Weekly

March 26 th

Today's volatility range:

The trend of gold price is still subject to this week's downward pressure line. The yield of US Treasury bonds has no effect on gold price, but gold price is sensitive to the strength of US dollar.

The positive economic data has stimulated the pursuit of the US dollar, and the price of gold will continue to be under pressure. Today, the proposed amplitude is between 1720 and 1738.

Yesterday, nine new cases of new coronavirus were confirmed in Hong Kong, which returned to single-digit diagnosis. At the same time, it was the first time in four months that there were no cases of unknown origin.

It is expected that the public will not take it lightly, and stick to the epidemic prevention measures for a long time, so as to truly and completely cut off the virus transmission chain before they can live a normal life with peace of mind. Due to the unstable epidemic situation in Hong Kong,

Since the beginning of this year, the Shenzhen Municipal Health Commission has requested that Hong Kong people entering Shenzhen should accept the "14+7" quarantine measures, that is, they should concentrate on 14 days after hotel isolation.

Community management of staying at home for an additional 7 days. The Shenzhen Municipal Health and Health Commission announced yesterday that it would relax the policy. The new measures only need to be concentrated and isolated for 14 days. During the stay in the isolated hotel,

On the 1st, 4th, 7th, 14th day, nucleic acid detection was done for 4 times, and the results showed that if there was no infection, isolation could be released and free movement could be achieved.

Hang Seng Index fell for five consecutive trading days, setting a record for the longest market decline in a year and a half, and fell another 18 points or 0.66% yesterday. In Europe, the epidemic has worsened again because of the variant virus.

Moody's, a credit rating agency, said that Britain's consumer confidence recovered faster than that of the European Union, because the slower vaccination in other parts of Europe means that it is still far from returning to normal.

Strict epidemic restriction measures affecting consumers may make consumer confidence relatively weak. However, yesterday's stock market performance went in the opposite direction, and the German DAX index rose by 0.08%;

French CAC index fell 0.09%, while British FTSE 100 index fell 0.57%. Federal Reserve Chairman Powell tried the water temperature during an interview yesterday.

He said that when the US economy made substantial progress towards the local goal, it began to reduce quantitative easing, and there were plans to raise interest rates under specific circumstances, but the policy must be transparent.

Powell's remarks once caused the stock market to fall. However, the economic data released by the United States last night was brilliant, and the number of new jobless claims in the United States fell to a one-year low last week.

It decreased by 97,000 to 684,000 people every week, the lowest level since mid-March last year, and also less than the market expectation of 730,000 people. In addition, the US economic growth figures for the last quarter

Exceeding market expectations, the final GDP of the fourth quarter of last year was revised up to 4.3% quarterly from 4.1% in the first revision at an annual rate.

The market was originally expected to maintain growth of 4.1%. The data made the three major indexes of new york rise, and the Jones index rose by 0.62%; The Standard & Poor's Index rose by 0.52%; Nasdaq index rose 0.12%.

The economic growth figures of the United States last quarter exceeded market expectations, and the GDP of the fourth quarter was revised upwards. The labor market was also positive. Last week, the number of new jobless claims fell to a one-year low.

The number of people decreased by 97,000 per week, and the US dollar is now strong, which hit the gold price. After the data was released, the gold price fluctuated rapidly by 20 dollars. Yesterday, the lowest price of gold was $1,722 per ounce.

The highest rose to $1,745 per ounce and closed at $1,727 per ounce, down $7.

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