: 1. Develop (G20) a joint action plan to respond to the outbreak. 2. Solve the debt vulnerability risks of low-income countries during the epidemic, so that these countries can concentrate on responding to the epidemic. 3. Cooperate with relevant international organizations to provide appropriate international financial assistance to emerging markets and developing countries immediately. 4. Cooperate with the Financial Stability Committee to coordinate the regulatory measures adopted by countries in response to the outbreak. In addition, countries also promised to implement the road map before the next G20 meeting on April 15.
————————————
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。