Gold prices are not favoured in the short term
Gold prices are not favoured in the short term
During the Asian session on October 29, spot gold rebounded moderately and adjusted the overnight decline; overnight gold ushered in a sharp decline, with a drop of 1.61%, because there is no sign that the United States is about to introduce any fiscal stimulus measures to ease the impact of the new crown epidemic on the economy Investors bought the U.S. dollar one after another, and the U.S. dollar index recorded the largest increase in 11 trading days, dragging down the price of gold. In addition, in the US general election, the U.S. dollar is optimistic due to the rise in Trump's approval rating, and gold is temporarily on the defensive.
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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/
During the Asian session on October 29, spot gold rebounded moderately and adjusted the overnight decline; overnight gold ushered in a sharp decline, with a drop of 1.61%, because there is no sign that the United States is about to introduce any fiscal stimulus measures to ease the impact of the new crown epidemic on the economy Investors bought the U.S. dollar one after another, and the U.S. dollar index recorded the largest increase in 11 trading days, dragging down the price of gold. In addition, in the US general election, the U.S. dollar is optimistic due to the rise in Trump's approval rating, and gold is temporarily on the defensive.
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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/
