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U.S. pharmaceutical companies have announced that the experimental vaccine for novel coronavirus's disease under development has shown optimistic results in initial research.  Investors also turned to optimism and hoped that the Federal Reserve would propose more monetary stimulus measures.

The Dow Jones Industrial Average surged 911 points yesterday to rescue the US economy from recession.

The market spread that Germany and France called for the establishment of a 500 billion euro recovery fund for Europe and proposed to allow the European Commission to finance the fund from market loans.

Add to this the easing of anti-epidemic blockade measures by governments all over the world, and investors are willing to believe that the worst of the epidemic for the world economy has passed and European stock markets surged with global stock markets yesterday.

Affected by "good" news, the U.S. dollar's hedging function retreated slightly, with the U.S. dollar index falling 0.7% to 99.62.

Gold, another hedge tool, was able to fend off its losses. It lost a seven-year high of 1,765 US dollars and had demonstrated a high dive. At its worst, it fell 40 US dollars to 1,727 US dollars before closing at 1,730.

Gold's ability to hit a high level in recent years is based on two horses and chariots: the new virus epidemic has hit the global economy, causing the central banks of various countries to be unlimited in scope, which will definitely devalue currencies and cause inflation.

The other is the Sino-US trade war. Recently Sino-US relations have become increasingly tense. Both sides have hit each other with one blow, which is likely to cause the gun to go off accidentally and hinder economic development.

Gold is an investment tool that can resist inflation and preserve its value in troubled times. It takes time and a lot of policies to implement to improve the medical economy and international relations.

Yesterday's decline only allowed the two horses to rest and could be seen as an adjustment.  As long as it can be bottomed between 1730 and 1740, it can still make a comeback.

The trend of crude oil prices has benefited from the resumption of production in various countries and the impact of demand recovery. Oil prices have been rising for three consecutive weeks. If the overall global situation continues to improve, it will support oil prices to continue to rise.  New york crude oil futures rose 7% to $31.70 a barrel.

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