Weekly

June 22nd

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. Today's suggested volatility is $1820.

To $1,842.

Li Keqiang, Premier of the State Council of China, said that near the peak period of electricity consumption in summer, power plants should be encouraged to release coal production capacity, further strengthen power supply, and resolutely prevent power cuts to avoid the impact.

People's livelihood and economic activities. The market welcomes Li Keqiang's remarks and looks forward to the normalization of global production. Hong Kong stocks opened nearly 100 points higher yesterday, and followed the rise of the US stock futures market in the afternoon. Hang Seng Index

The closing price finally closed at 21,560, close to the full-day high, up 396 points or 1.87%. European stock markets plunged more than 4% last week, the second worst performance since the Russian invasion of Ukraine.

A week. Although Europe's economic prospects are blocked, investors continue to take advantage of the low absorption, and the U.S. stock market opened sharply. The three major European stock markets rose for two consecutive days, and the German DAX index

0.37%; Paris CAC index rose by 0.84%; Britain's FTSE 100 index rose 0.46%.

Last week, the market worried that the Fed's sharp interest rate hike would trigger the risk of economic recession. The three major stock markets in the United States recorded the biggest weekly decline since March 2020; But yesterday

On the return of the US stock market holiday, Baldin of the Federal Reserve said that if there is an economic recession in the process of inflation normalization in the United States, then it will be mild and a soft landing is possible; wind

Insurance investors came back with a big counterattack. All three major indexes on Wall Street rose by more than 2%, and the Dow Jones index rose by 2.151%. The S&P 500 index rose 2.45%; The Nasdaq Composite Index rose 2.51%.

The central banks around the world are raising interest rates one after another, but the Fed's eagle state is tougher. Federal Reserve Baldin said that the US economy has a chance to land softly, and the market risk aversion is slightly.

Cooling, coupled with investors' attention to the contents of the speech to be delivered by Powell, chairman of the US Federal Reserve, this evening and tomorrow, the gold market is relatively quiet, with the volatility of less than $12 for two consecutive days, and the gold price is at

The lowest price was $1,830.8, the highest price was $1,842.7, and finally closed at $1,833.1, down $5.3.

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