The US opened the economy, the world gold price dropped by over 3% in the past week
– Investors seem to be turning away from safe-haven assets like gold in the face of optimism about the COVID-19-capable drug and the way to gradually reopen the US economy.
– Investors seem to be turning away from safe-haven assets like gold in the face of optimism about the COVID-19-capable drug and the way to gradually reopen the US economy.
– US President Donald Trump recently outlined a plan to loosen blockade measures in a three-phase process, but the above plan is not an order but a series of recommendations, and resolving enforcement decisions largely depend on state governors.
– In addition, optimistic psychology in the market was also boosted after information showing encouraging data from the trial of drug treatment COVID-19 by US pharmaceutical company Gilead Sciences Inc.
– Although the demand for investment in risky assets is on the rise, gold will still be supported by a series of monetary and fiscal stimulus programs that will be launched in the near future to minimize risks. The long-term damage that the COVID-19 epidemic caused to the economy.
Chart Overview-
No comments:
Post a Comment