{"id":16640,"date":"2020-08-05T07:34:55","date_gmt":"2020-08-05T05:34:55","guid":{"rendered":"https:\/\/bernstein-bank.com\/?p=16640\/"},"modified":"2020-08-05T07:34:55","modified_gmt":"2020-08-05T05:34:55","slug":"day-of-the-gold","status":"publish","type":"post","link":"https:\/\/bernstein-bank.com\/en\/day-of-the-gold\/","title":{"rendered":"Day of the Gold!"},"content":{"rendered":"\n\n\n
\n

Gold<\/span>\u00a0 2023,695
\n(+0,23%<\/span>)<\/h4>\n<\/th>\n

\n

EURUSD<\/span>\u00a0 \u00a01,1816
\n( +0,17%<\/span>)<\/h4>\n<\/th>\n

\n

DJIA<\/span>\u00a0 26759,50
\n(+0,19%<\/span>)<\/h4>\n<\/th>\n

\n

OIL.WTI<\/span>\u00a0 41,59
\n(+0,19%<\/span>)<\/h4>\n<\/th>\n

\n

DAX<\/span>\u00a0 \u00a012622,19
\n(+0,01%<\/span>)<\/h4>\n<\/th>\n<\/tr>\n<\/tbody>\n<\/table>\n

On Tuesday, yellow metal reached another target, $2,000 per troy ounce. Futures got to this level a few days earlier. But Tuesday can be considered the official day when this mark was reached in the forex market. What’s next?<\/p>\n


\nGold<\/strong><\/p>\n

\"Gold\"<\/p>\n

It gets more interesting from here on out. In the two largest countries of the world, China and India, there is talk of banning or restricting possession of physical gold. In India, for example, gold is passed on from mother to daughter through the female line. It is considered an insurance policy against loss of the breadwinner (man). In this country, the possibility of declaring gold by individuals is being considered. And the payment of 30% tax.
\nIt’s not enough that a third of all gold will be taken under this tax. So in the future, if the state wants to come for gold metal, it will know exactly who to go to.
\nNow let’s imagine what will happen in developing countries and countries of the 3rd world, when the price of yellow metal will rise to $ 3000. There will be even more people willing to take it away from them. After all, the price itself, in this case, does not talk about anything. In the markets “paper gold”, for example ETF is quoted. And if ETF owners or investors want to exchange paper gold for real gold, the market will collapse, with unpredictable consequences.<\/p>\n


\nS&P 500
\n<\/strong><\/p>\n

The major U.S. stock index is getting closer to its peak in February. It’s about 3% left. Of course the situation is absurd. The world economy is in ruins. And the US economy, even with these ruins, looks even worse.
\nBut pumping stock markets with empty money continues to work. It is crucial for Donald Trump to keep the American stock market at high levels by the time of the election. The largest banks and investors are mostly supporters of the Republicans. And they don’t see any point in selling out stocks right now.
\nThe most interesting thing will start as soon as the election results are summed up. If a Democrat candidate wins, everyone is waiting for a strong fall in the S&P 500 index. And in the case of Donald Trump’s re-election, markets may fall down amid profit taking.<\/p>\n


\nWhat’s waiting for us today?<\/strong><\/p>\n

09:55 Composite index of business activity in Germany for July
\n10:30 UK Service Business Index July
\n11:00 EU retail sales for June
\n16:00 ISM Business Activity Index for the US Services Sector for July<\/p>\n

\n

Important Notes on This Publication: <\/small><\/p>\n

The content of this publication is for general information purposes only. In this context, it is neither an individual investment recommendation or advice nor an offer to purchase or sell securities or other financial products. The content in question and all the information contained therein do not in any way replace individual investor- or investment-oriented advice. No reliable forecast or indication for the future is possible with respect to any presentation or information on the present or past performance of the relevant underlying assets. All information and data presented in this publication are based on reliable sources. However, Bernstein Bank does not guarantee that the information and data contained in this publication is up-to-date, correct and complete. Securities traded on the financial markets are subject to price fluctuations. A contract for difference (CFD) is also a financial instrument with leverage effect. Against this backdrop, CFD trading involves a high risk up to the point of total loss and may not be suitable for all investors. Therefore, make sure that you have fully understood all the correlating risks. If necessary, ask for independent advice.<\/small><\/p>\n","protected":false},"excerpt":{"rendered":"

Gold\u00a0 2023,695 (+0,23%) EURUSD\u00a0 \u00a01,1816 ( +0,17%) DJIA\u00a0 26759,50 (+0,19%) OIL.WTI\u00a0 41,59 (+0,19%) DAX\u00a0 \u00a012622,19 (+0,01%) On Tuesday, yellow metal reached another target, $2,000 per troy ounce. Futures got to…<\/p>\n","protected":false},"author":37,"featured_media":13158,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[6],"tags":[],"class_list":["post-16640","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nDay of the Gold! | Bernstein Bank<\/title>\n<meta name=\"description\" content=\"On Tuesday, yellow metal reached another target, $2,000 per troy ounce. 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