Gold prices jumped, as the collapse of oil prices dragged down the stock market;

Gold prices jumped, dragging the stock market lower due to the collapse of oil prices

① Gold prices rose nearly 1% on Monday, as U.S. crude oil prices fell to record lows, impacting risky assets and prompting investors to switch to safe gold; earlier, gold fell to A low of more than a week.

② Edward Moya, senior market analyst at broker OANDA, said that gold rose because of an unprecedented global monetary stimulus measures will only increase, after the oil industry experienced a historical collapse, this reminds everyone, global economic activity is still far from back to normal.

③ global stock markets by US crude oil prices plummeted shocks, May US crude oil futures slumped to an unprecedented level, the day to settle at -37.63 dollars / barrel, down about 305 percent, or down 55.90 US dollars / barrel; once hit a record low of -40.32 US dollars / barrel.

④ oil prices have been under pressure for several weeks as the new coronavirus epidemic has hit demand; although Saudi Arabia and its allies agreed more than a week ago Production is reduced by 9.7 million barrels, but this will not quickly reduce the global oil oversupply situation.