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Original Title: Frequent Support for Conflict and Risk Aversion on the China-India BorderGold price Source: Internet content integration
On Thursday (September 3), in the Asian market in early trading, spot gold once continued the downward trend in the New York market and opened lower, but then rose slightly to $ 1,944.53 the ounce. At press time, spot gold was reported at $ 1,943.17 per ounce, an increase of 0.06%. Gold fell almost 1.4% on Wednesday (September 2), due to the strengthening of the US dollar and the strong rebound in the US manufacturing industry that has raised hopes that the US economy affected by the new corona virus will be recover quickly.
In recent times, the border between China and India has not been peaceful and conflicts have frequently erupted, greatly damaging the situation between China and India. On September 2 local time, the Indian side officially announced a ban on 118 Chinese apps that were “likely to engage in activities that endanger the sovereignty and (territorial) integrity of India, Indian defense, national security and the public order”. India’s action is undoubtedly exacerbating the tension between China and India. Increased risk aversion sentiment boosted risk sentiment in the market, thus supporting precious metals.
India frequently launches new actions! Another 118 Chinese apps are banned?
On September 2, according to foreign media reports, the Indian Ministry of Electronics and Information Technology yesterday announced the banning of 118 Chinese apps “likely to engage in activities that endanger Indian sovereignty and (territorial) integrity, Indian defense, national security and public order. ” The new ban list includes PUBG mobile game apps and apps from companies such as Baidu, Tencent, and Xiaomi. The scope includes games, tools and other products, including PUBG, PUBG mobile version, Baidu, Baidu speed version, Tencent Watchlist, Tencent VooV conference, Tencent Weiyun, Enterprise WeChat, WeChat Reading, FaceU, ZAKZAK, Alipay, mobile version of Taobao, etc.
On June 29, India announced a ban on 59 Chinese apps, including TikTok and WeChat. A month later, it announced the ban on 47 Chinese apps again. Foreign media reported that these 47 apps are “cloned” apps from previously disabled apps. So far, the Indian government has banned 224 Chinese apps.
It is worth noting that China and India have held two rounds of similar talks on August 31 and September 1, each lasting more than 6 hours, but barely reaching a “constructive consensus.”
Today, gold can no longer see the downside space. Instead, pay attention to the bullish offense and gold rebound. The daily line is below the big cloudy sky, or a bounce wave to close, the upper high point refers to 1958. At the same time, during the week of H4, the one-sided 5 and 10-day moving averages were suppressed in 1958 Therefore, the focus of gold today is 1958. After the low and the bullish rise of 1958, we will see the strengths and weaknesses. If it breaks strongly in 1958, there will still be a rise in 1976. If it doesn’t break the 1958 low and doesn’t swing, then watch the adjustment. In early trading, gold fluctuated around 1942, and you may choose to do so more directly. The slow rise of Asia and Europe will be seen gradually in 1952/1958.
According to Jintou.com’s Gold Market Center, at 10:56 am Beijing time, today’s gold spot price was reported as $ 1,946.60 per ounce.
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