Kriptokoin.com –In the Spot Gold Market, the transaction volume fell harshly, with the break of price difference between New York and London due to disruptions caused by the corona virus.
According to the London Booty Market Association, the transaction volume of 1.33 billion ounces in March decreased by 743.5 million ounces in April.
Logistics -induced problems, volatility in the gold market, and the two most important markets, London and New York, are the main reasons that cause risks in the market and even cause some investors to stay away from the market. In addition, according to HSBC Holdings PLC, another important substance was the closure of gold refineries and abnormal fluctuations in profits in March.
This month, with the increase in the production of large refineries, the situation returns to normal; Price differences are still high levels.
The price of gold found support with the negative interest agenda in the USA
On the other hand, the gold price maintained its level of $ 1,700 per ounce with both the negative interest agenda in the US and with low -month -old employment data, and the weekly earnings.
On Thursday, Gold rose on Thursday, pricing the possibility of the Fed’s interest rate below zero level. Fed officials, the indicator interest to the level of zero levels reduced.
In addition, non -agricultural employment data in the United States lost a record decline of 20.5 million; This loss is reported to be 27 times the decline in the recession period of 2007-2009. Yellow metal may have found support for this development.
The Korona, which has become a safe port with the effect of the virus, has become very popular as the presence of the virus and has risen strongly and has not seen in the last seven years. Although the measures taken due to the corona virus have been loosened in many countries; It continues to find support from the news that Golden Central Banks will continue to economic incentives, and the news that governments increase their obligations. In addition, gold ETFs have reached the highest levels.
Yellow metal attracts attention during intense periods of volatility and therefore becomes a very attractive investment. Last month, Bank of America Corp.
As of 17:54, the price of ounce of gold is traded at the level of $ 1,716,34 and the price of grams is 393.07 pounds.
