Gold 1713,88
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EURUSD 1,0939
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DJIA 23674,50
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OIL.WTI 22,645
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DAX 10665,98
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The G20 Group plans to offer a debt freeze to the world’s poorest countries. The World Bank last month requested urgent debt relief for poor countries to avoid a series of defaults in emerging economies. More than half of the world’s countries have recently requested IMF assistance. This organization works very hard to meet all requests. In the near future, the pressure on the global economy will not fall.
GOLD
European markets were closed on Monday due to Easter. American indices were traded mixed. In the US there is hope that some areas will soon be out of quarantine and production will start to recover. There are signs that the infection curve in the U.S. is beginning to level off, everyone is hoping that soon medics will be able to control the situation. While investors are waiting. The government is trying to level the situation and the Fed is helping everybody, further market dynamics will depend on how the government will fight the spread of infection. There is a certain upward trend, but it is very weak and can change at any time.
British Pound
After the UK’s exit from the EU, it still feels like the pound is moving its own way. After the positive news about Boris Johnson’s discharge from the hospital, investors started buying the pound on optimism, although now the country itself is preparing for an outbreak of the disease and is not going to stop quarantine activities. The pound is rising 0.5% on Monday to 1.2515.
Oil
On Monday, oil is traded mixed, the OPEC meeting that decided to cut oil production had little impact on the price. All production has been halted in many countries due to coronavirus spread. Economic development is blocked, so we will be able to see the oil price rise only after the main countries recover. WTI oil is traded at $27 per barrel.
Gold
Gold can continue to grow at any time. Probably the most stable metal in the current time, which shows excellent positive dynamics. Gold has broken through the level of $1700 per ounce and is not going to stop there. Always after a strong growth, a small correction may appear. At the moment, we consider the growth of gold to new highs.
What’s waiting for us today?
14.30 US Export Price Index
22.30 Weekly crude oil reserves in the USA
23.30 Export volume in China
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