Weekly

March 16 th

Today's volatility range:

Gold price fluctuated within a narrow range yesterday, and the fall in the yield of U.S. 10-year treasury bonds and the rise of the U.S. dollar cut the price of gold, because the yield of U.S. 10-year treasury bonds returned to 1.60%, which made gold go up.

However, the pursuit of the US dollar limits the increase of gold price, and gold may still fluctuate in the range at this stage, trying to reach 1,740 dollars. Tomorrow, the Federal Reserve will discuss interest rates, and the suggested volatility will remain between $1,720 and $1,740 until the results are available.

A total of seven people died in Hong Kong after being vaccinated with Kexing vaccine. After evaluation, the expert Committee said that it believed that the incident was not directly related to vaccination, while the other two cases of facial paralysis occurred after vaccination.

Nor can it be determined that it is related to vaccination; Even though some experts reported blessing, the death caused panic among the public, and the vaccination rate was low recently. Secretary for Health Chen Zhaoshi warned that if the epidemic situation in Hong Kong rebounds,

The vaccination rate is not ideal, or the epidemic prevention measures should be tightened again. The Hang Seng Index rose by 1.4% based on mainland economic data. Secretary Chen's speech shocked Hong Kong stocks, and the closing price of the Hang Seng Index narrowed significantly to only 0.3%.

In addition to the accident of Kexing vaccine in the Mainland, the COVID-19 vaccine developed by AstraZeneca and Oxford University is also out of order. People around the world have suffered from severe allergy or thrombosis after receiving AstraZeneca vaccine.

In Italy, one person died after receiving Oxford vaccine, and the authorities are waiting for detailed examination results to determine whether the cause of death is related to receiving Oxford vaccine. World Health Organization officials said,

There is no evidence that the vaccine is related to thrombosis, and it is recommended that countries continue to vaccinate this vaccine; Unfortunately, contrary to expectations, many European countries announced the suspension of AstraZeneca SARS-CoV-2 vaccine.

Investors are worried that the European economic recovery will be blocked. The three major indexes of European stock markets will rise first and then fall, and the German DAX index will fall by 0.28%; French CAC index fell 0.18%, while British FTSE 100 index fell 0.17%.

Leonhardt, chief economist of the World Bank, said that rising food prices and inflation have different impacts on countries. Because the global economy is in an unbalanced state, funds will flow out of emerging markets to strong economies.

It may be seen that there will be interest rate hikes in emerging markets in the near future to fight against currency depreciation and suppress inflation. The key is whether the rising interest rates in these emerging market countries will lead to a global interest rate hike.

The market continued to have full confidence in the performance of the US economic recovery, and funds poured in, pushing up the new york stock market. The Dow and the benchmark index broke the top again, and the Dow Jones index rose for 7 days, up 0.53; The Standard & Poor's Index also rose for five consecutive days.

Up 0.63%; Technology stocks were driven by Tesla to reverse last week's decline, and Nasdaq index rose 1.63%. Gold price fluctuated yesterday, and the yield of U.S. ten-year treasury bonds fell and the dollar rose, which cut the price of gold.

Gold price fluctuated within a narrow range yesterday, with the highest price reaching $1,734 per ounce and the lowest price reaching $1,722 per ounce, closing at $1,732 per ounce, up $5.

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