OPEC+ stalemate, China’s probe into Didi and Gold Prices (Money FM)

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press, news and industry

Jul 9, 2021

As commodities prices increase amid the ongoing global recovery , what does the current OPEC+ stalemate mean for oil prices?

Previous clampdowns were mostly focused on anti-monopoly and financial technology regulation, which led to the suspension of Ant Group’s $34.5 billon listing and Alibaba’s $2.8 billion antitrust fine. With Didi, the focus is now on cybersecurity. Why all these scrutiny?

We also discussed about gold prices, which witnessed a roller coaster ride. After surging to over US$2,060/oz in August 2020, above the psychological resistance level of US$2,000/oz, on the back of the uncertainties created by the pandemic. Prices started to trend down to hit a low of US$1,680 as the focus shifted to other riskier asset classes on expectations that the worst was over for the global economy, especially with the successful development of a COVID-19 vaccine.

To ascertain the future prices of gold, David looks at some of the main reasons driving the prices and whether these reasons still exist?

Jul 9, 2021

As commodities prices increase amid the ongoing global recovery , what does the current OPEC+ stalemate mean for oil prices?

Previous clampdowns were mostly focused on anti-monopoly and financial technology regulation, which led to the suspension of Ant Group’s $34.5 billon listing and Alibaba’s $2.8 billion antitrust fine. With Didi, the focus is now on cybersecurity. Why all these scrutiny?

We also discussed about gold prices, which witnessed a roller coaster ride. After surging to over US$2,060/oz in August 2020, above the psychological resistance level of US$2,000/oz, on the back of the uncertainties created by the pandemic. Prices started to trend down to hit a low of US$1,680 as the focus shifted to other riskier asset classes on expectations that the worst was over for the global economy, especially with the successful development of a COVID-19 vaccine.

To ascertain the future prices of gold, David looks at some of the main reasons driving the prices and whether these reasons still exist?

press, news and industry