Weekly

September 24th.
 
Today's volatility range:

The virus still threatens the global economy, and the performance of employment data in the United States is still uneven. The Open Market Committee of the United States reported that the Federal Reserve did not propose a timetable for reducing debt purchases after Thursday's meeting, but Federal Reserve Chairman Powell.

He said that if the economy continues to grow, the Fed Committee can make decisions more easily at the next meeting. From the bitmap, it can be seen that more members have turned into hawks, and the pace of raising interest rates in the market will be accelerated, which is not conducive to the trend of the gold market.

The gold market will hold a weak position, or try again yesterday's low of 1,738. If you wear it, you will have the opportunity to meet 1,720 US dollars. Today, the suggested volatility is between 1,738 and 1,755 US dollars.
 

Evergrande's debt default continued to cool down, and the Beijing Central Government finally voiced its voice, asking local governments to make preparations for Evergrande's collapse. It is understood that the central government requires the state and county governments to complete the package for Evergrande real estate with local enterprise resources.

Prevent uncompleted residential flats from causing public grievances. Evergrande said before that it had used off-site negotiation to solve the interest due yesterday, which also helped to alleviate the market's concerns about Evergrande's debt crisis. Evergrande Group rose by more than 17% yesterday, with two Hang Seng indices in succession.

The trading day rebounded and then rose 1.19% to close. Although Evergrande's share price rebounded yesterday, the debt it owed was too large, and Beijing's statement seemed to imply that it would not rescue Evergrande. And the central government's instructions to the state and county governments are only.

To maintain social stability. Therefore, it is the best policy for investors to buy fewer shares of Evergrande or uncompleted flats in Evergrande with low price.

 
Bank of England announced yesterday that it would keep the interest rate unchanged at 0.1% and maintain its bond buying scale. The central bank also announced that it would raise its forecast to 4%. The central bank explained that since the meeting of the Monetary Policy Committee last month, the recovery rate of global activities has been seen.

There are signs of slowing down, and under the background of strong commodity demand and continuous tight supply, the global inflationary pressure is still strong, and there are signs that the cost pressure may continue for some time. Influenced by the speech of the central bank's monetary committee, the British stock market.

After rising first and then falling, the FTSE 100 index in the UK closed down by 0.07%, while the stock markets in the Eurozone continued to do well. The DAX index in Germany rose by 0.88%, and the CAC index in Paris, France rose by 0.98%. After the public report of the Federal Open Market Committee, there were more members.

Turning to hawks, investors interpret it as a view that the economic outlook is continuously optimistic. The three major indexes on Wall Street rose by more than 1% yesterday, and the Dow Jones index rose by 1.48%. The S&P 500 index rose 1.19%; Nasdaq index rose 1.04% to close.

 
It is expected that the US will raise interest rates early, the yield of US ten-year treasury bonds will rise to 1.43%, and the US dollar index will also rise above the 93-point position. The price of gold was completely under pressure yesterday. The highest price of gold in the early period was $1,777, but then it went up and down.

The lowest price was $1738, and it closed at $1742, down $26.

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