Weekly

March 5 th

Today's volatility range:

Gold price remained weak yesterday, and the yield of national debt rose again yesterday, which hit gold price. Federal Reserve Powell hinted that gold price would remain weak without intervention in the short term, with 1674 as the key position.

There are non-agricultural data tonight, and it is expected that gold prices will fluctuate downward in Asian markets. Suggested volatility is between $1684 and $1695.

The Heritage Foundation, an American think tank, and the Wall Street Journal jointly announced the new Global Economic Freedom Index yesterday. Hong Kong lost its first place last year, only to Singapore.

This year is even more remarkable, and Macao was removed from this year's ranking. The editorial department of Wall Street explained that because the policies of the two Special Administrative Bureaus of Hong Kong and Macao that returned to China were "ultimately controlled by Beijing",

Therefore, it was removed from the ranking list. Foner, the founder of the foundation, described Hong Kong's political freedom and autonomy as lost in the past two years. Hong Kong is in many ways related to major Chinese businesses such as Shanghai and Beijing

The center is almost the same. Since the establishment of the Global Economic Freedom Index in 1995, Hong Kong has topped the list for 25 consecutive years. It's a pity to be excluded from the ranking list! But patriots can look at it from another angle.

Ranking is just an empty title, which is in line with all of China, giving you honor!

EU leaders will hold a video conference at the end of February to discuss border arrangements under the new pneumonia epidemic, and consider launching vaccination certificates to allow people who have received vaccination to have in EU countries

Greater freedom of movement to save tourism, but German Chancellor Angela Merkel has indicated that epidemic prevention is more important and will not support it. The Eurozone announced yesterday that the number of unemployed people in the region increased by 8,000 and the unemployment rate

8.1%. Although it is better than expected, some institutional studies pointed out that during the epidemic period, because enterprises can keep their jobs by making false reports without pay, the actual number of unemployed people should be even larger. Employment data plus the UK

Northern Ireland misunderstood the EU on the issue of Brexit. All three major European stock markets fell, and the German DAX index fell by 0.18%; French CAC index fell 0.01%; Britain's FTSE 100 index fell 0.35%.

Speaking early in the morning, Federal Reserve Chairman Powell said that he noticed the recent surge in the yield of government bonds. He reiterated that the Federal Reserve will continue to maintain a loose monetary policy, saying that the Federal Reserve will constantly review the overall financial situation.

Until the U.S. economy reaches its target. The market expects Powell to announce measures to lower the long-term debt interest rate in this speech, including the possible use of "Twist Operation" again.

That is to reduce short-term national debt and increase long-term national debt. However, Powell told everyone to be patient, suggesting that the Federal Reserve will not take immediate action to limit the rise of the yield of government bonds, which is relatively weak

The yield of US 10-year government bonds rose again, rising above 1.5%, the stock market did not run, the three major indexes of new york stock market closed low across the board, and the Dow Jones index fell 1.11%; Standard & Poor's index fell 1.28%;

Nasdaq index fell 2.11%. The gold price was still weak yesterday. In the early period, the highest price of gold was US$ 1,723 per ounce. The yield of national debt rose again and the US dollar went up recently. The gold price fell below the US$ 1,700 mark.

The worst was $1,690 per ounce, but it finally closed at $1,698 per ounce, down $14.

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