Weekly

Today's volatility range:

Tong Trang suddenly signed the second bail-out bill, which was beneficial to the gold price, but the risk market warmed up, and the European and American stock markets were excited, which reduced the safe-haven demand for gold. It is expected that the short-term dollar trend will dominate the gold trend, but the holiday sentiment is strong.

Gold prices are expected to hover between 1870 and 1890 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 World Health Organization (WHO) announced that the variant virus first discovered in Britain has been confirmed in Canada, Japan and many European countries including Spain, Switzerland, Sweden and France. The COVID-19 epidemic in Britain is getting worse.

Yesterday, more than 41,000 cases of infection were recorded, breaking a new record. It is said that Britain will grant AstraZeneca the emergency right to use the vaccine, hoping to shorten the waiting time for injection. 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, and a bill has been drafted. It is learned that the documents jointly drafted by representatives of both sides will be submitted to the House of Commons for deliberation and voting before the end of the year to make the provisions into law.

In principle, the ambassadors of 27 EU countries unanimously agreed to approve the temporary EU-UK Brexit trade agreement. However, due to the need for more time to properly review the agreement, they said that they would make a ruling before March next year, but they agreed that the agreement would be temporarily implemented on New Year's Day.

There is media panic that the EU has a plot for a long time; However, in fact, Britain and Europe have already reached an interim agreement, but the difference is only a procedural issue, and there are not many variables. In terms of the content of the agreement, it can be seen that the British side has made the greatest forbearance, and the COVID-19 epidemic in Britain is getting worse and worse.

The euro rose against the pound. The two major stock markets in the Eurozone rose, and the German DAX index rose by 1.49% and hit a record high; French CAC index rose by 1.2%; British stock market holiday. 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 has been continuously delayed from August 4th, and the House of Representatives and Senate finally reached an agreement last Sunday. However, US President Trump threatened at an early date unless the bill can be scaled up and the cash cheque for helping citizens will be raised from $600 to $2,000.

Otherwise refuse to sign; However, yesterday, he kept his wandering image and suddenly finished signing the bail-out bill. It was reported that the US House of Representatives had passed the aid check bill which was increased to $2,000, but the Senate controlled by the Party might finally agree with it. But investors can't wait to chase risky assets.

New york stock market is bullish, the three major indexes all hit new highs during trading hours, and the Dow Jones index rose 0.68%; The Standard & Poor's 500 Index rose by 0.87%; Nasdaq index, Nasdaq rose 0.74%.

The US dollar fell in the early part of yesterday, and the US dollar index once again fell below the 90-point mark since December 18. However, since the beginning of the European market, the British bad epidemic caused the pound to fall sharply against the US dollar, and the US dollar index rebounded. In addition, investors chased risky assets, and the European and American stock markets were now excited and the demand for safe haven cooled down.

When the price of gold rose to $1,900 per ounce, it was difficult to cross the line. It turned around and fell, with the lowest price falling to $1,871 per ounce, and finally closed at $1,873 per ounce, down $7.

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