EGU Price Watch (19 Aug) | U.S. dollar and U.S. treasury yields are key factors which drive gold prices

As of August 19, 2020, at 8am, the value of EGU per unit was US$0.6640. The price of the EGU has continued to decline, with each EGU priced at US$0.6540 as of 11:30pm.

Users may consider buying when the gold price falls instead of selling off at low prices. On the other hand, users may choose to cash out when the gold price has risen till a higher figure. Through the price difference, users would be able to maximize their investment profits. During this period, U.S. dollar and U.S. Treasury yields are key factors which drive gold prices, resulting in a large number of investors purchasing safe-haven assets. Therefore, with the negative U.S. real interest rate coupled with the loose liquidity of global central banks, the price of gold to remain bullish in the long run.