Weekly

Today's volatility range:

Vaccine news was gradually digested, and the price of gold was still sticking to the $1,800 mark per ounce yesterday.

The poor performance of US employment data and the weakening of the US dollar all contributed to the market outlook. Yesterday's proposal is still valid today,

That is to say, it is expected to fight around $1,810. Today, the main volatility is $1,800 to $1,820.
Comments:

The news of the vaccine was digested, and the spread of SARS-CoV-2 in Europe was once again concerned by the market.

Germany is still trying to suppress the rise of the epidemic. German Chancellor Merkel announced yesterday that it would extend the partial blockade measures for at least three weeks.

Until Christmas. On the contrary, France, which has already implemented stricter social measures, has achieved results.

French President Macron said that he would gradually lift the nationwide blockade from Saturday, and major European stock markets developed individually yesterday.

Germany DAX index closed flat; French CAC index also rose by 0.2%; British Chancellor of the Exchequer Xin Weicheng announced the latest British economic forecast,

which estimated that the economy will shrink by 11.3% this year. Although the contraction rate is lower than the original estimate of 12.4%,

However, it didn't help the pessimism in the UK stock market, and the FTSE 100 index fell by 0.6%.

The novel coronavirus epidemic in the United States continued to deteriorate, and there were more than 150,000 cases of infection yesterday.

The number of patients in New York increased by 6,000 in a single day, breaking the new high since April, but the public ignored the warning of the US Centers for Disease Control and Prevention.

A large number of citizens still travel before Thanksgiving holiday. Before the Thanksgiving holiday, the new york stock market was driven by emerging technology stocks.

The Nasdaq index continued its upward trend last day and rose by 0.5%. The rest retreated, and the Dow Jones index fell by 0.6%.

Once again lost the 30,000 mark; The Standard & Poor's 500 Index fell by 0.2%. Yesterday, the United States released a number of data,

and the performance was uneven. The US GDP in the third quarter increased by 33.1%, in line with market expectations;

The US crude oil inventories decreased by 0.75 million barrels last week. The market was better than expected,

but the number of people applying for unemployment benefits for the first time in the United States increased by 30,000 last week, recording that 778,000 people were worse than expected,

which also increased for two consecutive weeks.

It shows that American economic growth is slowing down. After an early plunge, the price of gold was fixed yesterday. Yesterday, the low price was $1,802 per ounce,

which kept the $1,800 mark. After the employment data was released, it even rose to $1,818 per ounce.

At last, it closed flat at $1,808 per ounce, without rising or falling. Although gold was temporarily suppressed by vaccine news, after the vaccine news was digested,

in the environment of quantitative easing and sustained low interest rates by central banks all over the world,

Investors will eventually return to the gold market to fight inflation and currency depreciation with gold, which is still worth investing in the long term. In addition,

the minutes of the Federal Reserve Board meeting in November showed that there were discussions on how to provide more support to the market and economy.

The US dollar index fell nearly 0.2% to 92.02 points. Bitcoin, the virtual currency, fluctuated, reaching a maximum of nearly $19,

500 per piece and closing at nearly $18,700 per piece. I believe Bitcoin will remain strong in the short term.

There is a good chance to challenge $20,000.

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