Weekly

September 27th

Today's amplitude range

The pound hit a record low, which contributed to the strength of the US dollar, and the yield of two-year government bonds rose to 4.35%, all of which were unfavorable to the gold market. The price of gold is still bottoming out, and it fell through yesterday.

$625 closed, is it opening support to continue the downward trend, or is it a false breakthrough? Believe in the latter. Although the price of gold has not changed, it can still be below $1,625.

Rebound. The suggested volatility today is $1,623 to $1,642.

Affected by the active interest rate increase policy of many central banks, the sentiment of venture investors became negative, and Hong Kong stocks fell for four consecutive trading days. Although the Hong Kong Government announced the relaxation of entry last Friday

Measures, but the news didn't help the market atmosphere. Hong Kong stocks opened lower by 151 points. Britain increased the government deficit due to the tax reduction scheme. The pound was looked down by the market, and plunged 5% yesterday. There are

Financial stocks in the European background plunged, and the slimmed-down elephant also attracted ants. HSBC fell more than 7% and became the culprit. Yesterday's decline dragged down the market by 112 points.

The Hang Seng Index also fell only 78 points or 0.4% yesterday to 17,855 points.

After the Bank of England announced a 0.5% interest rate increase at its interest rate meeting last Thursday, it warned that Britain might be in recession. British Chancellor of the Exchequer Guan

On the next day, Hao Ting proposed a series of tax reduction schemes to stimulate the economy, including lowering the basic tax rate of personal income tax, freezing corporate tax, and cutting property stamp duty.

In addition to direct tax incentives, there are also subsidized energy bill plans, etc. However, this will also increase the deficit of the British government, and the target of issuing bonds will be increased by 45% to 2,500 this financial year.

Billion dollars. The market is worried that Britain's stimulus plan will stimulate inflation again and further accelerate the economic recession. The pound fell below the converted price of 1.1 against the US dollar, hitting a record 1.03 yesterday.

A record low.

As inflation worsens, central banks all over the world are competing for the sharpest rate hike. Sweden, the first country in Europe to implement negative interest rates, raised interest rates by 100 points last week, exceeding

The more 75 ideas of the Federal Reserve! And the European Central Bank schnabel said that although the euro zone is facing an economic downturn, the central bank has to mention it because inflation is still high.

If interest rates rise, they need to continue to rise; The three major European stock markets developed separately, with the German DAX index falling by 0.44%; Paris CAC index fell by 0.24%; British FTSE 100

The index fell by 0.07%.

Global inflation remains high, and central banks have to take the risk of economic recession and continue to raise interest rates. The interest rates of long-term and short-term debt in the United States are upside down, reflecting the phenomenon of economic decline. Yesterday, two-year treasury bonds

The yield rose to 4.35%, and the yield of 10-year treasury bonds also rose to 3.9%. The rising interest rate directly affects investment participants, and US stocks fell sharply yesterday, saying

The Jones index fell by 1.11%, the S&P 500 index by 1.03% and the Nasdaq Composite Index by 0.6%. The dollar continued to strengthen, and the price of gold fell repeatedly. Britain last Friday

Announced that the tax reduction plan will increase the government deficit, the pound was looked down on by the market, and plunged by more than 9% in two days, which contributed to the strength of the US dollar. In addition, the active interest rate increase policy of the global central bank is

Pushing up the yield rate, the yield rate of two-year U.S. Treasury bonds rose to 4.35%. The appreciation of the U.S. dollar, coupled with the low risk and considerable yield rate of Treasury bonds, hit the gold market, and the price of gold continued.

Fell, the gold price peaked at $1,649.8, dropped to $1,621.2 and closed at $1,622.8, down $21.1.

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