HoonSmart.com >> domestic gold this morning down 450 baht as world markets plummet 31% Democrat victory Expect the government to issue debt instruments to stimulate the economy greatly. Support for 10-year US Treasury yields surged more than 1% for the first time since March money entered the stock market. Progressive vaccine YLG recommends that if you can’t stand in the $ 1,966 line, share some profits.
Gold Trade Association Announcement of domestic sales prices Open the market on January 7, 2021, the price is reduced by 450 baht per baht, with gold bars buying 27,100 baht per baht, selling 27,200 baht, and gold jewelry to buy 26,605.80 baht, selling 27,700 baht, spot price at 1,916 dollars per ounce. The baht value is 29.96 baht per dollar.
YLG Bullion International analyzed that gold prices fell 31.30 an ounce yesterday. From the start of the day, the price hit a high of $ 1,958.95, before plummeting nearly $ 60, pressured by a number of factors such as technical selling after yesterday’s Bearish RSI Divergence signal on the technical chart. The yield on the 10-year US Treasury bond exceeded 1% for the first time since March on expectations of a Democrat’s election victory in Georgia’s Senate election. This will require the US government to issue debt instruments to compensate the budget deficit for the massive stimulus package. Bond Yeald’s rise has put pressure on gold as a non-interest-yielding asset.
In addition, the rise of the US stock market. Pressuring to sell safe assets like gold Virus vaccine against COVID-19 Moderna has been approved by the European Medicines Agency (EMA) for use in the European Union. And the dollar index recovered from its lowest since March 2018 of 89.209, which went down for testing during the day.
“Gold prices fell to a low of $ 1,901, before rebounding nearly $ 20 on gold as a safe haven. After the incident, a group of supporters of President Trump. Has raided the US Capitol to fund SPDR holding gold unchanged, ”the analysis states.
YLG recommends that if the gold price cannot stand $ 1,966, share some profits. But if passable, delay the sale And when the price weakens, buy at the support range 1,934-1,921 dollars per ounce.
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