「KOL Analysis•Jasper Lo」Precious Metal Continue to Face Pressure as Capital Prefers Stocks to Gold

Of course, cool-headed investors may have observed that the Japanese yen, another safe-haven asset, has been largely sold off. The situation facing both safe-haven assets is caused by the capitals flow into the stock market.

Traditionally, geopolitical tension should drive risk-averting funds into the gold market, but it still depends on whether the risk-aversion sentiment will intensify, and also the global stock markets performance will weaken in response to the situation.

The recent global stock market continues to go up due to global central banks‘ liquidity supplement and countries’ economic stimulus measures, as well as the ignorance of escalating protest and continuous stagnation in economy in the US. And the vigorous upward stock market weakens the performance of safe-haven currencies including USD, JPY and Gold and leads to a fall of them.

Spot gold prices are expected to challenge below 1669.10 and 1659.66 USD, but the most critical support level of gold is at 1639.90 USD. Golds failure to hold the support level may result in a bad market trend. At the same time, spot silver prices are likely to drop following the decrease of gold prices, and its major support level is at 16.705 USD. So the failure to hold the level would put downward pressure on silver spot prices.

[About The Author]

Since 1987, Jasper Lo has been engaged in the financial industry (forex, futures and gold) for more than 32 years and holds forex R.O., securities and futures broker licenses. Mr Lo is an expert in trading forex, precious metals and commodity futures and an basic and technical analyst.

Over the years, Mr Lo won many individual and team sales champion awards, as well as outstanding employee awards. He was invited, as a guest mentor, to the University of Hong Kong, Guangdong Ocean University and Guangzhou Jinan University. And he was also appointed as the chief training consultant by Hantang Securities and Dongguan Securities in China.

Mr Los experience as guest of honor invited by media including Chinese and English newspapers and columnist:

-Guest of honor invited by TVB New Channels such as Finance Channel, Forex Focus, Global Watch

-Guest of honor invited by Now Finance Channel - Forex Reports

-Guest of honor invited by i-CABLE Finance Info Channel - Forex Opportunities

-Guest of honor invited by ViuTV - Investor Smarter Group

-Columnist of Finance and Forex Market of Ming Pao

-Presenter of Finance and Forex Forecast of Ming Pao

-Presenter of Investment 36 Stratagem and Technical Analysis in 1 Min of Ming Bao Finance

-Appointed lecturer of Ming Pao Investment Seminar and Paid Course

-Author of the best seller Investment 36 Stratagem

-Columnist of Forex Expert, Forex Analyst, Marathon Weekly of ET Net

-Guest of honor of Open Good Morning of ET Net

-Guest of honor of Metro Finance Channel - Market Opening, Instant Market Fighting, Guangdong-Hong Kong Finance, Finances Power, Market Analysis

-Guest of honor of New Era of Investment of RTHK

-Columnist of Capital Commodities of Capital Weekly

-Guest Presenter of Wang Guanyi Online Finance Channel - Fund and Commercial Bond

-Columnist of Wealthub Finance and Investment Smart Platform of Enrich Culture

-Guest presenter of Weekly Investment in the World of Enrich Culture

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