Gold Futures Price Highest Buy order for "safety assets" with the new Corona April 14 19:51
Gold, which is a safe asset in the financial markets, was bought, and the futures price reached the highest price on the Tokyo Commodity Exchange on the 14th. This is a movement that reflects the caution of investors that the announcement of an emergency situation will be issued due to the spread of the new coronavirus and the business performance of companies will become more severe.
At the Tokyo Commodity Exchange, where futures commodities such as crude oil are traded, buying orders expanded due to futures trading of “gold”, which is a safe asset, and prices rose.
The price of February next year, which will be the center of the transaction, rose 117 yen from 13th, ending the transaction at 5960 yen per gram, and it became the highest closing price since the transaction started in 1982.
In the last month when the global financial market was confused by the spread of the new coronavirus infection, the movement to sell stocks etc. strengthened, and "gold" was also sold in order to keep cash in hand in case of a shortage situation had.
After that, after the emergency declaration was issued to the seven prefectures, the movement to buy safe assets gold strengthened again, reflecting the caution that the business performance of the company will be more severe due to requests for suspension of business, etc. The price has risen by almost 5%.
Market officials said, "Central banks in many countries are supplying a large amount of money to the market as a response to the crisis, but until the spread of infection is subsided, the money in hand is sought in search of a safe investment destination. The move to invest may continue. "