Weekly

May 12th

Today's volatility range:

The sharp rise in international crude oil and natural gas prices, coupled with the fact that Bitcoin once fell below the $28,000 mark, stimulated investors' interest in gold anti-inflation, while the inflation data for April released by the United States last night remained.

Strong, the gold price found support around $1,832, investors are still digesting the interest rate hike policy of the United States, and there is no important data today. It is expected that the gold market will fluctuate due to lack of direction, but the volatility will not increase.

The suggested volatility today is $1,842 to $1,860.

The inflation problem in the United States is serious. In addition to raising interest rates to suppress price increases, the United States Federal Reserve has also tried its best. Just last month, U.S. Treasury Secretary Janet Yellen and the White House Deputy National Security Advisor

Q Singh took the lead in saying that he would consider lowering tariffs on China's non-strategic goods to reduce inflation. U.S. President Joe Biden said on Tuesday that he would consider canceling the levy on imports from Chinese mainland.

Tariffs to control rising consumer prices in the United States. Although Biden said that the plan has not yet been implemented, for China, this is a valuable signal enough to change the investment sentiment. In addition,

Yesterday, the mainland announced last month's production price index, and the result was higher than expected, which also became good news for the stock market; Hong Kong stocks opened lower and closed higher, and the Hang Seng Index finally closed at 19824, up 190 points or 0.97%.

The war in Ukraine continued, and Ukraine pushed the front to another level yesterday, announcing the suspension of a transit natural gas pipeline from Russia to Europe via Ukraine, which took over nearly one-third of Russia.

The price of natural gas, natural gas and crude oil exported by Ross to Europe rose by nearly 7% respectively! Although energy prices have risen, European Central Bank President Lagarde spoke yesterday, saying that the European Central Bank ranked fourth this year.

In the previous quarter, the existing zero interest rate policy was still maintained. European stock markets rose for two consecutive days, and the German DAX index rose by 2.15%. Paris CAC index rose by 2.51%; Britain's FTSE 100 index rose by 1.44%. The United States announced last month

The consumer price index rose by 0.3% month by month, while the core consumer price index rose by 0.6% month by month last month. Both inflation rates were higher than market expectations, and investors responded to the "moderate" interest rate hike announced by the Federal Reserve last week.

The policy has increased the uncertainty, which is expected to rise by 0.2%; The three major Wall Street stock indexes all went down, and the Dow Jones index fell by 1.05%; The S&P 500 index fell 0.54%; The Nasdaq Composite Index fell 2.56%.

The sharp rise in international crude oil and natural gas prices, coupled with the fact that Bitcoin once fell below the $28,000 mark, stimulated investors' interest in gold's anti-inflation, while the April consumer price index announced last night rose by 8.3% year on year.

It is the historical high in nearly 40 years. The inflation data made the bulls quickly dominate, and the price of gold immediately rose by $14. The price of gold was as low as $1,832.1, the highest was $1,858.3, and finally closed at $1,852.2.

Up 13.8 dollars.

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