Weekly

July 18th

Today's amplitude interval

The gold market has been struggling for a long time and failed to get out of the restricted area. The price of gold temporarily had great resistance at $1,970, but it was supported when it fell nearly $1,946 yesterday.

It is expected that it will still fluctuate within a narrow range today. Today, the suggested volatility of yesterday is maintained at $1,948 to $1,962.

Affected by Typhoon Terry, the Hong Kong Stock Exchange was closed for one day.
The war between Russia and Ukraine continued, and the bridge connecting Russia to Crimea was bombed yesterday. On the same day, Russia announced its withdrawal from the Black Sea food agreement, which meant that it would not follow.

It was previously agreed to export grain to the outside world. Russia's actions will affect the global food supply and will put pressure on inflation. Europe's three major stock markets are across the board.

Next, Germany's DAX index fell by 0.19%, France's Paris CAC index fell by 1.12%, and Britain's FTSE 100 index fell by 0.36%.

US Treasury Secretary Yellen commented on the US economic prospects, pointing out that although the number of employed people has slowed down recently and the salary trend has also declined, the overall labor market

The market is still strong, and inflation is also weakening. We don't think the American economy is in recession. Yellen's speech gives market confidence, and the three major stocks on Wall Street refer to

The next city, the Dow Jones index rose 0.22%, the Standard & Poor's 500 index rose 0.39%, and the Nasdaq Composite Index rose 0.93%. The gold market is contending for long and short.

, failed to get out of the restricted area. The price of gold is subject to $1,960, and the highest price in the early period was $1,959.9. In the American time, US Treasury Secretary Yellen sang well.

In the economic outlook of the United States, the dollar was stimulated to rebound, and the price of gold fell sharply, reaching a minimum of $1,945.8. However, the bulls tried to protect $1,944 and fought back. Eventually,

It closed at $1954.9, down slightly by $0.5.

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