【TOP1 Evening】Gold and Bitcoin soar, pound is pressured due to epidemic

Gold: Spot gold fluctuated within a narrow range.

Spot gold fluctuated within a narrow range near 1940 US dollars, holding up yesterday's rapid rise.

The price of gold skyrocketed yesterday, and Bitcoin's holiday rise seems to be the spark that ignited this upward trend. Gold closed up 2.35% to $1,943.00, and rose $45 on the day. The rebound above $1900.00 seems to have triggered the stop loss and brought technical buyers into the market, pushing the price of gold and silver to rise sharply.

Crude oil: Crude oil futures rose during the Asian trading hours.

New York Mercantile Exchange February crude oil futures, the transaction price rose by 0.27% before the deadline, trading at USD47.75 per barrel. The high of the previous session was USD47.82 per barrel. Crude oil is expected to find support at USD47.19 and USD49.83 will meet resistance.

The March transaction price of Nymex Brent crude oil rose by 0.16% to USD51.17 per barrel; while the contract price of Brent crude oil and crude oil was set at USD3.42 per barrel.

Forex: The U.S. dollar fell before rising on Monday.

The US dollar index rose 0.159%, hitting 89.415 earlier in the session, and the last time it hit this level was on April 17, 2018.

The British pound against the U.S. dollar GBP= gave up its early gains and fell below $1.37 as the country will introduce more stringent restrictive measures. The British pound closed at $1.3557 against the U.S. dollar, down 0.83% during the day.

After the start of trading today, the EUR/USD showed a new bullish trend and is expected to retest the resistance at 1.2300. Currently waiting for the euro/dollar to break through this level, thus confirming that the exchange rate will rise to the next target 1.2440 to open the way.

The safe-haven yen rose 0.05% against the dollar to 103.17 yen. Earlier, Japanese Prime Minister Yoshihide Suga said that with the new crown case as it climbs and the domestic medical system is tightening, the government will consider declaring a state of emergency in Tokyo. Bitcoin plummeted, once as low as US$27,734, and earlier rose to a record-breaking US$34,800 during the New Year holiday. Bitcoin fell 5.09% in late trading to $31,411.95.

There is a difference between the first trading day of Hong Kong and the US stock market in 2021. The three major US stock indexes fell by more than 1% overnight. The Dow once hit a new high, reaching 30,674 points, and then fell below 30,000 points, down 725 points at most, and closed. 30223 points, down 382 points. The index closed at 3700 points, down 55 points. The Nasdaq closed at 12,698 points, down 189 points. Apple and Microsoft fell more than 2%, but Tesla closed up 3%, another record high.

The Japanese stock market slipped on Tuesday because the Japanese government appeared to be preparing to declare a state of emergency in response to the increasingly serious COVID-19 infection, and the uncertainty of the Senate election in Georgia also suppressed investor risk appetite.