Weekly

Today's volatility range:

Since last Friday, the price of gold dropped to 1817 US dollars per ounce last day. In addition, Mu Mu's negative rating supported the rise of the US dollar and could no longer shake the price of gold. At this stage, the price of gold seems to find support. It is expected to fluctuate today, with a range of USD 1833 to USD 1852.

The SARS-CoV-2 epidemic broke out in Wuhan, China at the end of 2019. After strict regulations and isolation measures, it finally achieved results in June 2020. The epidemic situation in the Mainland has been largely controlled. Although there have been sporadic cases since then, it can also be screened on a large scale.,

Blockade and travel restrictions were quickly suppressed. However, yesterday, the number of newly confirmed cases of novel coronavirus in the Mainland reached 103, which was the first time in half a year that the number of people broke through 100 again. Among them, there were 82 new local cases in Hebei Province, and there were 77 cases in Shijiazhuang, the provincial capital alone.

As Hebei Province is close to Beijing, the authorities of Hebei Province announced yesterday an emergency closure order for Shijiazhuang, the provincial capital, and Xingtai, the southern part, to cut off all external traffic. All citizens are prohibited from leaving the province or going to Beijing unless absolutely necessary.

In Europe, SARS-CoV-2 is still rampant, and British medical officials have told the legend that in some parts of London, one in every 20 people is infected with a new disease virus; He also said that according to the number of new pneumonia inpatients in public hospitals in the country, in the next few weeks,

It will be the worst day since the outbreak in Britain. The new variant virus in Britain has also spread to Europe such as France and Germany. Because of the stronger transmission of the new variant virus, the number of people infected with new pneumonia in many European countries is also rising.

Vaccine supply lags far behind the number of new infections. Affected by the COVID-19 epidemic, investors worried about hitting the economy in Europe. Investors took advantage of the European stock market last week and chose to make a profit yesterday. The European stock market fell across the board yesterday, and the German DAX index fell 0.80%;

French CAC index fell 0.78%; Britain's FTSE 100 index fell 1.09%. The house leak coincided with the rain all night. The international credit rating agency Mu Dong published an observation report yesterday, pointing out that due to the weak growth of the euro zone, the outlook for the sovereign credit rating of the euro zone in 2021 was negative, and the euro fell.

Yesterday, the US dollar index continued to strengthen, approaching the level of 90.7.

US President-elect Biden will be sworn in on January 20th. In his election speech yesterday, Biden mentioned that he would strive to promote a new relief plan, including giving taxpayers a check of $2,000 directly and providing assistance to small businesses. The aid scale mentioned by Biden is unprecedented.

The amount will reach more than one trillion dollars. However, because the US stock market has risen for five consecutive trading days in the new year and investors have taken profits, the new york stock market fell across the board yesterday, and the Dow Jones index fell by 0.29%; The Standard & Poor's Index fell 0.63%; Nasdaq index fell 1.25%. Gold price fluctuated greatly yesterday,

The fluctuation range was 38 dollars, the worst was 1817 dollars per ounce, and the highest was 1855 dollars per ounce. During the European market, Mu Dong published negative news of European sovereign credit rating, and gold plunged 20 dollars, but the news was immediately digested, and most of it rebounded in the US market, and finally closed at 1845 dollars per ounce.

It's down four dollars.

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