Weekly

May 30th

Today's amplitude range

The war in Ukraine continued, which led to high oil and food prices, and at the same time stimulated inflation, which increased the global economic burden. Central banks all over the world unanimously launched the policy of raising interest rates to control inflation. Interest rate

The level reflects the cost of holding gold, but the market is gradually digesting the negative energy of rising interest rates. Under the aftermath of inflation, I believe the price of gold will fluctuate. Today, the volatility suggested last Thursday is still maintained, that is, 1842.

To $1,861.

With the rebound of a new epidemic in China, the downward pressure on the economy is gradually increasing. Following the announcement of the reduction of loan interest rates for loans over five years in China, the Ministry of Finance of China requires the financing guarantee institutions of local governments to release

We should extend credit and speed up approval, and lend to qualified industries as soon as possible, so that new water can enter the market, and ultimately help SMEs tide over the difficulties. Chinese Premier Li Keqiang presided over a conference called

In the teleconference of "Stabilizing the National Economic Market", he also admitted that the domestic economy was full of crisis, and the market hoped that the mainland would introduce stimulus measures one after another. The Hang Seng Index finally narrowed its decline and closed at the newspaper.

20697 points, priced at one week, fell by less than 20 points. European Central Bank President Lagarde said that she would start raising interest rates in the third quarter ahead of this year. She said that inflation in Europe was coming due to the Russian-Bird War.

It has been at a high level for nearly 40 years, but then Lagarde added that as long as inflation expectations are under control, the central bank will gradually adjust interest rates, implying that it will not raise interest rates by 0.5% at one time.

Lagarde's suggestion made the market tension slow down, and Germany's GDP increased by 4% year-on-year in line with expectations. The three major European stock indexes rebounded across the board. In a week's summary, Germany's DAX index rose by 3.44%;

Paris CAC index rose by 3.67%; Britain's FTSE 100 index rose 2.65%. Last week, U.S. stocks got rid of the decline in the past two months, and the three major stock indexes in new york opened higher and closed higher last week. The United States last Wednesday

The minutes of last month's Fed meeting on interest rates predicted that the growth of personal consumption will enter the Fed's target range next year, which may mean that its interest rate increase policy and scale reduction will be effective, and the interest rate increase will begin this year.

Cycle, which may end next year; In addition, most Fed officials supported raising interest rates by 0.5% in the next few meetings, which fulfilled market expectations. The US stock market has been down for more than seven weeks, and there are investors.

Take the opportunity to get the bottom, contributing to the recent strength of U.S. stocks.

The U.S. stock market has fallen for more than seven weeks, and investors took the opportunity to bottom out, which contributed to the strong rebound of U.S. stocks last week. In a week, the Dow Jones index rose by 6.24%; . The S&P 500 index rose 6.5%; Nasdaq

The composite index rose by 6.8%. Benefiting from the market's expectation that the inflation problem in the United States is still serious, and the economic performance may decline, the gold market rose at the beginning of the week, and the price of gold repeatedly tried to break through $1,870, but the bears refused to let it go and stayed with the United States.

The Federal Reserve announced the minutes of the meeting on interest rates, predicting that the growth of personal consumption will enter the target range of the Federal Reserve next year, which may mean that its policy of raising interest rates and shrinking the table will effectively suppress inflation, and the rise of gold prices will narrow.

Last week, the gold price reached a low of $1,840.8 and a high of $1,869.8, and finally closed at $1,853.2, which rose by $6.6 in a week.

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