Weekly

The Sino-US trade conference originally scheduled for August 15 was successfully held the day before yesterday after several hard work. The meeting on that day was described as a good atmosphere and constructive;

Both sides also agreed to create more favorable conditions and maintain communication in the future, and continue to promote the implementation of the first-stage agreement. The Trump administration of US President is also satisfied with China's implementation of the first-stage trade agreement.

When everyone thought that the trade conference would break the ice for the relations between the two countries, Trump did not play cards according to common sense, and tried to attack China yesterday, putting 24 Chinese enterprises on the entity watch list.

The U.S. State Department has imposed visa restrictions on some Chinese individuals, which means that companies and individuals involved in China's construction of islands and reefs with sovereignty disputes in the South China Sea and its military operations.

This action seems unexpected, but it is reasonable to think deeply. Trump has been officially nominated as the presidential candidate of the Republican Party of the United States. In order to enhance his popularity, he showed that he wanted money and money.

In order to have the ability to face each other, one hand is counting China, while the other hand continues to attack China, but the attack this time is on the military level! The filth of politics was understood by real Hong Kong people last year!

Last night, the United States released data that the economy was favorable to the US dollar. First, the US core durable goods orders increased by 2.4% last month, which was better than expected, which was unfavorable to the trend of gold price. After the news was released, the price of gold dropped from a low of 1910 US dollars per ounce to 1902 yuan per ounce.

Stay close to the 1900 level. Another data is the crude oil inventory in the United States last week, which decreased by 4.7 million barrels, reflecting that the American people not only showed signs of stability in long-term consumption, but also saw that the people have become accustomed to the epidemic.

Slowly returning to daily life, the increase in gasoline is also increasing. It was thought that the data favorable to the US dollar would push down the gold price further. After falling to 1902 US dollars per ounce, investors who knew the goods entered the gold market one after another.

In three minutes, the turnover reached 4.6 thousand lots, with a market value close to 900 million US dollars. In addition, the market expects that the annual speech delivered by Federal Reserve Chairman Powell will allow inflation to rise slightly, causing the US dollar to soften to below 93.

Long-position investors immediately took control of the gold market, and the price of gold kept rising, finally closing at the highest level of $1954 per ounce yesterday.

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