Weekly

August 16th

Today's amplitude range

Affected by the poor performance of China's economic data, investors are worried that Chinese consumers will reduce their purchases of gold ornaments. After the market opened, the gold market kept falling, reaching the psychological barrier of $1,800.

No guarantee. However, this kind of news may not hold the price of gold for a long time, but the trend of interest rate is more influential. I still believe that the price of gold will consolidate below 1800 and regain its upward trend. Today's suggestion wave

From $1,770 to $1,785.

Recently, the financing difficulties in the mainland market, especially in-house enterprises, have become even more difficult. Yesterday, the People's Bank of China unexpectedly lowered the medium-term lending facility and reverse repo rate, hoping to make it a market

Increase in circulation to stimulate the economy, but yesterday, China's economic data went bad all over the country, and Hong Kong stocks fell under pressure. The Hang Seng Index closed down by 134 points or 0.67% to 20040, and the turnover even fell to 3.

The lowest in months, only 73.8 billion yuan. European stock markets have not been affected by the deterioration of China's economy, but it is obvious that the market is wary of the market outlook, and investors are chasing low-risk defenses.

Sex stocks, insurance stocks and medical stocks led the market. All three major European stock markets rose, and the German DAX index rose by 0.15%. Paris CAC index rose by 0.25%; British wealth

The 100 index rose by 0.11%.

The inflation data released by the United States last month showed that the inflation trend is expected to peak. The market expects the Fed to raise interest rates sharply in September, and the US economy has the opportunity to follow the Fed's will to soften.

Landing. U.S. stocks failed to rise last week, and the market opened down again, but the yield of U.S. bonds fell, which benefited the risk market. The three major stock markets on Wall Street finally rose across the board, and the Dow Jones index

0.45%; The S&P 500 index rose 0.4%; The Nasdaq Composite Index rose 0.75%. China's economic data has fallen across the board, and investors are worried that the performance of the world's second largest economy will be affected.

Global market, but instead of taking advantage of the rising risk, the price of gold has not benefited. On the contrary, it has kept falling with the news, because Chinese consumers are the main supporters of gold ornaments, and the price of gold is the lowest.

At $173.1, the closing decline narrowed slightly, closing at $1779.6, still down by $22.4.

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