Weekly

June 6th

Today's amplitude range

The war in Ukraine continued, which led to high oil prices and increased global production costs. Inflation in Europe and the United States continued to deteriorate, reaching more than 8% at the same time. The central bank unanimously launched a policy of interest rate increase to control it.

Inflation. The interest rate reflects the cost of holding gold, but the market is gradually digesting the rising interest rate. With the aftermath of inflation, it is expected that the price of gold will still fluctuate this week. Today's suggested volatility is $1847 to $1860.

Dollars.

The number of infections in the mainland of COVID-19 has dropped, and the central government has promulgated measures to relax the epidemic control in Beijing and Shanghai, which will help various economic activities to return to normal. In addition, China's Ministry of Finance called yesterday

Open a national conference on financial support to stabilize the economy, encourage all provinces and cities to complete the issuance of special local bonds in June, and get them to the paying enterprises before the end of August to support small and medium-sized enterprises to solve their problems. Summarize for a week,

The Hang Seng Index rose 1.86% or 384 points to close at 21,082 points. The European Commission released the business and consumer confidence index of the euro zone in May, with the data rising from 104.9 points in April to 105.0 points. European stock markets took a small step at the beginning of the week.

Up, but affected by the Russian-Ukrainian war, the global prices of food and energy have soared, and the inflation in Europe has risen above 8%, peaking for the fifth consecutive month. The news that the European Central Bank raised interest rates in advance to suppress inflation is lingering.

No, under the pressure of interest rate increase, the three major European stock indexes fell across the board; In a week's summary, Germany's DAX index fell by 0.01%; Paris CAC index fell by 0.47%; Britain's FTSE 100 index rose 0.69%.

The U.S. stock market fell last week. Global inflation continues to deteriorate. U.S. Treasury Secretary Janet Yellen said that U.S. inflation may continue to rise, saying that the Federal Reserve is actively taking necessary actions, while U.S. employment data is strong.

In May, the number of non-agricultural jobs in the United States increased by 390,000, which was higher than the market expectation. Investors expected that the interest rate hike environment in the United States would be prolonged, and the risk assets would be frustrated. The three major stock indexes in new york all went down. In a week, the Dow Jones index fell.

0.94%； . The S&P 500 index fell 1.2%; The Nasdaq Composite Index fell 0.98%. U.S. Treasury Secretary Yellen spoke last week, admitting that he underestimated the growth rate of inflation, especially the high oil price, and did not rule out the United States.

Inflation will worsen further, and the Federal Reserve is taking necessary measures. Last week, the gold market made a false breakthrough for two consecutive days, reaching a minimum of $1,828.5 on Wednesday, rising above $1,870 on Thursday, and non-agricultural on Friday.

Good data, hit the gold market, the price of gold closed at $1851.1 last week, and after a week's summary, the price of gold dropped slightly by $2.2.

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