Weekly

July 27 th

Today's volatility range:

The gold market opened higher and closed lower yesterday. The collapse of Hong Kong stocks led to the decline of the entire Asian stock market. The gold price was supported by the safe-haven demand in the early stage, but the rising yield of the 10-year US Treasury bond stopped the gold market from rising.

Gold prices turned down and closed. Investors are still waiting for the Fed to announce the result of interest rate decision at 2 am on Wednesday, which limits the recent trend of gold price. The gold market will still fluctuate around the current price before the result of interest rate negotiation.

Today's proposed amplitude is between 1792 and 1806. However, since the outbreak of the epidemic, the Federal Reserve has printed money to save the economy, buying $120 billion in bonds every month and keeping interest rates close to zero.

As a result, it ushered in hyperinflation, which was much higher than 2% of the Fed budget.

The minutes of the Federal Reserve meeting in June showed that with the economic recession over, the economy is recovering. Therefore, some officials of the Federal Reserve began to express that they should reduce the pace of asset purchases under appropriate circumstances last month.

However, at that time, more officials now said that the economy was not stable, and it was too early to announce the reduction of debt purchase. However, in recent weeks, Covid-19 Delta has once again aroused global concern, and the virus has alleviated inflation concerns to some extent.

It is expected to reduce the pressure on Fed officials to reduce their debt purchases earlier. Therefore, it is expected that the Federal Reserve will not announce the timetable for the reduction this time.

In recent years, China's birth rate is low, and the government has opened up its birth policy, canceling the one-child policy that began in the 1970 s and relaxing it to the second child; However, with the change of population structure and society, the new generation is facing different pressures of life.

The idea of having the next generation is not as active as that of the older generation, let alone having two! Earlier, in order to encourage fertility and show sympathy for parents' child-rearing expenses, the Mainland proposed to limit the class dates of all cram schools in China last month.

It has dealt a great blow to the stock prices of a number of listed tutorial industries. Just last Saturday, the mainland issued new regulations, instructing discipline training institutions to register as non-profit organizations in a unified way, and they will not be listed for financing in the future.

Investors are afraid that the mainland government will continue to intervene in different markets by administration, and Hong Kong stocks have collapsed. The Hang Seng Index plunged more than 1,000 points yesterday, only reaching the edge of 26,000 points, with a drop of 4.13%.

The Ifo business climate index in Germany unexpectedly declined, and the confidence index announced yesterday dropped from 101.7 in June to 100.8, which was lower than the market expectation of 102, indicating that the market is worried about the rebound of the European epidemic and the shortage of global supply chain.

It will bring possible resistance to economic recovery. The three major European indices developed individually, and the German DAX index fell by 0.32%; The CAC index in Paris, France rose by 0.15%; Britain's FTSE 100 index fell 0.03%. China strengthens market supervision,

Affected the opening performance of US stocks, China stocks led the decline, but the market first fell and then rose, and entered the performance announcement period of large-scale technology enterprises. Investors sneaked into the technology stocks, and Tesla, an electric vehicle manufacturer, rose more than 4%. The new york stock market rose for the fifth consecutive day.

Dow Jones index rose 0.24%, Standard & Poor's 500 index rose 0.26%, Nasdaq index rose 0.03% to close. The gold market opened higher and closed lower yesterday. The collapse of Hong Kong stocks led to the decline of the entire Asian stock market. The gold price was supported by the safe-haven demand in the early stage.

The highest rose to $1,812, but in the US market, the rise in the yield of the US 10-year government bond stopped the gold market, and the gold price turned down, reaching a minimum of $1,796, but investors still waited for the Fed to announce at 2 am on Wednesday

As a result of the interest rate discussion, the decline of gold price was limited, and finally it closed at $1,798, down $5.

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