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Two major towns in Australia closed their borders due to serious epidemics, Gold has a great chance to break through again

Two major towns in Australia closed their borders due to serious epidemics
Australia’s two major towns, the border between Victoria and New Wales, will be closed on Tuesday until further notice. The affair in Melbourne, Australia's second largest city in Victoria, was severe. The immunization spread to other states and decided to close the state border. Recall that the last time the state border was closed was in 1919, when facing the Spanish epidemic. The incident showed the severity of the Australian epidemic when it occurred. It is recommended to pay close attention to the local situation and beware of the second wave of the outbreak that will cause damage to the Australian economy.

Gold has a great chance to break through again
The surge in the number of new cases on Monday caused the prospect of a full economic restart to be overcast, thus pushing gold to a previous high of nearly 8 years. However, the recent better-than-expected data from the US and Europe offset some of the impact of the second spread of the epidemic. However, Baida Assets believes that gold and stock market growth can coexist, because the common driving factor for both is the continued easing policy of the global central bank. With the rebound of inflation expectations caused by massive easing, gold will obviously benefit. TD Securities believes that gold may continue its performance in the second quarter and continue to rise in the third quarter.

 




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