Sino-U.S. politics believe that it will continue to be the biggest element of instability in the future market, Gold once again set a new high since September 2011
Sino-U.S. politics believe that it will continue to be the biggest element of instability in the future market
And the closer the election is, the more it is expected that US President Trump needs to win the support of American citizens by increasing friction against China. This is because according to past practice, whenever the disputes between the United States and other countries become more intense, the more it can unite the support of American citizens for the current government. Obviously, given that Trump has been lagging behind the Democratic candidate Biden in the polls, beware that Trump will continue to play the Chinese card to achieve his general election goals.
Gold once again set a new high since September 2011
On Monday (July 27), the Asian market in early trading, spot gold continued its upward trend, and once again slightly refreshed its high since September 2011, to $1,909.86 per ounce; the weakening of the U.S. dollar and global economic concerns boosted safe-haven demand. The active gold futures COMEX December contract has once again set a record high to 1937.5 US dollars per ounce; investors need to pay attention to the impact of a series of GDP data and the Federal Reserve interest rate decision this week on the price of gold.
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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/
And the closer the election is, the more it is expected that US President Trump needs to win the support of American citizens by increasing friction against China. This is because according to past practice, whenever the disputes between the United States and other countries become more intense, the more it can unite the support of American citizens for the current government. Obviously, given that Trump has been lagging behind the Democratic candidate Biden in the polls, beware that Trump will continue to play the Chinese card to achieve his general election goals.
Gold once again set a new high since September 2011
On Monday (July 27), the Asian market in early trading, spot gold continued its upward trend, and once again slightly refreshed its high since September 2011, to $1,909.86 per ounce; the weakening of the U.S. dollar and global economic concerns boosted safe-haven demand. The active gold futures COMEX December contract has once again set a record high to 1937.5 US dollars per ounce; investors need to pay attention to the impact of a series of GDP data and the Federal Reserve interest rate decision this week on the price of gold.
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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/
