Market Outlook

Monday (March 23) the global financial markets are still pessimistic. However, a breaking news rocked the market causing volatility. Before the US market open, the Federal Reserve (Fed) announced that it will implement an unlimited version of quantitative easing (QE). The Fed announced that it will buy assets like US Treasury and Mortgage-Backed Securities (MBS) “in the amounts needed” to deal with the coronavirus crisis.

Trend Review : Gold prices as a whole remained in the range on Wednesday (February 12), with gains and losses on the day, fluctuating between US$8 and US$, but were clearly countering risk appetite in financial markets. Gold edged down to around $1,567.5 on Wednesday and saw downward pressure in early trading until the european market's early decline was more pronounced, falling as low as

Signs of pneumonia outbreak or slowdown in mainland China, weakening demand for safe havens, coupled with Federal Reserve Chairman Colin Powell's renewed confidence in the U.S. economic outlook, further reassured, as money continued to flow into the stock market, with the Dow, S.P. and Nasdaq all hit record highs.