Weekly

September 21st.

Today's volatility range:

The virus still threatens the global economy, and the employment data of the United States is uneven. The market is observing the results of the Federal Reserve's interest rate meeting next week and the report of the Policy Committee meeting. The Federal Reserve will hold a meeting on interest rate tonight.

Although the Bureau may not propose to reduce debt purchase after this meeting, the general direction will be this year, and the remaining problems are only the timing and magnitude. Once the Fed starts to shrink its table, it will be unfavorable to the trend of the gold market.

Yesterday, the global stock market fell, and the gold market was boosted by risk aversion, but the upward pressure is still great. It is expected that the gold market will still fluctuate today, and the suggested volatility today is between 1745-1768 USD.

he explosion of Evergrande's clay pot was a disaster, because the amount of money it owed was bigger than the loss of Lehman Brothers in that year. However, the Chinese government, with its stated position, would not use the national resources to save this frequently bankrupt interior company.

Investors were worried that other interior stocks would be affected, and the financial market would also be affected, which would hit China's economic development, and even possibly jeopardize the global economic recovery. Investors withdrew from the stock market. Yesterday, the global stock market plummeted.

Yesterday, Hong Kong stocks fell by more than 1,000 points at most. Apart from the continuous fermentation of Evergrande incident, the market reported that the central government's hand in economic governance had extended to Hong Kong real estate stocks, asking Hong Kong real estate businessmen to help the Hong Kong government solve the housing problem in Hong Kong.

Local real estate stocks led the decline. The Hang Seng Index once fell below the 24,000 mark, and finally closed at 24,099 points, down 821 points or 3.3%.

Investors are worried that China Evergrande's debt crisis may affect China's economy and even the whole world. The prices of European financial stocks have generally fallen, and the three major European stocks cannot escape the fate of overall decline.

Germany's DAX index fell by 2.34%, and France's Paris CAC index fell by 1.74%. Britain's FTSE 100 index fell by 0.85%.

China Evergrande's debt crisis has impacted the financial market, and investors are worried that it will hit the global economic recovery. When the US stock market opens, it will undertake the decline in Asia and Europe, in which the Dow Jones index, which represents the traditional economy, opened lower and fell deeper and deeper, closing at 1.78%. Nasdaq index hit hard, down 2.19%; The S&P 500 index fell less, but it also fell 1.66% to close.

The explosion of Evergrande caused the global stock market to fall, and the VIX index, which reflected the market panic, once rose by 38%, reaching 28.8 points, and closed up by 19%, still at 24.8, which was the highest level in recent four months.

Investors pulled out of the global stock market, and funds flowed to the bond market. The price of US 10-year treasury bonds rose, while the yield of 10-year treasury bonds fell, thus boosting the price of gold.

Yesterday, the price of gold was as low as $1,742 and as high as $1,742.

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