Dear users,

Thank you for your ardent support to Everest Gold! 

Invite your friends to register on our platform and receive attractive rewards! Here are the campaign details:

Referral Program Period
1 December to 31 December 2020

Criteria to Fulfil

Note: 100,000 reward points ≈ USD 10. 
Once you are a registered and verified user, you may go to ‘Profile’, tap on ‘Rewards’ and ‘Rewards History’ to check your reward points. The reward points which you have earned can be converted into EGU during our Gold Subscription Events. 

Referral Instructions
Open the Everest Gold app, go to “Profile”, tap “Invite Friends”, and use either one of the following methods to share with friends:

1) Invite Code
2) QR Code
3) Referral Link

Please Take Note
1) All conditions stated above must be fulfilled before the reward points are awarded.

2) All referees need to register an account with Everest Gold within this period (1 to 31 December 2020). Rewards will be awarded upon successful KYC verification. 

3) The number of recommendations is unlimited. The more referrals you make, the more points you earn.

4) The referrer will receive 100,000 reward points per referee upon fulfilment of the stated criteria. The referee will earn 100,000 reward points upon successful KYC verification. Referees can also make referrals and become a referrer to enjoy more rewards.

5) All self-registered users during this period (1 to 31 December 2020) will also be entitled to receive 100,000 reward points upon successful KYC verification.

Everest Gold team

Review of EGU Price for the Last Month 

Statistics from the past 30 days showed that the EGU prices have risen by less than 1% on 17 days and increased by 1% to 2% across seven days. Over four days, the price increased between 2% to 3%, while on two of the days, the prices rose by more than 3%. 

Market News Recap

The US Presidential election continues to affect gold prices. Joe Biden, the Democratic presidential candidate, won the election in the first week of November and raised the possibility of a fiscal stimulus, causing gold prices to rise. However, the reluctance of the Federal Reserve to expand stimulus programs caused a subsequent dip. With only a few working days left in December for the US government to make a decision, the effect on gold could continue to fluctuate. Michael McCarthy, the chief strategist at CMC Markets, revealed that the inability to deliver a fiscal package bolsters gold prices. 

Uncertainty surrounding the COVID-19 pandemic has also put further pressure on gold. The COVID-19 vaccine breakthrough may have caused a downtrend in gold and has potentially offset the rising gold prices from the upsurge of coronavirus infections. But gold has also found support from the Federal Reserve through low interest rates and liquidity. McCarthy warned, however, that although gold is currently supported, a stronger US dollar in the near future may push down gold prices. 

In the last week of November, the US saw gold prices fall USD 1,775 per ounce, one of the lowest since July this year. At the end of the month, it fell 1.2% to USD 1,766.26 per ounce in global markets, mainly due to the developments of the coronavirus vaccine and the potential recovery of the economy.Despite the current downward trend, though, analysts believe that gold will bounce back. A good indication is this year’s average price of USD 1,762 per ounce, which is the highest it has been since in 2011.

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