Weekly

Under consolidation

2023-08-01

August 1th

Today's amplitude interval

The gold market continued to consolidate. Yesterday, the US exchange weakened, and the price of gold was first low and then high. The price of gold remained above $1,943, and the long-term price was still bullish. today

The suggested volatility is between $1958 and $1974.

China Premier Li Qiang presided over the Standing Committee of the State Council, stressing that it is necessary to promote sustained economic recovery and strengthen the study of countercyclical adjustment and policy reserve.

Among them, the great policy of "no speculation in housing", which makes the inner room responsible, may complete the historical task silently; Li Qiang stressed the need to adjust and optimize.

Real estate policy, accelerate the research and construction of a new development model of the real estate industry. Looking forward to the accelerated recovery of the mainland economy due to policies, the Hang Seng Index regained 20,000 yuan.

It closed at 20078, up 162 points or 0.82%.

The European Central Bank also announced a rate hike of 0.25% later on the same day. European Central Bank President Lagarde said that the prospects of the euro zone have deteriorated, and in the short term,

Economic growth will continue to be weak. The meeting in September may suspend the interest rate hike, and it will be supplemented yesterday. After suspending the interest rate hike once, there is still a chance to hold the next meeting.

Interest rates resumed to raise interest rates. She stressed that the central bank's goal is to gradually reduce inflation to 2%, but it will still be decided according to the data. In addition, the euro zone

The GDP exceeded expectations, and European stocks developed separately yesterday. Germany's DAX index fell 0.12%, France's Paris CAC index rose 0.29%, and Britain's FTSE.

The 100 index rose by 0.06%.

The Federal Reserve issued a bank credit report, which pointed out that the uncertainty of the economic environment, the decline of the expected collateral value and the deterioration of the credit quality of loans, and the expected silver

The guild will tighten all kinds of credit instruments and credit standards more strictly. Us stocks continued to be strong in July, and both the benchmark index and the Nasdaq rose for five consecutive months; way

Jones index rose 0.28%, Standard & Poor's 500 index rose 0.18%, and Nasdaq composite index rose 0.21%. The gold market continues to consolidate,

In the early session, the price of gold dropped to a minimum of $1,952.6, but investors expected that the Bank of England would raise interest rates by 25 points this week, together with the President of the European Central Bank.

After Lagarde suspended the interest rate hike in September, there is still a chance to resume the interest rate hike at the next meeting. The weakening of the US dollar has helped the gold price rebound successfully, and the gold price is the highest.

Gao once made $1,972.5, and finally closed at $1,965.6, up $6.3.

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