Weekly

Today's volatility range:

Yesterday, the price of gold made up for the high opening gap on New Year's Day, which has been adjusted with sufficient strength. The COVID-19 epidemic has brought about the global long-term quantitative easing and low interest rate policy. The US dollar will continue to be weak, and gold will gradually reflect its value of resisting cash depreciation.

Today's volatility is expected to be between 1915 and 1936 dollars.

Yesterday, the confirmation procedure of the joint meeting for the results of the general election of the electors in each state presided over by the current Vice President Pence caused a storm. First, Republican lawmakers in Arizona opposed the results of this general election, and the meeting was suspended for two hours.

Later, a group of supporters of US President Trump broke into Capitol Hill, during which security officers fired tear gas, and a demonstrator was shot and killed in the chaos, and the whole meeting was forced to stop.

Afterwards, Trump tweeted a message calling on his supporters to go home and pay attention to peace. McConnell, the leader of the Senate Majority Party and a party friend of Trump, said that overturning the presidential election results would seriously hurt the image of the United States.

The Democratic Party of the United States criticized some congressmen for having less common sense than children.

The second round of voting for the Senate election in Georgia began last night to elect two seats, which will determine the control of the Senate in the next two years. Yesterday, Vice President Burns presided over the confirmation process of each state. According to news media reports,

The Democratic Party will take two seats. The Democratic Party of the United States will take all two seats, and then the two parties will have 50 votes to 50 votes in the seats, but the US Vice President-elect Kamala D. Harris, who is also a Democrat, will have the right to make a decisive vote. Without the opposition's hindrance,

Investors expect that the next US government will put more resources into the measures to relieve the epidemic. Investors continue to be bearish on the US dollar, and the yuan index closed at 89.35 yesterday. In terms of data, the US crude oil inventories decreased by 8 million barrels last week, which was worse than expected;

However, the United States announced yesterday the change in the number of non-agricultural employment in the United States, which reduced the market expectation by 123,000. Some scholars pointed out that the weak labor market is due to the failure to control the epidemic situation. Only hope that the vaccine can be popularized as soon as possible, otherwise the US economy will once again fall into the dilemma of last spring.

However, after investors took office, Biden's broader policy, Dow Jones index and Standard & Poor's index both reached new highs, up 1.44% and 0.57% respectively; The Nasdaq index fell by 0.61%.

Yesterday, the gold price made up for the high opening gap on New Year's Day, from the high level of $1,960 per ounce to the lowest level of $1,900 per ounce. However, the continued weakness of the US dollar made the gold price finally calm down and closed at $1,919 per ounce, down by $31.

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