Weekly

June 21st

Today's amplitude range

Investors wait and see US Federal Reserve Chairman Powell's speech on Wednesday for two consecutive days, and the gold market is relatively quiet. It is expected that the Federal Reserve will use all means to raise interest rates to suppress inflation,

The interest rate reflects the cost of holding gold, but there is a hidden phenomenon of higher inflation behind the interest rate hike. The gold market is still expected to rise further, but it can be absorbed at a low price. Maintain yesterday's suggested volatility,

That is, $1828 to $1845.

China announced the quoted loan market interest rate in June yesterday, maintaining the official one-year and five-year interest rates at 3.7% and 4.45%. Even so, according to Ke Holdings Inc., a mainland housing agent

The research points out that banks continue to give concessions to real estate developers, and continue to lower mortgage rates in key 103 mainland cities, with the first and second home loan rates being 4.42% and 5.09% respectively.

Both of them have hit a low level since 2019, and the news led to a sharp rise in home stocks yesterday. Before the end of last week, European and American stock markets plunged sharply. Investors entered the market cautiously yesterday, and Hong Kong stocks finally fell first and then rose.

Closed at 21,163 points, up 89 points or 0.42%.

European stock markets plunged more than 4% last week, the second worst week since the Russian invasion of Ukraine. Although Europe's economic prospects are blocked; War in Eastern Europe and Global Supply

Tension has led to worsening inflation, and the market expects the risk of recession to increase. However, yesterday, there were still speculators who took the opportunity to rebound in the market. The three major European stock markets fluctuated and rose, and the German DAX index rose by 1.04%.

Paris CAC index rose by 0.64%; Britain's FTSE 100 index rose by 1.58%.

American stock market holiday. Central banks around the world are raising interest rates one after another, but the Federal Reserve is more hawkish. Federal Reserve Brad said yesterday that the authorities must go to quantify the distance of tightening policy.

It won't be far away; The market understands that in order to suppress inflation, the Federal Reserve will exhaust the means of raising interest rates. June holiday in the United States, plus investors' wait-and-see on the upcoming announcement by US Federal Reserve Chairman Powell

Speech, the gold market is relatively light and clean, with a volatility of less than $12. The lowest gold price once reached $1,834.8, the highest gold price reached $1,846.1, and finally closed at $1,838.4, down $2.

For detailed analysis and operation suggestions, please CLICK the following link to join the group and ask the administrator.
https://t.me/mingtak