Weekly

March 30 th

Today's volatility range:

Basically, the price of gold is still subject to the downward pressure line in the trend. Yesterday, it fell below the $1,720 at the bottom of the box which was rampant for two weeks, and turned sharply immediately. Interest rate hikes and short positions have strengthened the US dollar.

The gold price is sensitive to the strength of the US dollar, and it will continue to be under pressure. Today, the suggested volatility is between 1705 and 1718.

The World Health Organization (WHO) has made a preliminary draft of the investigation on the traceability of SARS-CoV-2 outbreak in China. Experts listed four possible sources in this nearly completed report.

Among them, the virus is most likely to be transmitted to humans after the second animal is infected by the virus host, or it is more likely to be directly transmitted by bats, or it may be transmitted to SARS-CoV-2 through cold chain food.

But I believe the chances are slim, but it is extremely impossible for the virus to be artificially leaked in the laboratory. However, the WHO did not mention in the report that it is my right to get the opportunity to enter China for investigation only one year after the outbreak of the virus.

And make the overall investigation more difficult.

Regardless of the WHO's SARS-CoV-2 traceability report, Hong Kong is adjacent to the Mainland, and it has become a springboard in the early stage of the virus outbreak. It is an indisputable fact to help export infected people. In addition, the Hong Kong government is just headstrong for its own use.

At that time, there was no immediate customs clearance, which eventually led to the spread of the epidemic in Hong Kong ... Although the fourth wave of the epidemic has gradually eased, the government described it as a critical moment of "clearing".

Therefore, most of the social distance measures that will expire on Wednesday have to be extended by 14 days. I hope the public can pay attention to hygiene and protect themselves and their families carefully during the Easter holiday.

The local stock market fell first and then rose yesterday, and then rebounded after falling by 200 points. The Hang Seng Index finally closed up by only 1 point, keeping a record of continuous rise. Many European research institutions and the Italian National Bureau of Statistics published yesterday

According to the joint report, the Eurozone economy will usher in a positive recovery trend. The report pointed out that although the Eurozone economy in the first quarter of this year has regressed by 0.4% compared with the fourth quarter of last year,

But it is better than the 0.7% contraction in the previous quarter. At the same time, the report predicts that the euro zone economy will grow by 1.5% and 2.2% respectively in the second and third quarters of this year.

Yesterday, the three major European stock markets developed individually, and the German DAX index rose by 0.60%; French CAC index rose by 0.45%; The UK stock market is affected by the fact that some banks in the UK plan to transfer jobs or businesses from the UK

Moved to the European Union, the FTSE 100 index of Britain fell 0.07%.

The American hedge fund Archegos won the contract and was cut off, which triggered a chain effect and triggered the bank stocks, and the stocks fell. Credit Suisse issued a profit warning, referring to cutting positions or causing huge losses in the first quarter.

It dragged down the stock price by 13.8%, hitting a three-month low. Nomura Holdings' US stocks fell more than 13%, Japanese Nomura Securities predicted that its US subsidiary would suffer a huge loss of US$ 2 billion, and Nomura Holdings' US stocks fell more than 13%.

The three major indexes of US stocks closed for individual development, and the Dow Jones index rose by 0.3% for three consecutive days and reached a new high; The Standard & Poor's 500 Index fell 0.1%; The Nasdaq index fell 0.6%.

The economic data of the United States improved last week, and Federal Reserve Chairman Powell tried the water temperature in an interview last week, saying that there were plans to raise interest rates under specific circumstances, and his remarks turned eagle, which scared investors in the gold market.

Yesterday, the price of gold was adjusted downwards by two or three yuan as soon as the Asian market opened, and stayed for half a day until the opening of the US market, which was fermented due to the short position event, which stimulated the US dollar index to approach 93 points and the market turned sharply.

It fell to the lowest of $1,706 per ounce and closed at $1,712 per ounce, down $21.

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