Weekly

April 30 th
 
Today's volatility range:

The volatility of the gold market further expanded to 34 dollars yesterday. The ideal economic data released by the United States and Biden's new economic plan stimulated the dollar to go higher. The gold price fell below the support of 1,777 dollars yesterday.

However, the market closed with the strong support of US$ 1,764 in the past two months, which is a key position and should not be lost. Today, the proposed amplitude is between 1764 and 1780.
 

The Food Health Bureau began to relax the business restrictions of restaurants and other premises yesterday, hoping to use "vaccine bubbles" to get rid of grain needles. However, some restaurant owners said that apart from the confusion of government information,

It is also difficult to require employees to fully vaccinate before starting work, and it is even more difficult to distinguish whether the needle cards made by customers are authentic or not. Moreover, restricting customers in different situations by zoning may affect customers coming to large classes.

In the end, it is feared that the loss outweighs the gain. In order to assist this relaxation, the Health Bureau dispatched patrol officers and imposed penalties on violators. The effect will be known in two weeks.
 
Thanks to the ideal progress of the vaccination program, nearly 50% of adults in the United States have received the first shot of vaccine. The benefit of vaccine is reflected in the recent decline of new coronavirus infection cases.

It also played a boosting role in the job market. Yesterday, the number of people who applied for unemployment benefits for the first time in the United States last week was 553,000. Although the data was slightly worse than expected, it was already the lowest since the epidemic.

Some experts estimate that if the vaccination program progresses steadily, the employment situation in the United States will have a chance to return to the pre-epidemic level in the first quarter of next year.

 
In addition, the US President Biden's government approved a huge epidemic stimulus plan worth 1.9 trillion US dollars, which also achieved results. Last night, the US announced that the GDP in the first quarter was as high as 6.4%, which exceeded market expectations.

The stock market reacted positively late. In addition, yesterday, US President Biden attended the joint meeting of the US Congress on the eve of his 100th day in office and delivered a speech at the meeting, during which he repeatedly mentioned China as a competitor.

In his speech, he put forward a huge economic stimulus budget of 4.1 trillion US dollars, threatening to revitalize the United States and win the competition with China. Ideal data and Biden's huge cost,

Investors were excited early, and the three major indexes of US stocks rose across the board, and the Dow Jones index rose by 0.71%; The Standard & Poor's 500 Index fell 0.68%; Nasdaq index fell 0.22%. Last night, the United States announced its GDP for the first quarter of this year.

The data performed well, which caused the bonds of many countries in the euro zone to be sold off. The general yield increased by 0.04% to 0.06%, and caused the three major European stock markets to fall across the board. The DAX index in Frankfurt, Germany fell by 0.83%.

CAC in Paris, France fell 0.07%; Britain's FTSE 100 index fell 0.04%. Yesterday, the volatility of the gold market further expanded to 34 US dollars, which improved in the early stage and rose to the highest of 1790, but then fluctuated repeatedly.

After releasing the ideal economic data and Biden's new economic plan, the price of gold immediately came under pressure, and once fell to a low of $1,756, closing at $1,772, down $10.

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