Weekly

March 24 th

Today's volatility range:

The price of gold is now weak. The decline in the yield of US Treasury bonds has no effect on the price of gold. On the contrary, the price of gold is sensitive to the strength of the US dollar, and Federal Reserve Chairman Powell once again downplayed the United States

The inflation risk makes the trend of gold price weaker, and the trend of gold price falls below the rebound support level in early March. If the range from 1728 to 1732 cannot be stabilized in recent days, the psychological barrier of USD 1,700 will be tested.

Selling gold is more favorable. Today, the proposed amplitude is between 1715 and 1732.

The unemployment rate in Hong Kong is high, with the latest figure of 7.2%. The Secretary for Labour and Welfare, Law Chi-kwong, said in a radio interview yesterday that the worst time of unemployment in Hong Kong may have passed.

I believe that the unemployment rate coming out next month will have a lower chance of rising. By the way, he defended his previous speech advocating "job sharing", saying that according to the survey, compared with the dismissal of employees,

Generally, wage earners prefer to take unpaid leave. Director Luo is known for his high IQ in politics. He can't think of one person working in the government, and the logic is so one-way. This binary answer is asked when he is robbed

It's the same as "asking for money or killing me", so the statistical answer must be misleading! Compared with civil servants who work at home for a long time,

Treatment is like heaven and earth, so I hope Secretary LAW will stop fooling the public with such remarks.

Yesterday, someone took the vacant change shop as the contact address, and cheated a citizen who planned to invest in Bitcoin of HK$ 3.85 million. I hope the police can solve the case as soon as possible and repay the victim's losses.

Yesterday, Bitcoin closed at about 54,000 US dollars each, starting from the beginning of this year, the increase was close to 90%; Bitcoin is gradually accepted by the market, and different fund companies and insurance companies will also use Bitcoin

Included in its investment portfolio, there are commercial groups issuing Bitcoin credit cards. Even Musk, the founder of Tesla, the world's richest man, revealed that consumers will soon be able to use Bitcoin to buy Tesla trams.

And bought bitcoin worth $1.5 billion in February this year. It is conceivable that bitcoin will attract more people's attention because of the attractive rate of return and the popularization of cryptocurrency.

In fact, there are different ways to invest in cryptocurrencies, and our company also provides trading methods, and we don't need to set up our own electronic wallet and worry about losing the password. Please inquire.

Yesterday, Hong Kong's stock market was first high and then low, and the 29,000 mark was lost and recovered. The Hang Seng Index closed down 387 points or 1.36%. The balance sheet of the European Central Bank expanded by 0.3% in the past week.

It reached a record 7.16 trillion euros, and it is expected that the emergency epidemic assistance fund has been used to divert water to save the market. However, the European Central Bank announced earlier that it planned to accelerate the pace of buying bonds, and the epidemic situation in Europe worsened again.

The three major European stock markets have developed individually, among which the German stock market closed high for two consecutive days, the German DAX index continued to rise by 0.03%, while the British and French stock markets fell, and the French stock market fell for three consecutive days.

French CAC index fell 0.39%, while British FTSE 100 index fell 0.40%. The U.S. stock market took on the worsening atmosphere of the epidemic in Europe and opened down. In addition, the sales volume of new houses in the United States last month announced yesterday was very unsatisfactory.

The month-on-month drop of 18% became an excuse for the market decline. The three major indexes of the new york stock market opened lower and the Dow Jones index fell 0.94%; The Standard & Poor's Index fell 0.74%; Nasdaq index fell 1.14%.

Gold price was weak again yesterday, and the epidemic situation in Europe worsened again. Funds flowed out of the stock market and were placed in the US dollar, and the US dollar index went up. Gold price also digested the influence of the yield of US Treasury bonds, and did not benefit from the rising price of Treasury bonds yesterday.

On the other hand, Federal Reserve Chairman Powell once again played down the inflation risk in the United States, causing the gold price to fall below 1,730 US dollars per ounce. The highest price of gold in US dollars was 1,742 US dollars per ounce yesterday, and the lowest price was 1,724 US dollars per ounce.

It closed at $1,727 per ounce, down $12.

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