Weekly

Today's volatility range:

The Biden administration will fully control the White House and the Senate and House of Representatives in the next four years. The market expects the new government to launch a larger fiscal stimulus plan, which was beneficial to the trend of gold prices, but the factor of political stability caused the US dollar to immediately rebound from a low level, resulting in yesterday. The price of gold fell;

However, in the long run, Guangfa's currency will bring depreciation, and with the global low interest rate environment, gold will return to light. There are non-agricultural employment data in the United States tonight, and the market volatility may narrow in the early stage and the US market fluctuates. Today's volatility is expected to be between $1900 and $1930.

Although yesterday's Capitol Hill incident caused confusion and delayed the confirmation of electoral votes, after the conflict, the Senate and House of Representatives worked all night and finally confirmed that Biden won 306 electoral votes, which exceeded the threshold required for being elected president and won the election as the next president.

In addition, regarding the Capitol Hill riots that occurred yesterday, many White House officials made speeches after the conflict, and some Republican leaders and cabinet officials believed that Trump incited supporters to break into Congress, eventually causing four deaths.

It is believed that Trump should be impeached and removed from office before January 20th. Trump's performance is like the attitude of not admitting defeat in the investment market. He doesn't know how to stop the erosion when he loses. Instead, he moves out more chips to turn over, but in the end he will only lose more ugly.

The results of the Senate election in Georgia were released on the same day. The Democratic Party of the United States won two seats, so that the Democratic Party and the Republican Party have half of the Senate seats at the same time. If there are 50 votes to 50 votes on any issues in the Senate in the future,

Vice President-elect Kamala D. Harris will have the right to make a critical vote. This means that the Democratic Party of the United States will control the White House and the Senate and House of Representatives in the next four years, which can remove all political obstacles and implement the Party's philosophy to govern. The political situation returned to stability, and the US dollar rebounded yesterday.

The number of people applying for unemployment benefits for the first time in the United States fell back to 787,000 last week. The data was better than expected, driving the three major indexes of the new york stock market to break the historical record and the Dow Jones index rose by 0.69%; The Standard & Poor's Index rose by 1.48%; The Nasdaq index rose by 2.56%.

The price of gold rose to $1,928 per ounce early yesterday, but it was reported that Biden and the Democratic Party would control the White House and the Senate and House of Representatives in the next four years. The market expected the new government to launch a larger fiscal stimulus plan, which was beneficial to the price of gold.

However, due to the political stability factor, the US dollar immediately rebounded from the low level, and the gold price actually fell, with the worst value reaching US$ 1,907 per ounce and closing at US$ 1,913 per ounce, down by US$ 6. There are non-agricultural employment data in the United States tonight, and the market volatility may narrow in the early stage and the US market fluctuates.

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