Weekly

Today's volatility range:

The virus is now mutated in Britain, and the funds flow to the US dollar to avoid risks. The US dollar index bounced to the level of 91 points, causing panic. Unstable factors were beneficial to the price of gold, but the price of gold fell to $1855 yesterday, which may have oversold and corrected immediately.

The long-awaited epidemic assistance program has been passed, and inflation will always lift gold, which will still benefit. Today's major volatility is expected to be between $1870 and $1890.

Britain was surprised to see the COVID-19 pneumonia variant virus strain. Xia Guoxian, Minister of Health, described it as out of control, because the spread rate of the variant virus increased by 70%. But he added that there is no evidence that the new variant virus is more deadly.

Or have different reactions to the developed vaccine, Britain has informed the World Health Organization of the situation of the variant virus. The virus base on that new variant is accelerating and spread widely in London, the capital, the surrounding area and southeast England,

British Prime Minister Johnson announced that London and other places will implement stricter Level IV epidemic prevention measures, and residents should strictly ban their feet, that is, they must stay at home to fight the epidemic.

Many countries in the world, including Hong Kong, have banned British flights from entering the country in response to the menacing variant virus in Britain. In Europe, many countries have not only started to impose travel bans on Britain, but also announced an emergency stop of flights to and from Britain.

The Eurostar high-speed train connecting Britain and Europe will also be shut down. France, as the country with the largest number of COVID-19 patients in Europe, immediately stopped its port transportation to Britain. Britain is facing a total blockade by land, sea and air, and people are also worried about food supply.

It's as if you've gone out and snapped up. What is even more frustrating is that WHO officials say that new variants of the virus have also been found in Australia, Denmark and the Netherlands. The European Union urgently passed Pfizer vaccine and hoped to vaccinate high-risk people as soon as possible.

Yesterday, the variant virus launched an attack on European investment products. Investors worried that the epidemic would hit the European economy again. The major European stock markets fell across the board yesterday, and the German DAX index fell 2.83%; The French CAC index fell 2.43%;

Britain's FTSE 100 index fell by 1.73%, and fell to its lowest level this month. The euro and sterling also fell sharply against the US dollar yesterday.

Individual development of the new york stock market, the Federal Reserve allowed banks to resume dividend policy and cancel the restrictions on bank repurchase of shares, which stimulated the financial stocks to rise sharply. In addition, the sports brand Nike performed well, and the Dow Jones index rose by 0.12%; The Standard & Poor's 500 Index fell 0.39%;

Nasdaq index fell 0.1. Gold should have benefited from the $900 billion second-largest economic rescue bill in American history, which rose to the highest of $1,907 per ounce. The virus is now mutated in Britain, and funds flow to the US dollar to hedge. The US dollar index rebounded yesterday.

And quickly returned to the 91-point level, causing panic. The price of gold dropped sharply to $1,855 per ounce, with a high and low volatility of $52, then rebounded sharply from the low level to around $1,870, and finally closed at $1,876 per ounce, down $5.

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