As of July 28, 2020 at 6:30am, the EGU per unit was US$0.6410. At 9am, it rose to US$0.6500. Users who sell off their EGU at 9am would have made a gain of 1.4%.
The price of the EGU continued to decline, with the price of each EGU at US$0.6350 as of 4pm. By 11:30pm, our EGU trading price rebounded strongly to US$0.6450. If our users bought 2000 EGU, they will be paying US$1270. If they sell 2000 EGU at US$0.6450, they will be selling at US$1290. Instant profits will be US$20 (US$1290 – US$1270), or 1.57%.
Thus, users can continue to buy EGU when the gold prices fall, or hoard the EGU that they have already bought until the gold prices rise and then close at the higher position.
International gold prices have been on the sharp rise recently. This may be the best timing to consider buying more EGU during this period! Users can also subscribe to our ongoing second Gold Subscription Event within the specific time. We will officially release the EGU on July 31, 2020, based on the international gold price at 4pm (GMT+8). The price is expected to be around US$0.61 per EGU.