Weekly

March 16th

Today's amplitude interval

While the market gradually digested the crisis of confidence in the collapse of Silicon Valley banks in the United States, Credit Suisse Group was on the verge of bankruptcy, which triggered a small stock market crash in Europe and avoided risks.

Emotions have sprung up, and the price of gold has maintained its upward trend in a large fluctuation of more than 50 US dollars. The market expects the Fed to have the opportunity to end the interest rate hike cycle early, which is conducive to the continued exploration of gold prices.

Top. Today's suggested volatility is $1,906 to $1,930.

The market gradually digested the crisis of confidence in the collapse of Silicon Valley banks in the United States. The three major stock indexes on Wall Street all rose by more than 1% every other night, and Hong Kong stocks took on the upward trend and successfully rebounded.

The collapse of the Silicon Valley Bank in the United States has become a reality, and the incident has not spread to panic arbitrage, which has largely led to the crisis of confidence. Hong Kong stocks opened higher and closed higher, and the Hang Seng Index.

The market opened up 275 points, up nearly 500 points at most, and finally closed at 19,539 points, up 291 points or 1.5%. The crisis of confidence in the financial market has been unsettled one after another.

Get up After the collapse of the Silicon Valley Bank in the United States, the market just digested this negative message, and at the same time, the crisis of confidence in Europe followed, and Credit Suisse Group was on the verge.

Bankruptcy, and the bank's largest lender, Saudi National Bank, said it would not provide more financial help. Credit Suisse's share price plummeted by nearly 25% at most.

The share price of other European banks also fell, and there was a small stock market crash in Europe, and the German DAX index fell by 3.25%. The CAC index in Paris, France, fell 3.58%, while the FTSE in Britain

The 100 index fell by 3.81%.

Credit Suisse Group is on the verge of bankruptcy, and Saudi National Bank, the bank's largest lender, said it would not provide more financial help. The Federal Reserve is working with

The US Treasury cooperated to review the risk status of Credit Suisse. The crisis of confidence in the financial market was wave after wave, and the US stock market opened sharply, but before the US stock market closed, Switzerland

The government said it would provide liquidity to Credit Suisse if necessary. Wall Street's three major stock indexes eventually developed independently, with the Dow Jones index down 0.87% and the Standard & Poor's 5.

00 index fell 0.64%, Nasdaq composite index rose 0.05%.

The gold market fluctuated greatly. In the early stage, it once fell below $1,900, with a minimum of $1,885.8. After that, Credit Suisse again passed the bankruptcy crisis, which triggered a European crisis.

With the small stock market crash and the emergence of risk aversion, the bulls in the gold market began to fight back, coupled with the poor data in the United States, the market expected the Fed to have the opportunity to end the interest rate hike cycle early.

The price of gold rose, reaching a peak of $1,937.4, and closed at $1,918.7, up $14.8.

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