Weekly

Today's volatility range:

Britain successfully left the European Union. Although the second bail-out bill is blocked, it is expected to be approved in the end. Yellen, the US Treasury Secretary-elect, is a dove. It is expected that the US dollar will continue to be soft, and the current quantitative easing policy will lead to inflation.

If the policy is increased again, it will be more beneficial for gold to exert its ability of expanding cash and depreciating. It is expected that the gold price will fluctuate upward today, with the main volatility between 1884 and 1906 US dollars.

Last week, two strains of COVID-19 pneumonia variant virus were discovered in Britain. The transmission power of the first found British variant increased by 70%, while the second found COVID-19 pneumonia virus, according to media reports, was imported from South Africa, and its transmission power was stronger!

The COVID-19 epidemic in Britain is worsening. Last week, Britain recorded a new record of more than 30,000 people infected every day. Xia Guoxian, Minister of Viral Health, described the virus as out of control. 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,

On Thursday, British Prime Minister Johnson extended the fourth-level epidemic prevention measures from London to more regions in England, and implemented stricter fourth-level epidemic prevention measures, hoping to stop the virus from spreading more widely.

After a long negotiation process, the Brexit negotiations between Britain and the European Union finally won the agreement between the two sides on Christmas Day. The British side made the greatest tolerance on the most difficult fish catch issue, and the British side took back the control of the waters near the UK.

However, EU ships are still allowed to enter the sea area 6 to 12 nautical miles away from the UK for fishing, but the fish yield handed in by EU ships is reduced from the initial 80% to 25%, and the time limit is extended from 3 years to 5.5 years. British Prime Minister Johnson: "I believe this is a good agreement for the whole of Europe.

He described the agreement as a confirmation that Britain would regain control of its autonomy and enable the economy to recover from the new outbreak. Ursula von der Leyen, President of the European Commission, said, "This is a fair and balanced agreement, and both sides are responsible and have done the right thing. 」

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.

In terms of data, except for the third quarter GDP growth of 33.4%, which was the highest quarterly growth since records were broken, the data released by the United States last week were biased towards poor performance, with orders for core durable goods and housing sales falling.

However, the number of people applying for unemployment benefits for the first time in the United States declined after two weeks' growth last week, but it was still higher than 800,000, reflecting the unsatisfactory employment data. The US dollar is under pressure, and Britain's successful Brexit has strengthened the British pound and the euro against the US dollar.

The US dollar index rebounded from the two-and-a-half-year low of 89.96 points last week and swam below 90 points, temporarily reporting 90.29 points. Last Monday, the price of gold fluctuated greatly, reaching the highest value of $1,907 per ounce, and immediately dropped sharply to $1,855 per ounce, and then fluctuated upward.

Finally, it closed at $1,880 per ounce, a slight decrease of $1 from last week.

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