Weekly

May 10th.

Today's amplitude interval

The bad relations between China and Canada, and the imminent US debt default, contributed to the upward trend of the gold market, and the price of gold returned to the 2030 floor. There is American inflation tonight.

The data is released and it is worth keeping. Today's suggested volatility is between $2020 and $2040.

China and Canada have bad relations and expelled domestic diplomats from each other; This storm shows the mainland that China welcomes foreign investment to the whole world, especially to western countries.

As a result, Hong Kong stocks opened lower and closed lower. The Hang Seng Index opened 44 points lower. China was accused by Canada of trying to threaten public officials in China, and Chinese stocks became scapegoats.

The Hang Seng Index finally fell below the 20,000 mark to close at 19,867 points, down 429 points or 2.1%.

The problem of American debt default has become a hidden danger, which brings uncertainty to the financial market. Investors are deeply worried about whether the President of the United States can solve the problem in a short time.

On the other hand, the market is also waiting to see the inflation data released by the United States tonight to judge the interest rate policy of the Federal Reserve. The three major European stock markets fell across the board, while Germany

DAX index fell 0.02%, CAC index in Paris fell 0.59%, and FTSE 100 index in Britain fell 0.18%.

US President Biden met with President McCarthy of the US House of Representatives to promote the consensus of the two associations, but there are huge differences between the democratic and Republican parties. Biden expects to establish communication.

In order to reach a consensus. However, Biden was born and basically would not accept the Republican Party's preconceived issues, so he proposed this morning to consider using his power.

After the 14th amendment on the debt. If Biden rushes to raise the debt ceiling, it will certainly solve the urgent need, but at the same time it will tear the Republican Party.

The relationship between a gain and a loss! Wall Street's three major stock indexes fell across the board, with the Dow Jones index down 0.17%, the Standard & Poor's 500 index down 0.46%, and the Nasdaq Composite Index down 0.46%.

The composite index fell by 0.63%.

Geopolitics is even more tense. Canada is suspected of sending people to threaten public officials in China and deport them. China countered and demanded to add.

The Chinese diplomat in Shanghai left the country, and the conflict made the gold market rise; Coupled with the imminent US debt default, US General Biden and US House Speaker McCarthy

There was no result at the long meeting. The highest price of gold was $2,037.7, and the lowest was $2,018.6. Finally, it closed at $2,034.5, up $13.1.

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