EGU Price Watch (14 Aug) | Gold continues to enjoy rising global demand as safe-haven assets

As of August 14, 2020, at 9am, the value of EGU per unit was US$0.6510. The price of the EGU has continued to decline, with each EGU priced at US$0.6420 as of 11pm.

During this period, the economic situation remains difficult and the gold market continues to fluctuate. Nonetheless, lower gold prices do present good buying opportunities. Therefore, it is advisable that users should not cash out when prices are low, and instead consider buying in more gold by holding existing or adding new positions. Meanwhile, gold still has potential to grow in the future as it continues to support the global demand for safe-haven assets in the face of market uncertainty.

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