Weekly

gone for ever

2022-06-30

June 30th

Today's amplitude range

Central bank governors in Europe and the United States hinted that they would resolutely raise interest rates to suppress inflation. The price of gold was obviously subject to the haze of a sharp increase in interest rates by the Federal Reserve. The gold market fell slightly again yesterday. Jinshijian

The confidence of bulls is being dampened, and the price of gold is still bottoming out. It may take a bigger decline to attract the attention of bulls again. Keep yesterday's suggestion.

Volatility, that is, $1,810 to $1,828.

The US consumer confidence index hit a year-and-a-half low, and the three major indexes of US stocks dropped significantly the next night. Hong Kong stocks were also dragged down on the closing date, and the Hang Seng Index opened nearly 300 points lower, coupled with short-selling machines.

According to the report, the performance of Weilai Automobile was piled up by fraud, which dragged down the performance of automobile stocks and technology stocks. The Hang Seng Index fell by more than 570 points at most, closing at 21996.

Points, down 422 points or 1.88%. Bank of England Governor Bailey said that the salary increase in the UK reflected inflationary pressure, and the wage increase should have reflected the productivity increase, but

However, Britain's wage growth level can't correctly reflect the degree of economic growth, and it will formulate policies to curb the wage increase caused by inflation.

On the other hand, European Central Bank President Lagarde said that the era of ultra-low inflation is gone forever, and inflation is much higher than expected, but it is not only the European Central Bank that has made mistakes, saying that it has

Make it clear what might happen in July. The news that Lagarde raised interest rates early in July and the Bank of England's salary policy made the market uneasy, and the three major European stock markets ended at 3.

Even, Germany's DAX index fell by 1.7%; Paris CAC index fell by 0.92%; Britain's FTSE 100 index fell 0.14%. Federal Reserve Chairman Powell said that the bureau will be very firm.

Use all tools to reduce inflation, suggesting that the means of raising interest rates in the future will not be softened, acknowledging that raising interest rates does have the risk of causing economic recession, but he also reiterated that the U.S.

It is still possible to make a soft landing!

Powell's remarks made the three major indexes of U.S. stocks develop separately, and the Dow Jones index rose by 0.27%; The S&P 500 index fell 0.07%; The Nasdaq Composite Index fell 0.03%. ECB

Lagarde, the president, and Bao Weil, the chairman of the Federal Reserve, said in unison that the era of global low inflation before the epidemic had passed, and the central bank had the responsibility to use tools to stabilize prices.

European and American central bank governors hinted that they would resolutely raise interest rates to suppress inflation. After their speeches, the gold market was obviously under pressure, and immediately fell by nearly $15 from yesterday's high of $1833.1. The gold price

The lowest price was $1,812.1, and it closed at $1,817.8, down $2.3.

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