Gold is constantly hovering near the 1900 mark
Today, spot gold fluctuates in a narrow range near the 1900 mark. Near the US election, there is still no hope for a new round of US stimulus plan. The global economic outlook is not good. Bargain hunting still provides support for the gold price. Institutions and retail investors are generally optimistic about the gold price this week. , But the continued deterioration of the new crown epidemic in Europe has pushed up the dollar’s hedging demand, and still limits the price of gold. We need to pay attention to the performance of global stock markets and be alert to changes in currency holding preferences.
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/