Weekly

August 23 rd
 
Today's volatility range:

In the past week, the gold market failed to overcome the $1,800 mark, but failed to return, only recording an increase of one dollar. Global quantitative easing has seen its end, but the time has not yet come. The US economic data is going forward,

Inflation has reached the Fed's goal, which is due to the whereabouts of employment data. However, under the new normal of the epidemic, some enterprises require employees to have completed two doses of vaccination before returning to work, which will promote faster

To the group immune effect; And U.S. President Biden has officially announced that he will give the public a third shot of vaccine, which shows that even if Covid-19 does not disappear, the United States will exchange higher costs for economic recovery as soon as possible.

It is difficult for the employment figures to return to the pre-epidemic level in a short time, but life will be normalized, which is beneficial for future Fed officials to reach a contraction. It is expected that Powell will not speak at the global central bank meeting,

The gold market will continue to fluctuate next week, but it is relatively weak. The suggested amplitude is between 1773 and 1787.
 

The regulators in the Mainland are getting longer and longer. Tencent was criticized by name earlier, and its share price has plummeted and lost its position as the king of shares. Even though its published results are better than market expectations, it cannot support the rise of its share price. Strike from the mainland government

Since the beginning of education, until last week, the five media called for speeding up the improvement of Internet medical care, and the regulatory authorities kept making moves. The Chinese stocks were completely beaten, especially the new economy stocks, and the Hang Seng Science and Technology Index fell by 2.46%.

The Hang Seng Index plunged more than 1,515 points or 5.75% last week, losing 25,000 points, the lowest level in three weeks. With the increase of COVID-19 variant cases in the world, the economic prospect is in danger, and the price of crude oil is declining.

Investors chose to withdraw from the risk market. European stock markets fell across the board last week, and the German DAX index fell 0.43%; The CAC index in Paris, France fell by 3.26%; Britain's FTSE 100 index fell 1.81%.

 
The minutes of the July meeting of the US Open Market Committee suggested that the debt purchase could be reduced as soon as possible this year, while the key employment data fell for three weeks in a row, supporting the remarks of hawkish officials of the Federal Reserve, which was dragged down by the decline in cyclical stocks.

The Dow fell for four consecutive days, and the three major Wall Street indexes also reported losses last week. The Dow Jones index fell 1.04%; The S&P 500 index fell 0.45%; Nasdaq index fell 0.38%. The Taliban quickly occupied Afghanistan plus new york

The Federal Reserve Bank's manufacturing index dropped significantly, which boosted the price of gold. Later, the market reported that Britain raised interest rates early, and the US dollar index once went low, which stimulated the price of gold to rise. The highest price of gold was $1,796 last week. Announced on Thursday for the first time last week

The number of people applying for unemployment benefits has dropped for four consecutive weeks and hit a new low since the outbreak of the epidemic, indicating that the labor market is accelerating recovery. In addition, the United States announced on the same day that the leading index increased by 0.9% to win expectations, although the market is right

This data pays less attention, but it integrates various economic indexes and provides a clearer picture of the current US economy. After the data was released, the US dollar index soared to 93.56, suppressing the price of gold, which hit Monday on Thursday

After the new low, see $1774. Gold closed at $1781 on Friday, rising by $1 in both daily and weekly terms.

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