Weekly

April 27 th
 
Today's volatility range:

The gold market fluctuated within a narrow range in the early part of yesterday, and the gold price fluctuated greatly only after the US economic data was released. It is expected that it will remain a volatile market until the Federal Reserve has the interest rate decision on Thursday.

Today's proposed amplitude is between 1775 and 1789.
 

India recorded more than 354,000 confirmed cases yesterday, which has reached a new high in the world for the fifth consecutive day. Local health officials predict that the epidemic will reach its peak in mid-May.

It is estimated that there may be as many as 500,000 new infections every day. It is reported that many hospitals in India are now full, some patients have been turned away from hospitals, and some patients in hospitals have died due to lack of oxygen.

In the peak period, it may bring down the whole medical system. India's epidemic also indirectly affects the global economy. India is the fifth largest economy in the world besides being a populous country.

It is also a member of the supply chain under global integration, which will inevitably lead to supply fault under the epidemic situation.

 
Geopolitics is getting more and more fierce, and whether the conflict between China and the western camp will go off fire is of great concern to the international community. Recently, the Stockholm International Peace Research Report in Sweden pointed out that in 2020,

The global economy declined by about 4.4% due to the COVID-19 outbreak, but the global military expenditure increased to nearly 2 trillion US dollars, an increase of 2.6%. Registration also means,

The two largest military expenditure countries in the world are the United States and China, accounting for 39% and 13% of their total national expenditure respectively. China's military expenditure has increased for 26 consecutive years and China's GDP is expected

When it grows, it will also increase its military expenditure to counter the threat of its competitors.

 
The European Union said that since the Mardner, Pfizer and Johnson & Johnson vaccines currently used in the United States have been approved by the European Medicines Agency, EU member States will unconditionally accept visitors who have been vaccinated with these vaccines.

The EU's move will further promote the economic growth of Europe and may boost the euro, because Europe relies heavily on tourism. In 2019, Europe will account for about 50% of the total international tourists in the world.

While the income from tourism accounts for 10% of the overall EU economy, which shows its importance. The three major European stock markets rose across the board, with the DAX index in Frankfurt, Germany rising 0.18% and the CAC in Paris, France rising 0.28%;

Britain's FTSE 100 Index rose by 0.35%. The three major indexes of US stocks developed individually. Last night, the US announced that the growth of durable goods orders last month was lower than expected, and the price of US 10-year US bonds fell.

Dow Jones index fell 0.18%, while the S&P 500 index and Nasdaq index rose 0.22% and 0.87%, respectively. The gold market was stuffy in the early morning yesterday.

Until the opening of the US market, it was announced that the growth of durable goods orders last month was lower than expected. The price of gold fell to a low of $1,769 for a short time, but it quickly rebounded to $1,783 and closed at $1,781, up $4.

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