Weekly

On May 25

Today's range:

Gold prices still maintain upward momentum, up 5 days in a row. Expectations that US inflation is still a serious problem, coupled with a possible recession in economic performance, and the euro early rate hike, the DOLLAR continued to weaken, the DOLLAR index

Gold benefited from the 102 level, and while it failed to break above $1,870 yesterday, it remained strong, with a chance of hitting $1,890 again in the short term. Today's recommended range is $1858

To $1,878.

Foreign investors continued to sell renminbi assets, recording a net outflow of $2.3bn worth of renminbi last week, the largest weekly net outflow on record. Some economists refer to foreign investment

The increased political risk in China, coupled with the fact that the mainland's approach to COVID-19 is out of sync with the rest of the world, has increased the determination of foreign investment to accelerate the flight out of China, and this trend is expected to continue. Mainland stocks fell, while Hong Kong

The Hang Seng index, which briefly fell below the 20,000 level, pared losses to close down 357 points, or 1.75 per cent, at 20,12. Mixed European economic data yesterday, UK Hing Tak

Risk markets were weighed down after European Central Bank Christine Lagarde said it would raise interest rates earlier than expected in the third quarter. All three major European stock indexes fell, with Germany's DAX down 1.74%.

France's CAC index in Paris fell 1.66%; Britain's FTSE 100 index fell 0.35 percent.

U.S. tech stocks tumbled 40 percent yesterday after Social media company Snap missed earnings after the market closed, sending other larger tech stocks tumbling as well

Declines ranged from 2 to 8 per cent. U.S. economic data also came in worse than expected yesterday, with manufacturing, services and new home sales also falling short of expectations

Gold bottom traditional enterprises, the Dow Jones Index rebounded low, eventually up 0.16%; The STANDARD & Poor's 500 index fell 0.81%; The Nasdaq composite index fell 2.35%. Gold prices still maintain the upward momentum, rising

5. Gold was the biggest beneficiary of the dollar's continued weakness, with the DOLLAR index falling below 102 on expectations of continued INFLATION in the United States, a possible recession in economic performance and early euro rate hikes

It traded as high as $1,869.8 and as low as $1,849.4 before closing at $1,866.5, up $12.8.

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