Weekly

After falling to $1,624 in the morning, European and Asian markets rebounded at a high speed to $1,654, hoping that US President Donald trump would propose measures to rescue the market.

Bullish expectations in the middle of the European market helped push gold back to soft and low and back to $1,624, but selling pressure failed to push gold any further, forming a double-bottom.

Back to the top; In a speech this morning, trump again expressed his dissatisfaction with the fed's interest rate and the impact of the outbreak on economic growth, raising the possibility that global could further cut interest rates or bail out the market.

Capital will continue to flow into the precious metals market. Yesterday's moves were volatile, but the tone was broadly the same, with continued fears about the outbreak and hopes that the federal reserve would cut interest rates sooner rather than later.

Janet yellen, the former chair of the federal reserve, told an audience of the us economy and the 2020 election that the new coronary pneumonia had spread widely in Europe in the past week and she expected it to have a profound impact in Europe,

It could tip the U.S. economy into recession, but she said the outlook for the U.S. economy was good, so the outbreak was unlikely to have a very serious impact on the country. She added that markets are starting to expect a lot of support from the fed,

But with the exception of the federal reserve, interest rates in most developed countries are already low, and in America they are only slightly higher than elsewhere. Some expect gold to hit $1,800 in the next three months.

After a sharp rebound last night, the U.S. stock market was sluggish. After a sharp rise of 461 points, it still had to give up 123 points. Looking forward to trump will act to rescue the market, the us market has seen a substantial early build,

But no action has been taken. The vice President of the fed also said it was too early to assess the risk to the economy.

Data on U.S. economic activity this week, such as weekly jobless claims and existing home sales, will not be important enough tonight.

Can be adjusted, waiting for the opportunity to absorb.