Weekly

October 25th.

Today's volatility range:

There is a bottle neck in the global supply chain, and crude oil has reached a new high in seven years, which further accelerates the possibility of rising and gold has anti-inflation function. However, the United States announced that the number of people applying for unemployment benefits for the first time fell last week, creating another epidemic.

The new low since the epidemic reflects the continuous improvement of the labor market. Powell suggested that the Federal Reserve decided to shrink its table in November, which is more likely to speed up the Fed's rate hike. The current price of gold should also reflect the contraction of the Fed.

In anticipation of premium news, the pace of interest rate increase has become a major variable in the gold market. Gold price stabilized obviously and returned to the rising center line of the district at the end of September, which should not be too weak. The key support is USD 1,780, and the next support is USD 1,766.

$1806 and $1820 above are resistance. Today's suggested volatility is between $1787 and $1802.

The National Bureau of Statistics announced that China's GDP in the third quarter increased by 4.9% year-on-year, which was lower than the market expectation. The employment data has also improved, and the newly announced newly-added urban employment population in China has exceeded 10.5 million, which has been achieved.

95% of the annual target; As for the national urban survey unemployment rate, it was 4.9%, down 0.2 percentage points from last month. The surveyed unemployment rate in 31 big cities and towns was 5%, down 0.3 percentage points from last month. Another ideal but.

In September, the total retail sales of social consumer goods rose more than expected. On the other hand, Liu He, Vice Premier of the State Council, said that there were some problems in the real estate market, but the risks were generally controllable, and Evergrande, which was heavily in debt, paid unexpectedly.

The market sentiment is more positive because of the overdue interest of the first installment. The Hang Seng Index has risen for four consecutive weeks, rising above the 26,000 mark and rising 3.14% a week.

The performance of European enterprises is ideal, and the European stock market is generally rising. However, the World Bank published the report "Commodity Market Outlook", which predicted that energy prices will continue to rise next year after rising by more than 80% this year, but the increase.

It will be narrowed, but it will bring great risks to many developing countries. Continued inflation limits the increase of risk market, with the three major European stock markets rising every week, and Germany's DAX index rising by 0.16%. CAC Index of Paris, France.

0.19%; The FTSE 100 Index rose 0.2%. The US stock market rose across the board last week, thanks to the satisfactory quarterly performance of enterprises, and US President Biden met with members of the Democratic Party of the United States and lobbied them to coordinate the budget bill.

Support, lead the risk market optimism, the risk market is sought after, and push the Dow Jones index and the Standard & Poor's 500 Index to a new high. After a week's summary, the Dow Jones index rose by 1.29%; The Standard & Poor's 500 Index closed up 1.82%,

Nasdaq index also rose 1.69%.

The long and short gold market is contending, and persistent inflation warms up the risk aversion. The anti-inflation function of gold price has been brought into full play, and it once rose above $1,800, reaching a maximum of $1,814. However, the United States announced that the number of people applying for unemployment benefits for the first time last week fell to a big epidemic.

Since its popularity, it has reached a new low, reflecting the gradual improvement of the labor market. Federal Reserve Chairman Powell made a speech, saying that the Federal Reserve will complete its bond purchase reduction plan in mid-2022 as planned, and give an early warning to the market, saying that if the Federal Reserve sees inflation,

It is expected that the serious risk of rising will raise interest rates. The market expects the Fed to raise interest rates faster and limit the increase of gold price, and finally closes at $1,793, up $10. In summary, the price of gold rose by $25 a week.

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