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The yield on Japans 20-year government bonds fell 4 basis points to 3.765%, while the yield on Japans 30-year government bonds fell 7 basis points to 4.005%.The yield on Japans 30-year government bonds fell 5 basis points to 4.025%.Euro Stoxx 50 futures fell 0.37%, German DAX 30 futures fell 0.28%, and UK FTSE 100 futures rose 0.1%.July 7th - The Hong Kong Gold Central Clearing and Settlement System officially commenced trial operations. It is understood that the Hong Kong Financial Services and the Shanghai Gold Exchange launched the first phase of "physical connectivity" today, based on the cooperation agreement signed in January this year. HKG Clearing has applied to become an international member of the Shanghai Gold Exchange and opened a physical gold account. Market participants can choose to deposit their physical gold holdings into designated warehouses in Hong Kong on the Shanghai Gold Exchanges international board through this account. Through two-way transfers, market participants can participate in both the Shanghai Gold Exchanges on-exchange market and the Hong Kong over-the-counter market, facilitating the flow of physical gold between the HKG Clearing system and the Shanghai Gold Exchange system, effectively connecting the gold markets of Hong Kong and Shanghai.On July 7th, AMP Chief Economist Shane Oliver listed a list of risks facing the market over the next year, with one key risk focusing on the White House. He stated that after the upcoming midterm elections, US President Trump will be less constrained and may use this window of opportunity before the 2028 election to escalate overseas military operations, including renewed actions against Iran, and potentially involving Greenland and Cuba. Oliver added that this risk is particularly concerning if Trump loses control of both houses of Congress in November.

What commodities should i choose to trade

LEO

Oct 25, 2021 13:27

If you wish to trade commodities, gold and crude oil will probably be your first choices to start.

Gold is an important hedging tool in the market. When the world encounters political instability or economic downturns, people will worry about currency depreciation, and gold will often become one of the options against currency depreciation.


When an international emergency breaks out, the price of gold will experience large fluctuations. Unlike currency pairs, the price of gold is affected not only by the countries involved, but also by global factors. Therefore, gold provides investors with more investment opportunities.


With regards to crude oil, investors would easily understand the reasons for fluctuations in its supply and demand by reading international news. Like gold, oil prices are affected by global factors, which provides more opportunities for you to trade.


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