Dear users,

To welcome our international users, we are excited to announce that our 6th Gold Subscription Event will start this Wednesday, 25 November 2020!

There may be an overwhelming demand, you are encouraged to deposit funds before our event starts to ensure a smooth transaction. As the total supply of our Everest Gold Units (EGUs) are limited, please subscribe within the stipulated period.

Earn more reward points by inviting your friends to sign up for an EG account. Once their accounts are verified, your referral reward points will be credited into your account. Exchange all your reward points for EGUs during this Gold Subscription Event. Don’t miss out!

Gold Subscription Event Period

25 November 2020, 1200hrs to 1 December 2020, 1200hrs (GMT+8)

Release of EGUs

All EGUs will be allocated to the user’s account from 1600hrs (GMT+8) onwards on 1 December 2020. You can use the EGUs to trade immediately.

The price of the released EGUs will be based on the real-time international spot gold price at 1600hrs (GMT+8) on 1 December 2020.

Everest Gold Team

Review of EGU Price for the Past Week

The following is the daily gold price change of Everest Gold (from 16 November 2020 to 22 November 2020).

Statistics from the past seven days showed that the EGU prices have risen by less than 1% on three days and increased by 1% to 2%  across two days. The price increased between 2% to 3% in one of the days. For the remaining days, the prices rose by more than 3%.

Market News Recap

Due to the Federal Reserve’s reluctance to expand its fiscal stimulus lending programs, gold has come under pressure recently as the market has been hit by uncertainty. Analysts said that despite the current impasse in fiscal stimulus talks, the Federal Reserve has kept the low-interest rates and monetary easing policies, which will continue to support gold prices and remain positive in the long run.  Analysts also believe that the outcome of the fiscal stimulus and the latest progress in the global epidemic will be the main factors affecting the gold trend at this stage.

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