Weekly

The price of gold returned as scheduled, but the low price also saw a rebound supported by buying. The price of gold stabilized above 1700 in the late market, and the market risk appetite rose, depressing the pace of gold price rise.

In addition to Hong Kong's further easing of quarantine checkpoints, the European epidemic has also begun to ease. The market hopes to weather the worst and British Prime Minister Johnson returns to work. All these have given the market positive messages.

European stock markets rebounded in an all-round way, investors' risk appetite rose, funds flowed out of the safe-haven market, the US dollar lost the 100 mark in the early period, and gold prices also softened, once losing the 1700 mark.

However, the sharp drop in oil prices has once again become a worry in the market. Without government support, oil companies have not yet passed the critical period. As a result, the US dollar index and gold price are also supported by some safe-haven buying at low prices.
 
Technically, the gold price fell before rebounding yesterday, and the overall situation has not completely shaken off the recent trend of vomiting. However, after the shock eased back, there was also a better buying position, while the medium-term surge did not change its pattern.

However, tonight's interest rate meeting of the Federal Reserve may become an excuse for the market to make a breakthrough. Although the interest rate of the Federal Reserve is close to zero, the interest rate will be as low as possible. The market also expects that the interest rate will not change tonight.

However, investors will pay attention to this low-interest environment and whether the QE policy will be changed.  The epidemic situation in the United States is more serious than that in European countries. It is believed that the Federal Reserve still tends to release pigeons, which will stimulate gold prices late at night.
 
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