Weekly

July 5th

Today's amplitude range

There was a strong wait-and-see atmosphere in the gold market. Investors paid attention to the minutes of the June meeting released by the Federal Reserve on Wednesday and the non-agricultural data of the United States. The gold market was relatively calm and high yesterday.

The volatility is only over $10. The price of gold rebounded strongly from the bottom of last Friday's test to below 1780, and it has seen support in the short term, so it can wait for low speculative buying. Maintain yesterday's proposal.

Volatility, from $1,803 to $1,822.

The State Council upgraded the currency swap arrangement between China and Hong Kong to the standing swap arrangement, and increased the swap scale by 60% to 800 billion yuan or 40 billion Hong Kong dollars to further

Deepen the financial cooperation between the Mainland and Hong Kong, better support the construction of international finance centre, and promote the steady development of the offshore RMB market in Hong Kong. This arrangement is beneficial to investors.

Manage the interest rate risk of RMB assets, deepen the financial cooperation between the two places, and further consolidate the status of international finance centre.

Hong Kong stocks opened lower by 169 points, and the Hang Seng Index fell by more than 400 points at most. However, with the State Council's gift after July 1st, it approved to upgrade the currency swap arrangement between China and Hong Kong. This policy includes

In addition to deepening the financing business of the two places, it is especially beneficial for Hong Kong as an international investor to purchase RMB assets through Hong Kong and further consolidate international finance centre's position.

The news stimulated the HSI's decline to narrow to 29 points or 0.13%, closing at 21,830 points. The EU is facing the problem of financial fragmentation. Due to the hyperinflation caused by the Russian-Ukrainian war, the investment

Investors from Portugal, Italy, Greece, Portugal and other high-debt European pig countries flowed out to Germany, which made the debt interest in southern Europe and Germany become wider and wider, Vice President of the European Central Bank

President Guindos said that the excessive differentiation of government bond yields will lead to financial instability. If the fragmentation continues, it will not rule out another European debt crisis in the medium and long term, and the central bank needs to

Continue to normalize European monetary policy.

The three major European stock markets developed separately, with the German DAX index falling by 0.23%; Paris CAC index rose by 0.4%; Britain's FTSE 100 index rose 0.89%. American stock market holiday

Closed. Monday's Independence Day holiday in the United States, coupled with the release of non-agricultural data in the United States this week, and the announcement of June meeting minutes by the Federal Reserve on Wednesday; The market has a strong wait-and-see atmosphere, and the gold market is full of waves.

The price of gold was only over $10, the highest price was $1814.4, the highest price was $1804, and finally it fell by $2.4 to $1807.1.

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