Weekly

October 29th.

Today's volatility range:

The third quarter GDP released by the United States yesterday was lower than expected, but the job market grew steadily, and the economic data of the United States were mixed, which reduced the gold price range. European Central Bank President Lagarde said after the interest rate meeting that the euro zone.

The growth in the third quarter was strong, which didn't meet the market expectation at present, but it indicated that the debt redemption activities of the Emergency Epidemic Fund should be slowed down, which will serve as a reference for the Fed to discuss interest rates next week. In the absence of important economic data in the market, gold prices try.

Breakthrough upward, but ultimately failed to stabilize $1,800. Upstairs closed, while the lower $1,780 remained solid. May have to wait for next week's Federal Reserve meeting on interest rates and non-agricultural data to have a new direction. Suggested volatility today.

At 1782 to 1804 dollars.

Ocean Park announced its results at an early date, with a net operating loss of 1.1 billion yuan. Ocean Park's revenue mainly comes from admission tickets. However, in order to comply with the government's epidemic prevention regulations during the financial year, Ocean Park had to suspend its business for 146 days.

After the park was reopened, it was also restricted by social distance, and the number of visitors dropped to 1.4 million, which was 36% lower than the 2.2 million visitors in the previous year, which was a record low. The audit of the park was even more important to the financial statements of Ocean Park.

"Can't express opinions", the situation is quite abnormal! On that day, on the grounds of the collective memories of Hong Kong people, the Government spent more than $12 billion before and after public funds to save Ocean Park, which was a huge loss of money! Will the Hong Kong Government?

The money recovered is in doubt. Hang Seng Index closed yesterday, and then fell 0.28% to close, falling for three consecutive days.

The European Central Bank announced yesterday that it would keep the current interest rate unchanged. European Central Bank President Lagarde said that the euro zone grew strongly in the third quarter, indicating that the threat of the epidemic to the economy is gradually decreasing, and it is expected that the economy will surpass that before the epidemic by the end of the year.

Level, is slowing down the use of emergency epidemic funds, the market estimates that as soon as next March, the European Central Bank will end the emergency policy. The market also predicts that the central bank will raise interest rates next year, but the European Central Bank will raise interest rates early.

There is no strong rebuttal, saying that the conditions for raising interest rates are still not met. The three major European stock markets developed independently, and the German DAX index fell by 0.06%. The CAC index in Paris, France rose by 0.75%; Britain's FTSE 100 index fell 0.05%.

The U.S. Department of Commerce announced that it still maintained growth in the third quarter, but the growth rate was lower than expected due to the surge of infection cases in COVID-19, supply shortage and persistent inflation. On the other hand, the US Department of Labor announced last night that the United States.

Last week, the number of people applying for unemployment benefits for the first time fell again, breaking the post-epidemic record for three consecutive weeks, showing that the labor force has steadily rebounded.

The U.S. stock market reported good news, and the three major indexes on Wall Street reached a record high together. Yesterday, many large enterprises in the United States performed well, and the labor market continued to grow, which enhanced investors' confidence in the market.

Up 0.68%; The Standard & Poor's 500 Index rose 0.98%, and the Nasdaq Index rose 1.39%, rising for four consecutive days. American economic data are mixed, and gold prices fluctuate and rise. Yesterday's third-quarter GDP fell short of expectations, but employment.

The market grew steadily, and the two data were positive and negative, which reduced the price of gold. The market expected the European Central Bank to raise interest rates early. However, after discussing interest rates, European Central Bank President Lagarde said that it did not meet market expectations at this stage and supported the rise of gold prices.

Yesterday, the price of gold was as low as $1,792 and as high as $1,810, and finally closed at $1,799, up $2.

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