
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.