Weekly

June 28th

Today's amplitude range

The G-7 summit announced a ban on the import of Russian gold, hoping to hit Russia's income and achieve an earlier ceasefire. Short-term consumption stimulated the gold market to rise,

But after the virtual fire, it can't be sustained. The gold market is still trying to bottom out, but it can wait for low absorption. The suggested volatility today is $1,816 to $1,832.

Yi Gang, governor of the People's Bank of China, said yesterday that China's inflation is relatively stable, and the work of the People's Bank of China will maximize the price stability as the premise, and adopt a looser currency

Policies will continue to support economic recovery. The mainland rescue signal is obvious, coupled with the sharp rise of US stocks last Friday. The Hang Seng Index opened 257 points higher yesterday, up to nearly 700 points, but at noon in Tencent

It was announced that major shareholders had reduced their holdings, and the news dragged down the increase of the market to narrow. Finally, the Hang Seng Index closed at 22,229, up 510 points or 2.35%. Leaders of the Group of Seven Industrialized Countries gathered in Germany,

Continue to discuss issues related to the global economy. At the summit, an initiative called "Global Infrastructure and Investment Partnership" was put forward.

This theme is obviously aimed at the infrastructure project in the belt and road initiative, China, which plans to raise $600 billion in five years to provide infrastructure for developing countries.

Funds, it is expected that the project can revitalize many countries in Eastern Europe, which is half good news for Eastern Europe still caught in the war; The three major European stock markets developed separately yesterday,

German DAX index rose by 0.53%; Paris CAC index fell by 0.43%; Britain's FTSE 100 index rose 0.64%. U.S. stocks rebounded strongly last week, with three major indexes on Wall Street

The average weekly increase exceeded 6%, but yesterday's increase failed. The United States announced the Dallas Fed Business Activity Index in June.

The figure recorded a new low since May 2020, with a negative 17.7. The data affected investor sentiment. U.S. stocks fell yesterday, and the Dow Jones index fell 0.19%; S&P 500 Index

The number fell by 0.29%; The Nasdaq Composite Index fell 0.87%. The Russian invasion of Ukraine entered the fifth month, and the western countries continued to sanction the Russian president's military actions.

To increase its economic sanctions, the G-7 summit announced a ban on the import of Russian gold, hoping to hit Russia's income and achieve an earlier ceasefire. Supply and consumption

Stimulate the gold market to rise for a short time, and the highest price of gold is $1841.1. However, Russia even has a way to export oil, and the wishful thinking of the G-7 summit may fail, and the price of gold will follow.

After softening, the lowest price was $1,820.9, closing at $1,822.7, down $4.6.

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