xysoom: Gold price analysis - will it break the level of 2000?

Gold price analysis - will it break the level of 2000?

27 Aug 2020 at 23:43

Gold prices have risen from $1,801.30 to $1,940 per ounce in the past two weeks. As of July 28th, gold prices had fallen back to $1,929 per ounce. But it rebounded quickly on the 29th. Overall, gold price is still in a good upward trend, and has certain correction pressure after a continuous rise, which may lead to a falling gold.To get more news about WikiFX, you can visit wikifx official website.


  At the beginning of 2020, the trend of gold price had ups and downs mainly due to the unstable international political situation, public health emergency and oil war. In addition, a series of international factors, including the unresolved North Korea issue, uncertainty of the US-China trade negotiation, Brexit issues, Iranian Major General Sulejmani assassination, the COVID-19 pandemic, etc. cause continuous panic sentiment in market, which further boost the gold market.
Gold prices showed a rising trend apparently, when the pandemic totally broke out in the world this March. From a whole view, it has been increasing steadily even though there are some slight falls. The price started to mount from $1,638 in mid-March to $1,725 per ounce in mid-April. Till the mid-June, it had reached $1,638 per ounce. At the same time, the whole world fought against pandemic which somehow caused economic depression. Many industries were in a slump, and many companies even suffered bankruptcy. That's the main reason why gold prices rise sharply.
  Furthermore, gold prices started to jump up obviously, and then dramatically increased from July 17. The chart in the recent two weeks also showed that gold prices soared from $1,810 to $1,980 per ounce. However, the fall on July 27 triggered mass panic as gold prices declined to $1,953 per ounce. It is normal for gold to fall slightly due to the correction pressure after a continuous increase.
  At 0:00 on July 28, the price of gold hit a record high, up 27%, close to 1981 US dollars per ounce. At the same time, according to official statistics, Bitcoin also reached a record high, up 17%, rising to 10,900 US dollars. There are many reasons for the rise in gold prices, in addition to the failure of effectively controlling the coronavirus pandemic and the severe international political situation. Monday, the Republican Party of the United States launched a new round of $1 trillion rescue plan, further stimulating a surge in gold. And People vigorously purchased gold to maintain the value due to the continuous panic sentiment. According to the comprehensive analysis, the trend whether gold will continue to grow depends on the international environment. It is suggested that investors should be cautious about selling high and buying low. Pay close attention to the market trend and don't follow others blindly.



Share

Add comment

Guests are not allowed to Add blog comments. Please sign in.

Comments

  • 14 Sep 2022 at 09:51
    site promotion will always be a tedious job but you can outsource site promotion on some indian or pakistani guy` เว็บสล็อต
  • 16 Aug 2022 at 05:34
    I have not been around your site for very long. I recollect browsing it a whilst back, but that had been a lengthy time ago so I forgot the scenery lol. I am happy that I am returning to this fantastic write-up! Best of all I love the things you stated in the conclusion! I believe everyone will undoubtedly be very best off just performing them. There all of the successful company need. bvi sailboat charters
  • 15 Jun 2022 at 10:02
    Nice post. I discover something very complicated on various blogs everyday. Most commonly it is stimulating you just read content off their writers and employ something from their website. I’d opt to apply certain while using content on my small weblog whether you do not mind. Natually I’ll provide link in your internet blog. Appreciate your sharing. bulk dog supplies
  • 26 May 2022 at 10:21
    I went over this internet site and I believe you have a lot of great information, bookmarked (:. baked bar vape
  • 24 May 2022 at 07:01
    Have you already setup a fan page on Facebook ?:–”, space software solution
  • 22 May 2022 at 03:38
    I truly appreciated this wonderful blog. Make sure you keep up the good work. All the best !!!! cow leather jacket
  • 15 May 2022 at 05:36
    For that reason times repeatedly pretty much everything, this life definitely is ended up saving a little bit more. The program in fact saves currently the And also carbon actually motivated in to planet during these development activities. dc free mommy blog giveaways family trip home gardening house power wash baby laundry detergent ver.sexys.cam
  • 15 May 2022 at 05:36
    Simply a smiling visitor here to share the love (:, btw great pattern . milf.pornvideos.sexy
  • 15 May 2022 at 05:35
    Wow! This could be one particular of the most helpful blogs We’ve ever arrive across on this subject. Basically Excellent. I’m also an expert in this topic therefore I can understand your effort. microportretten.nl
  • 14 May 2022 at 12:16
    An extremely fascinating go through, I may not concur entirely, however you do make some really legitimate factors. eshisha
Pages: 1 2 3 4 5 6 7

Rate

Your rate: 0
Total: 0 (0 votes)