In order to attract other countries, the US President may delay the G7 meeting, U.S. riots and epidemics caused gold to rise to a high of 1741.53
In order to attract other countries, the US President may delay the G7 meeting
US President Trump pointed out that the G7 meeting originally held next month may be postponed to September or later. And he plans to expand G7 and allow more countries to join. These include Australia, Russia, South Korea and India. Trump's move obviously intends to win over the above four countries so as not to join them in the Chinese camp. Australia and India are pro-American, and the market is now focusing on Russia and South Korea.
U.S. riots and epidemics caused gold to rise to a high of 1741.53
A small gap gap opened higher on Monday, continued last Friday's rise, and refreshed more than a week high to $ 1741.53. The death caused by the US police law enforcement triggered a national protest, and the crowd caused by the protest may also lead to a significant increase in the risk of a second outbreak. However, if the recent market fears heat up again, causing the market to continue to sell assets in hand to obtain liquidity, the June gold market may increase volatility, and at the same time last Friday, international trade worries slightly cooled and short-term restrictions on gold gains.
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/
US President Trump pointed out that the G7 meeting originally held next month may be postponed to September or later. And he plans to expand G7 and allow more countries to join. These include Australia, Russia, South Korea and India. Trump's move obviously intends to win over the above four countries so as not to join them in the Chinese camp. Australia and India are pro-American, and the market is now focusing on Russia and South Korea.
U.S. riots and epidemics caused gold to rise to a high of 1741.53
A small gap gap opened higher on Monday, continued last Friday's rise, and refreshed more than a week high to $ 1741.53. The death caused by the US police law enforcement triggered a national protest, and the crowd caused by the protest may also lead to a significant increase in the risk of a second outbreak. However, if the recent market fears heat up again, causing the market to continue to sell assets in hand to obtain liquidity, the June gold market may increase volatility, and at the same time last Friday, international trade worries slightly cooled and short-term restrictions on gold gains.
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/
