Weekly

March 22 nd

Today's volatility range:

Last week, the price of gold fluctuated inversely with the yield of 10-year US Treasury bonds, and the market also agreed that the yield of 10-year US Treasury bonds would rise to about 2%. The recent performance of gold price also seems to be digesting the pressure of rising debt interest.

And slowly get rid of the decline brought by February, as long as the inflation in the United States comes again, the real interest rate will be pushed down, which will benefit the performance of gold price. There is a good chance to try this month's high of $1,761 per ounce this week.

Today, the proposed amplitude is between 1730 and 1752.

Chinese and American high-level officials held a strategic dialogue in Alaska, USA on Thursday. In the first meeting, the two sides launched a scolding war over the issues of Xinqiang, Hong Kong and Taiwan Province, and the whole audience was full of gunpowder.

To sum up the three meetings held in two days, both sides stated that they had not made any progress on substantive issues, and had not paved the way for future meetings between the top leaders of the two countries.

Recently, the United States paid close attention to China in Asia, and held leaders' talks with Japan, India and Australia in the "Four-Party Security Dialogue", which was tougher than Trump's China policy.

This may not be what the President of the State has budgeted for by officials who are close to each other. On the same day that the talks between China and the United States ended, Chinese Vice Premier Han Zheng delivered a speech at the China Development Forum.

He said that China is willing to strengthen coordination with other countries and promote the world economy. At the same time, he said that China's development pattern is a more open international and domestic double cycle. Apart from being self-reliant in science and technology,

It will adjust and optimize the import tax policy, further reduce the negative list of foreign investment access, and promote the orderly opening of the service industry to attract more foreign-funded enterprises.

Han Zheng's speech is remarkable, showing neither weakness nor loss in the world's largest economy on the economic level, but his speech clearly proves that China still has shortcomings in science and technology.

If you want to be strong, you must catch up.

The mainland Kexing vaccine and the German Fubitai died after vaccination in Hong Kong, and the COVID-19 vaccine developed by AstraZeneca and Oxford University also went wrong. People around the world have been vaccinated one after another

AstraZeneca vaccine resulted in severe allergy or thrombosis, and one person died in Italy after receiving Oxford vaccine. Several European countries announced the suspension of AstraZeneca SARS-CoV-2 vaccine.

The vaccine accident will definitely slow down the control of COVID-19 epidemic in various countries and slow down the economic recovery. The Japanese government officially announced that it would refuse foreigners to enter the Olympic Games,

Raw materials, a four-year sports event, will bring prosperity to Japan's tourism industry, and it is unexpected that Japan will bear a lot of economic losses; Germany has announced the extension of social isolation measures.

The British government has even warned that people should be prevented from bringing the variant virus back to China after traveling abroad, and said that they will still wear masks to spend the day in the next few years!

Last week, as a result of the US Federal Reserve's interest rate decision, Fed officials voted unanimously to keep 0-0.25% unchanged. Federal Reserve Chairman Powell made a speech after announcing the results of interest rate decision, and his performance was still dovish.

With the re-opening of the economy, prices are expected to rise relatively moderately, and a model of moderate growth has been established, but the strongest growth has yet to come, and 10 million people are still unemployed.

We will consider collecting water only when the comprehensive data is good. At this stage, the Fed still maintains the current form of asset purchase. However, when talking about the rising yield of US Treasury bonds,

He only responded with free financial and economic speech. His Powell's gentle wording condoned the rise in the yield of US Treasury bonds, and the yield of 10-year Treasury bonds rose to 1.72% in one fell swoop

Last week, the price of gold was affected by the yield of U.S. treasury bonds. The yield of 10-year treasury bonds rose from 1.62% to 1.7% and then fell. However, Powell's mild wording on the yield of treasury bonds caused the price of treasury bonds to fall again.

The yield of 10-year treasury bonds rose to 1.72% in one fell swoop, which caused the gold price to fluctuate reversely. Last week, the highest price of gold was $1,756 per ounce, and the lowest price was $1,719 per ounce, closing at $1,745 per ounce.

It rises by 18 dollars a week.

For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator
https://t.me/mingtakchat