Weekly

August 6 th
 
Today's volatility range:

Many Fed officials, including Federal Reserve Vice Chairman Clarida, made hawkish remarks many times, which made the gold market jittery. Due to the expectation that the rising interest rate will make the prospect of gold price gloomy, the short position made an effort yesterday.

The gold price once fell below the key of $1,800, but before the non-agricultural report was released, the bears did not dare to be more aggressive and closed at $1,804. The non-agricultural report was released tonight. According to the forecast of hawkish officials of the Federal Reserve,

The figures will be biased towards the growth momentum. However, small non-agricultural enterprises have explained that it is not that thing, but officials who have voiced their voices are the first clowns? See you at 8:30 in the future! The price of gold has changed, and today it is suggested that the volatility should be between 1795 and 1808.
 

Some bank economists predict that Hong Kong's economic growth this year is expected to exceed 6%. If the economy is to perform better, the prerequisite is that customs clearance with the Mainland can be resumed before the weak tourism and retail industries can be saved. The Hong Kong Government announced yesterday that,

In view of the fact that the tourism industry is still difficult to recover in the short term and the business environment is difficult, nearly HK$ 377 million has been allocated to the tourism and related industries. Hong Kong officials are in a dilemma, and the mainland has zero tolerance for the epidemic. Macao has recently added it

Of the four confirmed cases of Delta crown variant virus, He Yicheng, the chief executive of Macao, decisively closed the customs earlier and announced on Tuesday that the whole people were required to be tested, which can be said to fully match the national conditions. The Macao SAR industry is relatively simple, and the main income is

It comes from the lottery industry and has a small population, so it is easier to implement the policy. Hong Kong's population density is world-famous, and its economy is extroverted, with a large number of economic sectors. Finance, trade, tourism and logistics have a greater impact on the latter two.

It is not conducive to economic recovery, because it is politically incorrect and compared with Macao. "Sealing and not sealing" has become the current pain of the SAR Government.

 
The official media once again issued a document, saying that the tax revenue of online game industry should not get preferential treatment, but should be paid to traditional industries. Tencent led the decline, and the Hang Seng Science and Technology Index fell nearly 4%, which caused the Hang Seng Index to fall 0.84% yesterday. The Bank of England announced the interest rate decision yesterday.

Keep the interest rate unchanged at 0.1%, and maintain the scale of assets purchased at 895 billion pounds, which is in line with the market expectation. The Bank of England expects inflation to continue to heat up and will rise to 4% in the fourth quarter of this year, and the central bank also said that when interest rates rise,

After reaching 0.5%, the central bank will implement the scale reduction. The stronger wording of the minutes of the British Monetary Policy Committee shows that British banks are changing their monetary policy attitude. The three major European stock markets developed individually, and the German DAX index rose by 0.33%;

The CAC index in Paris, France rose by 0.52%; Britain's FTSE 100 index fell 0.05%. Last week, the number of initial jobless claims in the United States reached 385,000, which was in line with market expectations. The number of people who continued to receive unemployment benefits fell to less than 3 million, the lowest since the outbreak of the epidemic in March last year.

In addition, many companies announced their ideal performance yesterday, and the three major indexes on Wall Street continued to rise, and the Dow Jones index rose by 0.78%; The S&P 500 Index and the Nasdaq Index re-entered a new high in the market, rising by 0.60% respectively; Up 0.78% to close.

 
Many Fed officials, including Federal Reserve Vice Chairman Clarida, made hawkish remarks many times, which made the gold market jittery. Yesterday, the highest price of gold was $1,815. As it is expected that the rising interest rate will make the prospect of gold price gloomy, the bears exerted their strength last night.

The gold price once fell below the key of $1,800, with the worst value of $1,798. However, before the non-agricultural report was released, the bears did not dare to be more aggressive, and the gold price finally closed at $1,804, down $8.

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