Weekly

July 20 th
 
Today's volatility range:

Gold price is supported at the psychological barrier of $1,800. The COVID-19 epidemic shows signs of rebounding globally. Yesterday, global stock markets plummeted, and investors turned to the US dollar to hedge. The US dollar index once broke through the 93-point level.

The 10-year U.S. Treasury bonds were sought after and the price rose, which forced the yield to drop to a five-month low, close to 1.18%. This has become the reason for suppressing the growth momentum of gold price. Gold prices are under pressure,

Although the market closed up yesterday, it was still not far from the turning point of US$ 1,812. The Federal Reserve will announce the interest rate decision at 2 am on the 29th of this month. It is expected that before the interest rate decision in July,

Gold price will still be a volatile market, but the performance of gold price is lower than one wave, which is testing the support of $1,800. Today, the proposed amplitude is between 1798 and 1820.
 

In the fourth quarter of last year, Alibaba Group's Ant Technology Group's Shanghai-Hong Kong simultaneous listing plan hit the rocks. At that time, the media reported that China's four major regulators interviewed group executives, including Ma Yun, the person in charge behind Ant Group.

Subsequently, the Shanghai Stock Exchange sent a letter to reject the application for listing of Ant Group, and explained as follows: "Major events such as changes in the financial technology regulatory environment" led to "the company does not meet the requirements for issuance and listing or

Information disclosure requirements ",the market has already felt that the government's monopoly behavior on technology giants has exceeded the red line, and Ma Yun's conceit has caused the regulators to step down without steps, which will definitely lead to a new wave of regulatory behavior. Sure enough,

Yesterday, it was reported that China's financial regulatory authorities have set a timetable for the rectification of the network platform industry, requiring Ant Group and 13 network platforms, as well as all networks involved in collecting personal privacy information services

The company must cooperate with the regulatory authorities to rectify the direction, and the deadline is the end of 2022.

 
Yesterday, technology stocks led the decline, and Hang Seng Index closed down 515 points or 1.84%. Typhoon Chapaka is approaching Hong Kong. Due to the influence of its rain belt, it is rare for the Hong Kong Observatory to hang yellow rainstorm warning signals twice a day.

The signals were sent at 2: 35 am and 12: 30 noon yesterday, and both signals brought more than 30mm of rainfall per hour to Hong Kong. Compared with the floods in Germany, the weather conditions in Hong Kong are only dwarfed.

Last week, there were many days of heavy rains in Germany, and many houses and cars were washed away by floods. At present, hundreds of people are still missing, and at least 156 people died in the hardest hit areas. German Chancellor Angela Merkel inspected the disaster site and described the situation as surreal and

Shocking and indescribable! I promised to help the local reconstruction as soon as possible, and initially allocated 300 million euros to deal with the disaster. Extreme weather is warning mankind that the carbon footprint must be counted, but somehow,

When and who will pay for it! In the long run, countries around the world, especially economically advanced countries, should promote more policies to deal with climate change; You can also consider how to contribute to environmental protection.

 
Although the economic losses caused by heavy rains in Germany are estimated, the epidemic situation in Europe has rebounded, and some European countries have announced to tighten epidemic prevention measures. The epidemic and natural disasters once again shattered European stock markets, and the three major European indexes fell for the fifth consecutive day.

The German DAX index fell 2.62%; The CAC index in Paris, France fell 2.54%; Britain's FTSE 100 index fell 2.34%. Coronavirus cases in the United States also rebounded this month. The US Centers for Disease Control and Prevention said that in the past week,

On average, nearly 30,000 new cases are added every day in the United States, which is about 11,000 cases per day on average in the seven days before the past month, which is nearly three times higher. Worried that the epidemic will once again hit the economic recovery and affect the retrogression of corporate profits, the three major Wall Street yesterday

The index fell across the board, none of the constituent stocks of Jones index rose, and finally fell 2.09%, the Standard & Poor's 500 index fell 1.59%, and the Nasdaq index fell 1.1% for five consecutive days.

 
The price of gold rose to a daily high of 1817 US dollars yesterday, but the COVID-19 epidemic showed signs of rebounding globally. Yesterday, global stock markets plummeted, investors turned to the US dollar to hedge, and the US dollar index once broke through to the level of 93 points. The US 10-year government bond price,

Rising, its yield was forced to fall to a five-month low, close to 1.18%, which suppressed the decline of gold price. The lowest price of gold was 1795 US dollars yesterday, but it was supported at the psychological barrier of 1800 US dollars yesterday, and finally rebounded to 1813 US dollars to close.

Up one dollar.

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