Weekly

August 1st

Today's amplitude range

The gold market successfully turned around last week, and a number of U.S. economic data tables are now going downhill under the tight monetary policy, which also means that prices are going down, and employment and salary may be the last thing to crush the camel.

A reed. Although the market still expects that the Federal Reserve will still propose to raise interest rates in September, there is a chance that the rate hike cycle will end next year due to the compression of inflation. The price of gold has survived the impact of interest rate increase in July,

With the U.S. economy experiencing a technical recession and the U.S. dollar in a downturn, the price of gold is like a bath fire again, and there will still be many opportunities to keep going up this week. Today's suggested volatility ranges from $1,750 to $1,772.

Yuan.

Hong Kong stocks ended last week's decline, falling by 466 points last Friday, which wiped out last Tuesday's increase! Last Tuesday, some mainland media reported that the mainland government was afraid that the explosion of internal rooms would eventually hurt the finance.

System, so the first shot, the State Council intends to approve 300 billion yuan, to provide debt to specific developers, to help them complete the delivery. By the mainland government issuing special real estate bonds to "maintain stability",

Stimulating Hong Kong stocks to rise by more than 400 points, coupled with the US Federal Reserve's announcement of a 75-point interest rate increase last week, the Hang Seng Index finally fell by 452 points or 2.2% to close at 20,156 points. Insert more than 1,700 points in 7 months or

8.3%, obviously underperforming the European and American stock markets!

Last week, the euro zone announced the second quarter GDP, with a quarterly growth of 0.7%, which was higher than the market expectation of 0.2%. In addition, European companies announced their ideal performance, especially the banking stocks bid farewell to 11.

In the era of negative interest rate since, the performance has stood out even more. In a week's summary, the three major European stock markets finally rose across the board, and the German DAX index rose by 1.74%. Paris CAC index rose 3.73

%； The FTSE 100 index in the UK rose by 2.02%, while it rose by 5.48%, 8.87% and 3.54% respectively throughout July. According to the Dallas Fed Manufacturing Enterprise Activity Index, enterprise activity continues to decline,

It seems to reflect the unfavorable economic outlook, and the Federal Reserve announced another 75-point interest rate increase last week, while the US gross domestic product has fallen for two consecutive weeks, showing a technical recession, despite a number of unfavorable news.

Under the pressure, the three major indexes of Wall Street rose instead of falling, because many giant enterprises beat expectations, and the Dow Jones index rose by 2.97% in a week. The S&P 500 index rose 4.31%; Nasda

The composite index of grams rose by 4.45%. In July, it increased by 6.73%, 89.28% and 12.33% respectively.

The gold market rose first and then fell. Last Monday and Tuesday, investors paid attention to the interest rate increase of the US Federal Reserve, and expected the interest rate increase of 75 points. As a result, the price of gold was sold early, and the lowest price dropped to $1,711.6, which was heard at the interest rate meeting.

After the announcement of the announcement and the speech of Powell, chairman of the Federal Reserve, the market interpreted that the inflation in the United States was controlled to some extent, and the market bet that the Federal Reserve would not dare to make another sharp increase in September when the economic data showed uneven performance.

With the interest rate increase, the yield of 10-year U.S. Treasury bonds fell by more than 0.5%. In addition, yesterday, the negative growth of domestic production in the United States for two consecutive quarters was unfavorable to the trend of the U.S. dollar, and the U.S. dollar index fell back from a high of 109 to 105.

The price of gold climbed to the highest level of $1,768. After a week's summary, the price of gold rose by $38.6.

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