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British Prime Minister announces gradual lifting of isolation restrictions, Gold pressured by rising US stocks

British Prime Minister announces gradual lifting of isolation restrictions

British newspaper Telegraph reported that the British Prime Minister Johnson will announce the gradual reduction of restrictions and timetables for home segregation collars within this week. The report states that the isolation collar will not be completely eliminated, but will be relaxed to ease the economic impact. It is understood that Johnson will return to the office from the nursing home today to perform his duties.

 

Gold pressured by rising US stocks

Last Friday, technology and consumer stocks pushed US stocks higher last Friday. Investors weighed the latest corporate earnings and U.S. efforts to reopen the economy. At the same time, the consumer confidence index is better than the previous value and expectations, which puts some pressure on gold. But the market is cautious about the possibility of secondary risks after restarting the economy. This week the US and Europe will release GDP data for the first quarter, and the market will look for clues. Also pay attention to the three major interest rate resolutions. It is worth mentioning that the Fed has further reduced the scale of bond purchases. As the liquidity crisis eased, the net short position of the US dollar increased to the highest in two years, which is beneficial to the price of gold.

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