Friday , May 7 2021

Gold futures jumped close to $ 1,800 RIT9

Today, gold futures jumped close to $ 1,800. With the benefit of a depreciating dollar and a slowdown in U.S. government bond yields.

At 23.00 Thai time, the gold contract on the COMEX market (commodity exchange) will be delivered in June. It recovered from $ 16.20, or 0.91%, to $ 1,794.60 / oz.

A weaker dollar increases the attractiveness of gold. By making gold contracts cheaper for owners of other currencies

Yields on 10-year U.S. Treasury bonds fell below 1.6 percent a day.

Falling U.S. government bond yields will help reduce the cost of gold retention options. Because gold is an asset that has no return in the form of interest.

Investors are also following tomorrow’s meeting of the monetary policy of the European Central Bank (ECB). It is expected that the ECB may change the bond purchase limit. In the midst of a corona virus outbreak

Meanwhile, the markets followed the meeting of the Federal Reserve’s monetary policy on April 27 and 28, after the Fed published the minutes from its daily meeting on March 16 and 17, stating that the Fed will continue to adopt the easing policy. Finances continue as long as the U.S. economy has a lasting recovery.

– Infoquest Translated and edited by Kongkiat Kor Virakiti Tel.25-2535000 E-mail: [email protected]

Source link