Weekly

On December 23rd

Today's range

Gold was hit by a rally in the U.S. dollar index on strong U.S. economic data and lingering concerns about the Federal Reserve's interest rate hike. Gold tried $1,784 again yesterday

Support is rebound, the position obviously can not fall through, otherwise the decline intensification. Today's recommended range is $1784 to $1800.

Hong Kong stocks continued to track overnight gains on Wall Street, opening more than 300 points higher after Chief Executive Li Jiachao arrived in Beijing for a briefing amid hopes of a mainland move to Hong Kong

A number of retail and consumer stocks performed well with gains ranging from 4 to 15 per cent. Trading volume was also positive across the market, with more than a day's turnover

Hk $101.5 billion, more than 45 per cent higher than the previous day. The Hang Seng Index rose 518 points or 2.71 percent to 19,679. British domestic production in the third quarter of this year

The final quarter-on-quarter decline of 0.3% was worse than expected and came as the World Trade Organisation said global trade activity could weaken in the fourth quarter of this year.

And estimates that weakness will extend into the first quarter of next year. The weakening sentiment, coupled with U.S. economic data, has heightened investor expectations for further rate hikes by the Federal Reserve

Europe's three major stock markets retreated, with Germany's DAX down 1.3%; France's CAC index in Paris was up 0.95 percent, while Britain's FTSE 100 was down 0.37 percent.

Poor results from US chip stocks yesterday, coupled with reports from several investment banks downplaying the economic outlook for next year and strong US economic data,

A broad group of leading technology stocks fell more than 2 percent on worries about the Federal Reserve's interest rate hike. Wall Street's three major indexes plunged

Three gains, the Dow fell 1.05%; The S&P 500 was down 1.45 percent; The Nasdaq composite index fell 2.18%. Us economic data has been strong, which

China's gross domestic product rose 3.2 percent on a quarterly basis, about 10 percent higher than market expectations, and core price inflation was also higher than market expectations, despite new unemployment claims last week

Gold numbers rose, but still below market expectations, as fears of Fed rate hike resurfaced, USD index rose to 104.4 level and gold was pressured lower.

Gold reached a high of $1,820.5 and a low of $1,784.9 before closing at $1,792.6, down $22.

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