Weekly

May 18th

Today's amplitude interval

The US debt ceiling problem was successfully defused, and the safe-haven function of gold plummeted. US President Biden and opposition leader McCarthy negotiated on the US debt ceiling.

It is expected that an agreement will be reached by the end of this week, and a bill will be passed to raise the debt ceiling before the deadline of June 1 to avoid the United States falling into debt default.

The gold market fell for two consecutive days. Yesterday, the gold market tested the support of $1,982 at the bottom line of the demand area, and the closing price calculation was lucky, otherwise it would have to be seen again.

Flag support made from March 9 to April 6, the position is $1970. Today's suggested volatility ranges from $1978 to $1993.

The data of the "troika" in the Mainland stalled, and the industrial production value, retail sales and fixed investment were all lower than market expectations, indicating that after the announcement of the epidemic in the Mainland,

The economic recovery still lacks momentum, but the tide of capital investment reappears. In April, the data of foreign direct investment decreased by 2.7%, and the RMB fell below the seven-point mark against the US dollar. Hang Seng

It opened 22 points lower, with a maximum drop of 440 points, and finally fell by 417 points or 2.1% to close at 19,560 points, and the daily turnover of the market increased to 101.605 billion yuan.

As the city is concerned about the US debt ceiling, it is still waiting for the latest changes in negotiations between US President Biden and opposition leader McCarthy, and investors' attitudes continue to be examined.

Cautious, coupled with the high inflation problem in Europe, the latest consumer price indicator of the euro zone has stabilized at 7%, and the expectation of the European Central Bank to continue raising interest rates has increased.

The three major stock markets in Europe fell across the board, with Germany's DAX index rising by 0.33%, France's Paris CAC index falling by 0.09% and Britain's FTSE 100 index falling by 0.34%. United States of America

President Biden and opposition leader McCarthy made progress in negotiations on the US debt ceiling; House Speaker McCarthy said that at the negotiating table, the two sides reached an agreement

Good progress is expected to reach an agreement before the end of this week, and the market's nervousness about the US debt default has eased slightly. The three major Wall Street indexes have risen by more than 1%.

Dow Jones index rose 1.24%; The Standard & Poor's 500 Index rose 1.19%, and the Nasdaq Composite Index rose 1.28%.

The US debt ceiling problem was successfully defused, and the safe-haven function of gold plummeted. US President Biden and opposition leader McCarthy are negotiating on the US debt ceiling.

Progress is expected to reach an agreement before the end of this week, and a bill will be passed before the deadline of June 1 to raise the debt ceiling, so as to prevent the United States from falling into debt default and gold market.

It fell for two consecutive days. The highest price of gold was $1,993.1, and the lowest price was $1,975.1. It closed at $1,988.9, down $6.9.

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