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Market News 【Top1 Evening】Bitcoin continues to fly, gold slows down, global epidemic rebounds, US economic plan reignites

【Top1 Evening】Bitcoin continues to fly, gold slows down, global epidemic rebounds, US economic plan reignites

Bitcoin rose 1.2% on Thursday to $18,004, not far from the all-time high of nearly $20,000 set three years ago.

TOPONE Markets Analyst
2020-11-20
387

Gold: In the Asian market, spot gold still maintains a narrow range of fluctuations. The current trading volume is around 1865 US dollars, and the overall fluctuation is not large. It has fallen for three consecutive days. Spot gold fell 0.1% to 1,866.28 US dollars an ounce, down 1.1% this week.


US gold futures rose 0.3% to $1,867.90 per ounce.


Silver rose 0.1% to $24.12 per ounce. Platinum and palladium both rose 0.4%, reported at US$955.09 and US$2,333.69 per ounce, respectively.


The gold market is still struggling below US$1,900 per ounce. Although there is not much time left to hit US$2,000 by the end of the year, a mining executive said that it is more important to focus on long-term trends rather than any short-term goals.


Forex: The US dollar fell for the sixth consecutive trading day on Thursday, falling 0.2% to 92.299. According to reports, the leaders of the Republican Party in the US Senate have agreed to resume negotiations on another new coronavirus stimulus plan.


The euro rose 0.2% against the dollar to 1.1875 US dollars; the pound/dollar fell 0.3% to 1.3182 the latest; the New Zealand dollar against the US dollar latest 0.6871, the Australian dollar fell back to 0.7264.


Bitcoin rose 1.2% on Thursday to $18,004, not far from the all-time high of nearly $20,000 set three years ago.


Crude oil: Crude oil futures rose during the Asian trading session on Friday. The January crude oil futures on the New York Mercantile Exchange had a price increase of 0.02% before the deadline, trading at USD41.89 per barrel.

The January transaction price of Nymex Brent crude oil rose by 0.16% to USD44.24 per barrel; while the contract price of Brent crude oil and crude oil was set at USD2.35 per barrel.


Stocks: On Friday, the Japanese stock market fell for the third consecutive day, as new cases of new crown infection in the country hit a record high in a single day, raising concerns that the authorities may impose new restrictions on business activities.


The Nikkei 225 index fell 0.42% to 25,527.37 points. The Topix Stock Index fell 0.06% to close at 1,727.39 points. The Nikkei index rose 0.6% this week and hit a 29-year high on Tuesday as the stock market was boosted by the progress of the new coronavirus vaccine.


European stock markets fell on Thursday, the pan-European index Stoxx 600 closed down 0.75% to 387 points; travel and leisure stocks fell 1.7%.


The British FTSE 100 index closed at 6334 points, down 0.8% or 50 points; the German DAX index closed at 13,086 points, down 0.88% or 115 points; the French CAC 40 index closed at 5474 points, down 0.67% or 36 points.


Focus
November 23  22:45 (GMT+8) the initial value of the Markit Manufacturing Purchasing Managers Index in November in the United States
November 23 23:00 (GMT+8) Consumer Confidence Index of the US Consultative Conference in November
November 25 21:30 (GMT+8) U.S. monthly personal income rate in October


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