Weekly

Reverse, reverse again

2022-11-03

November 3rd

Today's amplitude range

The change of gold price is reversed, reversed, and then reversed! . A small number of non-agricultural news, the price of gold stepped down, the Federal Reserve announced the results of interest rate discussion as expected, and the price of gold actually soared to

US$ 670, but Federal Reserve Chairman Powell hammered it out, saying that the previous policy had not seen any effect, saying that according to the data since the last meeting, the most

The final interest rate will be higher than they expected! The price of gold plunged again, returning to Monday's closing price. Under the pressure of raising interest rates, the gold market is still easy to fall but difficult to upgrade.

Bureau. The suggested volatility today is $1,630 to $1,644.

Yesterday, when the typhoon hit Hong Kong, the Hong Kong Stock Exchange closed early, and Hong Kong stocks took on the momentum of Tuesday's clip warehouse, and then rose again. Typhoon "Niger" was not sensible and forced its way around Hong Kong.

During the international financial leaders' investment summit in Hong Kong, during which the political departments of Hong Kong coordinated in an orderly manner, the Observatory changed the signal No.8 at 1: 40 pm.

The meeting started smoothly in the morning; Looking forward to the relaxation of epidemic prevention measures in the mainland in the first quarter of next year, Hong Kong stocks continued their early rebound momentum yesterday, and the Hang Seng Index opened higher and closed higher.

The Hang Seng Index rose more than 400 points at most less than an hour after the market opened in the afternoon, and finally HKEx closed early at 1: 55 minutes under the influence of typhoon, closing at

5,827 points, up 371 points or 2.4%.

The purchasing managers' index of the manufacturing industry in the euro zone is worse than expected, with the latest data reported at 46.4, which is lower than the market expectation of 46.6, indicating that the economy is still in recession.

In addition, the market is waiting for the results of interest rate discussion announced by the Federal Reserve later. Venture capitalists tend to be conservative. The three major European stock markets all fell, and the German DAX index fell by 0.62.

%; Paris CAC index fell by 0.98%; Britain's FTSE 100 index fell by 1.35%. Yesterday, U.S. stocks opened down to meet the heavy information of the market, not the beauty.

As a result of the Fed's interest rate discussion, the market decided that it was imperative for the Fed to raise interest rate by 0.75% this month. Instead, it was Powell, the director of the Federal Reserve, who wanted to raise interest rates in the future.

Degree is the focus of technical investors. Powell said after the meeting on interest rates that the previous policy had not seen any effect, saying that according to the data since the last meeting,

The final interest rate will be higher than they expected.

Powell's wording caused the US stocks to rush in, and the Dow Jones index fell by 1.52%; While the S&P 500 index fell by 2.52%; The Nasdaq Composite Index fell 3.66%. gold

The market is double-killing, and two heavy news make the change of gold price reverse, reverse, and then reverse! The price of gold rose to $1,658 in the early stage, and the growth of small non-agricultural data was announced.

Better than the market expectation, the price of gold gradually fell back to the opening level. Following the announcement of the US interest rate by the Federal Reserve, and as the market expected, the interest rate was raised by 75 points, and the gold market again

It soared to a daily high of $1,669.5. However, Powell explained that although the rate hike could slow down as soon as December, the rate hike cycle might be longer, and the gold market would again

At present, the gold price reached a low of $1634.8, and finally closed at $1635.3, down by $12.6.

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