Weekly

August 26th

Today's amplitude range

The gold market rose for three days in a row, but it was obviously restricted by the 50-day moving average of $1,768, closing close to the 20-day average of $1,758. While the wait-and-see atmosphere in the gold market remains.

Strong, waiting for Federal Reserve Chairman Powell's comments on monetary policy and economic prospects at the annual meeting of global central banks tomorrow. The future development route of gold price has not yet

It's more appropriate to be bright and clear. The suggested volatility today is $1,748 to $1,768.

Premier Li Keqiang presided over the State Council executive meeting on Wednesday, saying that the domestic economy had calmed down in June and resumed its development momentum, and that in order to consolidate the economic recovery

After the foundation of development, 19 successive policies and measures to stabilize the economy will be deployed, and it is decided to increase the quota of policy-oriented development financial instruments by more than 300 billion yuan, and allow local

One city, one policy, improve the flexibility of aid. With the increase of water pipes in the Mainland to save the market, the performance of Hong Kong stocks is contrary to the earlier fatigue. In the morning, the Hong Kong Observatory only got half a day's market after the typhoon signal No.8 was lowered.

Under the circumstances, the Hang Seng Index rose nearly 700 points to close at 19968, up 699 points or 3.63%.

 
Although the European Central Bank had to raise interest rates in the face of high inflation, in the case of shrinking the table, because the European economy is still not performing well, there may be some problems among the member countries.

There are still differences. Foreign media reported that the European Central Bank will not make a decision to end its 3.3 trillion euro asset purchase plan due to the pandemic before September!

The European Central Bank's water collection action has the opportunity to be extended. Coupled with the ideal performance of German economic data, the three major European stock markets all rose, and the German DAX index rose by 0.4%; Paris, France

CAC index fell by 0.08%; Britain's FTSE 100 index rose 0.13%.

Yesterday, the U.S. economic data performed well, stimulating a sharp rise in U.S. stocks. The US Department of Commerce announced that the GDP in the second quarter contracted more than originally expected.

Yes, the figure decreased from 0.9% in the first quarter to 0.6%, while the market expected negative 0.8%; In addition, the revised quarterly profit of enterprises increased by 9% from the previous month.

It shows that corporate revenue is still growing; In addition, the number of new jobless claims has dropped, which has eliminated the worry that the American economy will land hard. The three major Wall Street stock indexes finally

It rose more than 1%, the Dow Jones index rose 0.98%, the S&P 500 index rose 1.46%, and the Nasdaq Composite Index rose 1.67% to close. The gold market rose for three consecutive days, the highest.

It rose to an average of $1,765.6 in the past 50 days, but the latest economic data of the United States showed strong performance. The ideal data reduced the demand for safe haven, and the market was still waiting for the United States.

Powell, chairman of the Federal Reserve Board, commented on monetary policy and economic prospects at the annual meeting of the global central banks tonight. The price of gold has narrowed, and the lowest price of gold is $1,750.

It closed at $1,758.4, up $6.9.

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