Market News

Gold welcomes market turmoil, will non-farm make a new high?

Yesterday, gold price continued to rise due to market concerns about the continuous spread of the new crown virus, causing funds to seek for safe-haven assets. On the other hand, the US dollar index fell sharply yesterday, reached a low level at 96.5, a new low this week, while US 10-year Treasury bonds and 30-year Treasury bonds both fell below 1% and below 1.5%, both hitting the historical low, which keep being a strong support to the gold price.

Gold “Bulls” wait for a break of $1600

The price of gold rose modestly in European trading on Tuesday, but it seems difficult to break $1600 level, a key resistance. Some of the investors believe that it may still be blocked.

Risk appetite may weigh on euro

Central banks everywhere have hinted that the economy will be supported by actions. Investors look forward to the coming of the “policy” market…..