Weekly

Today's volatility range:

The second bail-out bill reappears, the Brexit agreement seems to have been reached, and the US dollar index has been set at 90.5. The current quantitative easing policy will lead to inflation, which is beneficial for gold to exert its ability to resist depreciation. Gold prices are expected to fluctuate today,

The main volatility is between 1864 and 1882 dollars.

The Hong Kong Health Bureau announced that two people who arrived from Britain were found to be infected with COVID-19 pneumonia, and the virus was suspected to be a new variant of the British virus. The Hong Kong Government immediately extended the compulsory period of picking up the epidemic from Britain to no less than 28 days.

On the other hand, the Chief Executive, Carrie Lam, announced yesterday that he would authorize the Health Bureau to approve the emergency right to use vaccines, and once again shook up the public's misunderstanding about the choice of which vaccines to inject, saying what time and circumstances were different,

Different places ... and so on; In a word, all people misunderstood her short version by the media or the citizens themselves!

The second variant of COVID-19 pneumonia virus reappeared in Britain. According to media reports, this variant virus was introduced from South Africa, which is more infectious! The COVID-19 epidemic in Britain is worsening, with more than 39,000 people infected yesterday.

The variant virus in South Africa is no different from worsening the health of the British people and the future economy. Britain has extended the fourth-level epidemic prevention measures to more areas in England, hoping to stop the virus from spreading more widely. Britain's transition period from Brexit is just around the corner.

According to EU sources, British Prime Minister Johnson is willing to reduce the catch from 35% to 25%, and extend the period from 3 years to 5.5 years.

Frost, the chief representative of the Brexit negotiations in Britain, and Banier, the chief representative of the European Union, are still finalizing the contents of the Brexit agreement. It is reported that the agreement is likely to be completed within days, so that Britain can pass the Brexit agreement in Congress before this year.

The news stimulated the pound to rise against the US dollar, and also caused major European stock markets to rise across the board yesterday. The German DAX index rose by 1.26%; French CAC index rose by 1.11%; The FTSE 100 Index rose 0.66%.

The "US$ 900 billion second bail-out bill" can be described as twists and turns. Due to factional political struggles, the release date of the original bill was continuously delayed from August 4, and finally the House of Representatives and the Senate reached an agreement last Sunday.

However, US President Trump threatened yesterday to refuse to sign the bill unless the bill can be scaled up and the cash cheque for helping citizens will be raised from $600 to $2,000. Pelosi, Speaker of the House of Representatives, immediately said,

The House of Representatives plans to vote on the bill on Thursday, replacing the $600 stimulus check in the bail-out bill passed this week with $2,000, and beating a snake with a stick, saying that McConnell's opinion is indispensable if the House of Representatives can pass it unanimously.

Put pressure on Trump's party friends. In terms of data, the United States announced that the number of people applying for unemployment benefits for the first time last week was 803,000, which was better than expected. It also fell for the first time in three weeks, but personal income and expenditure were also decreasing.

As for the sales volume of 841,000 new houses, it is also worse than expected. The new york stock market developed individually yesterday, and the Dow Jones index rose 0.38%; The Standard & Poor's 500 Index rose by 0.07%; After breaking the record high, NASDAQ index became unsustainable and fell 0.29%.

The price of gold fluctuated greatly during the opening hours of the US market. Before the employment data was released, the price of gold first fell to $1,857 per ounce. However, the news of the Brexit agreement made the pound and the euro rise against the US dollar, and the price of gold slowly climbed to yesterday's high of $1,878 per ounce.

It finally closed at $1,873 per ounce, up $13.  

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