Weekly

October 20 th.

Today's volatility range:

The yield of U.S. Treasury bonds jumped higher and lower, which affected the trend of gold market yesterday. The yield of 10-year U.S. Treasury bonds declined in Asian time, and the price of gold broke through the level of $1,780. After that, the market spread to US President Biden and the Democratic Party of the United States.

A consensus was reached on the budget coordination bill this week. If the bill is passed, it will further support the Federal Reserve Bureau to speed up the rate hike, and the yield of US 10-year Treasury bonds will return to 1.6%, which will limit the increase of gold price.

The price of gold has obviously consolidated between $1,760 and $1,780, and today's suggested volatility is between $1,762 and $1,776.

The Exchange Fund of Hong Kong announced its financial report for the third quarter, and recorded an investment loss of 13.2 billion yuan, mainly from investing in the Hong Kong stock market, with a loss of 26.3 billion yuan! The internal decline in futures mainly started from the incessant recruitment of mainland enterprises to supervise Kewang.

Coupled with the ideal idea of common prosperity advocated by the President of China, Hong Kong's stock market was shattered, and many foreign funds left the market to avoid risks. What is the concept of $26.3 billion? This year's Financial Secretary Chen Maobo's Budget.

According to the announcement of spending $36 billion to distribute spending cards to permanent residents over the age of 18, if the above losses are increased on average to support the public, each citizen can get an extra share of about $4,000.

Yesterday, the mainland stock market rebounded, and the yield of 10-year U.S. Treasury bonds danced high and low, which affected the performance of financial price, and fell back to below 1.6% during the Asian session. Hong Kong stocks opened higher and closed higher yesterday, and then rose by 1.5%. The Hang Seng Index has risen for three consecutive days.

With the demand for crude oil exceeding supply, the price of crude oil has been rising continuously, and the international oil price is approaching a 7-year high, while the oil group countries still refuse to increase production for the time being. The market expects inflation to bring pressure to enterprises, and the pressure of the global central bank to raise interest rates has also increased greatly, which is unfavorable to the stock market.

The three major European stock markets developed individually under the pressure of raising interest rates, and the DAX index of Germany rose by 0.27%. France Paris CAC index fell 0.05%; The FTSE 100 Index rose 0.19%. Yesterday, many American large-scale enterprises announced their ideal performance, which stimulated the stock price to rise generally.

In addition, U.S. President Biden met with his party friend, the Democratic Party members of the United States, and lobbied them to support the budget coordination bill this week, leading the optimism of the risk market. The three major indexes on Wall Street rose across the board, and the Dow Jones index rose by 0.56%.

The S&P 500 index rose by 0.74%; Nasdaq index rose 0.71%.

The gold market rose repeatedly yesterday. The low price of gold yesterday was $1,763, which was seen shortly after the market opened. After that, the yield of 10-year U.S. Treasury bonds fell below 1.6% during the Asian session, supporting the rise of gold price, with the highest price rising to $1,785. But the market spread to America.

President Biden and the Democratic Party of the United States reached a consensus on the budget coordination bill this week. If the bill is passed, it will further support the Federal Reserve Bureau to speed up the pace of raising interest rates. The yield of US 10-year Treasury bonds will return to 1.6%, and the price of gold will soften.

1770 dollars closed, up 5 dollars.

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