Weekly

August 16 th
 
Today's volatility range:

The oversupply of US dollars also points to the rationality of the Fed's ability to latch up, but the uneven data drives more variables for the Fed to shrink its schedule. Apart from the unstable labor data, inflation seems to peak.

And the COVID-19 epidemic will not go away, which will complicate the bitmap of the next American Market Committee. It is expected that the gold market will still fluctuate next week, and its upward momentum will not decrease, giving it a chance to challenge $1,800.

Today's proposed amplitude is between 1772 and 1784.
 

Hong Kong's economy is improving continuously. Financial Secretary Chen Maobo said that the growth forecast for the whole year of this year was raised from the original 3.5% to 5.5% to 5.5% to 6.5%. Hong Kong stocks rebounded last week, led by technology stocks.

Hang Seng Index opened higher and closed higher last week, rising 0.53% to close. In Europe, the consumer price index of Germany increased to 0.9% in July from 1.29% in June, the three major European stock markets rose across the board last week, and European companies performed well.

Germany's DAX index broke a record high, rising 1.29%; The CAC index in Paris, France rose by 1.14%; The FTSE 100 Index rose 1.34%. The US Senate passed Biden's $1 trillion cross-party infrastructure draft, although the draft

It still needs to be approved by the House of Representatives, but the concept of infrastructure is enough to stimulate the traditional economic stocks sensitive to economic performance. The three major indexes of US stocks developed individually last week, and the Dow Jones index and the S&P 500 index rose and reached new highs.

They rose by 0.81% and 0.68% respectively, but the Nasdaq index closed down by 0.22%.

 
In the past Monday, when most Asian investors were still dreaming, the bears made a successful raid in the early morning with the latest non-agricultural data and the Fed is expected to start shrinking the table at the end of this year, throwing a value of 390 million in one minute

Gold, the gold market collapsed, the price of gold once fell below $1,700, only to $1,678 to make up the position obviously, with a drop of $85, and then the decline narrowed, closing at $1,730 that day, still falling by $33. The gold market was short

After Monday's frenzy, people's hearts became weak. The market was observing the inflation data released by the United States. The gold market performed relatively stably on Tuesday, and the volatility only expanded during the opening hours of the US market. The highest price of gold was $1,738, and the lowest price was $1,738

1718 dollars, closed at 1729 dollars, down 1 dollar. Tuesday's small decline paved the way for Wednesday's rise, ignoring the basic factors and considering the gold market with technical analysis alone. The daily price of gold fell for four consecutive days and was relatively strong and weak

The index was oversold, and a cross star appeared on Tuesday. The gold price was revised upwards. In addition, the US announced that the core consumer price index was expected to grow by 0.3% that night, indicating that inflation has cooled down and eased the pressure of Fed officials to raise interest rates.

The US dollar index fell below 93 points to 92.9, which contributed to the increase of gold price, closing at 1752 US dollars, up 23 US dollars. On Thursday, the price of gold was consolidated and almost closed flat. On Friday, the United States announced that the consumer confidence index of the University of Michigan fell in August.

It plummeted from 81.2 in July to 70.2, hitting a new low since December 2011, indicating that consumers expect uncertain economic prospects in the next few months. Although there are different reasons, it is still a lingering COVID-19 epidemic that affects employment income.

And super inflation has caused real wages to fall. After the consumer confidence index of the University of Michigan, the US dollar index plummeted, and the lowest fell to 92.50. The US dollar fell and gold appreciated. The gold price closed at 1780 US dollars, up US dollars.

In a week, it rose by $17.

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