Weekly

September 28th.
 
Today's volatility range:

Another Fed official spoke. It is expected that the US economy will soon reach the threshold of delisting, and the Fed will soon withdraw from the market. Once the Fed starts to shrink its table, it will be detrimental to the trend of the gold market. But the American economy is still threatened by the mutant virus,

Affect the pace of recovery, especially in terms of employment data, which makes Fed officials in a dilemma, and the road to raising interest rates may be even further away. Federal Reserve Chairman Powell and U.S. Treasury Secretary Yellen will speak tonight, but it is not expected that there will be any substantive disclosure on delisting.

Yesterday, it was said that the gold market will be heated up by the debt crisis of Evergrande Group, and the demand for hedging will increase, which will benefit the gold price. The risk is that the yield of US debt will rise, and it will be reconciled yesterday. It is expected that gold prices will still fluctuate within a narrow range, maintaining the suggested volatility yesterday.

That is, between $1742 and $1755.
 

Following Fed President Powell's comments on Evergrande Group, yesterday, European Central Bank President Lagarde made a speech yesterday, which also mentioned this interior housing company facing huge debt default, saying that the company will only directly affect the economy of the euro zone, so the European Institute.

The risks are limited, but Lagarde added that how the Chinese government handles the Evergrande crisis will affect the Chinese economy and the local real estate market, and will have ripple effects on the economies of other parts of the world. Her remarks are obviously directed to.

In the way to remind. However, it is an ominous sign that Evergrande has not heard any news about debts due recently. Yesterday, after the Hang Seng Index opened lower, it rose more than 300 points, but then its trend weakened, and it closed up slightly by 16 points or 0.07%. President of the European Central Bank

Lagarde spoke yesterday, saying that the current inflation rise in the euro zone is only temporary. She said that she has reason to believe that the two factors driving up inflation in the euro zone, including energy prices and supply bottlenecks, will be resolved next year. European Banking Unit and Energy Unit.

Driven by the rising market, the three major European stock markets rose across the board, and the German DAX index rose by 0.27%; The CAC index in Paris, France rose by 0.19%; The FTSE 100 Index rose 0.17%.

 
Another Fed official spoke. It is expected that the US economy will soon reach the delisting threshold, the yield of 10-year US bonds will rise, and US stock investors will turn to bank stocks that are more sensitive to interest rates. On the contrary, rising interest rates will hit the performance of technology stocks. Yesterday, the three major indexes on Wall Street.

Individual development, Dow Jones index rose 0.21%; The S&P 500 index fell 0.26%; The Nasdaq index closed down 0.52%. The gold market opened higher in the early period, and Evergrande's default affected the market risk aversion. The highest price of gold was once US$ 1,761, but the European stock markets made good progress.

In addition, the yield of US 10-year bonds once rose above 1.51%, and the gold market began to fall, reaching a minimum of US$ 1,745, and closed at US$ 1,750 yesterday, with no increase or decrease.

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