Weekly

September 28th

Today's amplitude range

Yesterday, the gold market rebounded after a false breakthrough, but the U.S. data was strong, and the U.S. dollar continued to strengthen in anticipation of interest rate hike. The gold price will repeatedly test the support of $1,624.

Force, the price of gold has not changed, and it is heading for $1,600, falling below $1,624 and stopping at $1,630. Today's suggested volatility is $1612 to $1630.

Dollars.

Yesterday, Hong Kong stocks fell first and then rose, finally breaking the four-day losing streak. At present, on National Day, the State Council introduced more relief measures to enterprises yesterday, suspending the administration of all industrial and commercial organizations.

Government administrative payment and security deposit, the amount of two holdovers is expected to reach 116 billion yuan. After the Hong Kong stock market opened lower by 16 points, it fell by more than 200 points in the morning.

See the low of 17,648, hitting a new low of nearly 11 years. In the afternoon, news of maintaining stability appeared. In addition, the market expects that the "Eleventh" Golden Week will boost tourism and catering consumption and related stocks.

Helping the market rebound, the Hang Seng Index rose 5 points or 0.03% to 17,860 points.

After Russia invaded Ukraine, NATO alliance imposed sanctions on Russia, and Russia retaliated by cutting gas supply to Europe. Two Russian natural gases

The pipeline exploded yesterday, and it remains to be investigated whether someone deliberately damaged it, but it is vowed that it will affect the price of natural gas and force inflation in Europe to rise. Europe three

The big stock market fell across the board, with the German DAX index falling by 0.72%; Paris CAC index fell by 0.27%; Britain's FTSE 100 index fell 0.55%. Global inflation

No, Federal Reserve Chairman Powell said that many people in the bureau expect to raise interest rates by another 100 ideas before the end of the year, while others expect to raise interest rates by a total of 125.

Son, stimulate the interest rate of the bond market to keep rising. Yesterday, the yield of 10-year U.S. Treasury bonds rose to the highest of 3.972%.

The rising expectation of bond returns directly affects investors, and U.S. stocks gradually fall into a bear market. The S&P 500 index fell nearly 25% this year. Yesterday,

Another drop of 0.21%, the Dow Jones index fell by 0.43%, nearly 21% lower than this year's high; The Nasdaq Composite Index rose 0.16% yesterday, but it has fallen since 2022.

Over 32%. US durable goods orders fell by 0.2% in August, while the consumer confidence index rose to a five-month high of 108 in September. Chicago Fed President Evans

Yesterday, it said that the Federal Reserve needs to raise interest rates by at least one percentage point this year. The U.S. dollar continues to strengthen, with the yield of 10-year U.S. Treasury bonds approaching 4%. The gold market is subject to U.S. data.

To limit the increase, the gold price rebounded after the false breakthrough, reaching a high of $1,642.5, and finally closing at $1,629.5, up by $6.6.

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