At 15:26 Beijing time, spot gold rose 0.05% to $1776.37/oz, while the dollar index fell 0.30% to 96.872.
The Shanghai Composite Index hit a new high since March 13, 2018 on Monday, and the Hang Seng Index has also reached a new high in nearly four months. Investors are looking to the ups and downs of ultra low cost and fiscal stimulus measures to support the global economic recovery. Can mobile phone 500 lottery tickets be normal, even if the U.S. one-sided state delayed the restart due to the surge of confirmed cases.
With a series of positive economic data picking up people's emotions, the stock market has recovered its lost ground. Michael McCarthy, founder strategist of CMC markets, said: is mobile phone 500 lottery regular? The positive trend of the stock market often puts pressure on gold. \
However, the increase of new crown infection cases is still worrying. Whether the economy can recover quickly or not, low interest rate gold and popular central government stimulus measures tend to support gold prices. So far this year, gold has risen nearly 17%.
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The outbreak of new coronary fever in 39 states in the United States has cast a shadow on the self-reliance Day celebration campaign on July 4. Only four days before July, 15 states in the United States reported record new cases of coronary fever. So far, nearly 2.89 million people have been infected in the United States, and about 130000 people have been killed.
Medical experts are uneasy, and holiday gatherings may lead to further increase of infection cases, which can make hospitals overburdened. CMC's McCarthy also noted that a large number of stimulus measures and other market evidence suggest that people's shift of care to infection rates can help keep gold moving high.
Phillip futures said in a notice: as more and more states in the United States impose another blockade, this will lead to the increase of the Federal Reserve's assets and debts, and the interest rate will remain low. In the reverse, it will provide the gold market with the support of oblivion.
From the childhood chart, spot gold started a correction (IV) wave trend since US $1789, and the bottom agreed to see us $1750, which is the current position of 61.8% of the upward (III) wave started from $1704. If the downward (IV) wave has closed at US $1758, and since then started the up (V) wave, then the gold price is expected to break through the previous high of $1789, and challenge the 123.6% of the (III) wave's current position of $1796. (III) wave, (IV) wave and (V) wave are sub waves of upward ((III)) wave started from US $1671.[25}
(source: Huitong network)
posted on 2020-08-05  admin  阅读量: