Weekly

Gold prices adjusted as scheduled yesterday. The market expected Washington to rescue the market. U.S. stocks surged to close higher after repeated fluctuations. Gold prices also returned to their low levels. After hitting 1700 on Monday,

Last night, the lowest return was 1,642 US dollars, with a correction of nearly 60 US dollars. The gold price adjustment has almost been completed. After consolidation, it is expected to regroup and rise.  U.S. to Announce CPI Consumer Price Index Tonight,

Global Joint Rescue, Market Still Expects Fed's Interest Rate to Fall Further, Inflation Data Will Have Important Impact on Fed's Decision. If US Inflation Soars,

It may also hinder the decision to cut interest rates. Market conditions must also wait for the stock market to return to calm and risk sentiment to cool before hot money can start again and make plans.

The precious metal market was still unstable in the early part of yesterday. After the opening of the US market, the gold price gradually declined.  After the U.S. stock market opened, the trend has been repeated.

Investors expected US President Trump to launch a stimulus policy to deal with the epidemic in novel coronavirus. US stocks rebounded sharply in the early period, but after rising 601 points, their performance fell repeatedly.

However, efforts were made again in the latter part of the day to reach the highest closing price in the whole day. Foreign media quoted officials as saying that Trump suggested to Republican congressmen to reduce the internal salaries tax to zero this year.

In addition, it also refers to the White House's plan to provide federal assistance to the US shale gas industry to reduce the impact of Russia's and Russia's oil price hikes.

The rescue measures and rumors not only affected the performance of U.S. stocks, but also caused a sudden change in gold price. U.S. stocks surged in the afternoon, once pushing the gold price back to 1,642 U.S. dollars. The gold price as a whole has still not completely deviated from the adjustment trend.

However, it is believed that the low level is expected to start to consolidate. There are continued buying around 1650 to support the rebound. However, it is necessary to be careful not to stabilize above 1665. It is difficult to extend the rebound space. Gold prices can be absorbed at bargain prices.

However, this level is only limited to the struggle to rise and fall, and can only be improved after the consolidation is completed.