Weekly

December 12th

Today's amplitude range

The price of gold is still awkward! It is hoped that the market will speed up the normalization of China, which will help solve the global supply chain shortage problem and ease global inflation.

Growth pressure; In addition, when China is marginalized, it seeks to form an alliance with the Middle East, and the RMB has gradually stepped onto the international settlement stage. In the long run, the US dollar is the dominant rhythm.

Disrupted, it is favorable for the gold price to go up. However, the favorable factors of gold price seem to be exhausted, and $1,810 is still difficult to get through. This week, the Federal Reserve announced its last meeting this year.

As a result, although the market expects to raise interest rate by 50 basis points by nearly 80%, the market may have an allergic reaction. Today, 1784 is the watershed for the time being, and if it falls through, it will continue to be bearish. today

Suggested daily volatility is $1,785 to $1,798.

Xi Jinping, president of the State Council, told EU officials visiting China that the lethality of the virus in China was weakening, and the "basket" factor opened the gap, and the market predicted

It is expected that the mainland will speed up the relaxation of epidemic control measures, and the market expects that China's economic activities will speed up the recovery, while the promotion of Hong Kong government to cooperate with mainland measures will also shorten the immediate announcement.

From today's relaxation of quarantine and quarantine time to five days, coupled with the flat expectation of interest rate hike in the United States, the Hang Seng Index closed at 20,000 points last week, closing at 199.

00 o'clock, soaring by 1225 points or 5.56% in a week.

 
The purchasing managers' index of service industry in Germany and France declined, coupled with the negative growth of retail sales in the euro zone. The data was unfavorable to the risk market, and the European stock market failed.

Follow the rising trend of Asian stock markets. On the other hand, Russia said it would not comply with the oil price ceiling measures proposed by the seven major industrial countries, threatening to suspend oil exports, and ordered

Europe's energy crisis has further intensified, and the market's fear of global economic recession lingers. Last week, the three major European stock markets all fell, and the German DAX index fell by 1.0.

9%； Paris CAC index fell by 0.96%; % Britain's FTSE 100 index fell by 1.05%.

Fitch lowered its forecast for U.S. economic growth by 0.3 percentage points to 0.2% last week, mainly because of the tightening of its monetary policy, which was announced on Friday.

The producer price of the furnace is higher than the market expectation, which provides the rationale for the Fed to continue to raise interest rates next year. Investors reassess the path of the Fed to raise interest rates in the future.

The three major stock indexes all fell in a week, with the Dow Jones index falling by 2.77%; The S&P 500 index fell 3.77%; The Nasdaq Composite Index fell 3.99%.

The price of gold stabilized repeatedly last week. After falling nearly $30 last Monday, it rose in the remaining four days to fully recover the decline. The US economic data performed unexpectedly well.

After the market expected, the pressure of the Federal Reserve to raise interest rates triggered negative sentiment in the market. The price of gold was as low as 1765.9 last week, but the market was worried that the global economy was in recession and US stocks fell.

Gold has become a safe-haven investment option. Last week, the gold price peaked at $1,810, and finally closed at $1,797.5, with a slight drop of $0.4 per week.

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