Weekly

October 28th

Today's amplitude range

The economic data released by the United States are mixed, and the gold market lacks direction, with the volatility narrowing slightly to $16. The market is obviously waiting for the US Federal Reserve to raise interest rates next week.

As a result, the gold market is expected to remain in a competitive situation. Today's suggested volatility is $1,655 to $1,672.

The Bank of Canada unexpectedly raised interest rates by only 0.5%, which is lower than the market expectation. Investors expect that the US Federal Reserve will slow down the rate hike, which will benefit the risk market, and then add

Last night, the Jinlong Index, which reflects the general technology stocks, rose. The leading technology companies listed in Hong Kong opened sharply yesterday, and the Hong Kong stock market opened more than 400 points, up 5% at most.

At 15: 00, it reached 15,833, but the selling pressure increased at a high level. Before the market closed, most of the gains were retreated, and the Hang Seng Index finally rose only 110 points or 0.7% to close at 15,427 points.

The European Central Bank announced the results of interest rate discussion yesterday, raising the three major interest rates by 75 points, in line with market expectations. This interest rate hike is the second time in a row that Europe has increased sharply.

The interest rate is increased by 0.75%, but the inflation situation in the euro zone has not improved, and the recent annual inflation rate is as high as 9.9%.

European Central Bank President Lagarde said that the inflation rate in the euro zone is still severe and continues to be higher than the neutral interest rate of the central bank, indicating that the European Central Bank is likely to

Continue to raise interest rates in the next few meetings. The three major European stock markets developed individually, with Germany's DAX index rising by 0.12%; Paris CAC index fell

0.51%； Britain's FTSE 100 index rose 0.23%. U.S. stocks share weal and woe. The Dow Jones index, which represents traditional enterprises, rose for five days in a row, but the Nasdaq Composite Index,

And the S&P 500 index, which includes representatives of technology stocks, fell for two consecutive days. Affected by the pressure of interest rate increase, technology stocks with higher P/E ratio have become the targets of reduction.

Coupled with the mixed corporate performance announced yesterday, the three major indexes of Wall Street developed individually, with the Dow Jones index rising by 0.62%; While the S&P 500 index also fell.

0.55%； The Nasdaq Composite Index fell by 1.63%.

The economic data released by the United States are mixed. The GDP of the United States in the third quarter was better than expected, but the year-on-year income was worse than the market expectation. Labor data

On the other hand, the number of initial jobless claims continued to increase last week, but the growth rate was lower than that of the market. However, the core durable goods orders have unexpectedly regressed, and the gold market is short.

Lack of direction, the volatility narrowed slightly to $16. The highest gold price was $1,670.9, the lowest was $1,654.8, and finally closed at $1,664.8, up 1.4 US dollars.

Yuan.

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