Weekly

On November 8th.

Today's volatility range:

The global epidemic has rebounded, and there have been cases in China one after another, or a narrower bottle in the supply chain continues to push up inflation. In addition, the central banks of developed countries around the world still have no confidence in the overall economic recovery and continue to maintain low interest rates.

Environment, favorable for the gold market outlook. The economic data of the United States continues to improve, especially the labor data has made great progress, which is unfavorable to the more conservative asset of gold. Last Thursday, with five consecutive years, it broke 1800 dollars.

And $1,810, the upward trend is more than enough. Today's suggested volatility is 1808 to 1825 dollars.

The epidemic situation in the mainland has rebounded, and 32 countries no longer give preferential tariff treatment to China's GSP. The market lacks confidence in the mainland market. In addition, the domestic property stocks have exploded again, and the new list includes Zhaoye and Shimao Real Estate. Hong Kong stocks in November

In the first week, it opened lower and went lower. Except for the rebound of 200 points on Thursday through the news of customs clearance between China and Hong Kong, the whole week suffered losses. To sum up the whole week, the Hang Seng Index fell by 506 points or 2%, falling for two consecutive weeks, with 25,000 points in jeopardy.

The United States reached an agreement with the European Union to end the tariff trade war from 2018 to the present, the loosening of international trade tax is beneficial to the development of enterprises, and the UK Manufacturing Purchasing Managers' Index outperformed expectations. The three major European stock markets opened higher last Monday.

Last Wednesday, the President of the European Central Bank Lagarde reiterated his interest policy stance yesterday, saying that it was impossible to raise interest rates before 2022. On Thursday, the Bank of England also surprised the market by announcing that it would maintain the current interest rate and stimulate the interest rate policy.

European stocks rose, and German DAX index rose by 2.33%; Paris CAC index rose by 3.08%; Affected by the rebound of epidemic situation in Britain, the stock market rose slightly, with the FTSE 100 index rising by 0.92%.

The economic data of the United States continued to improve. Last week, the number of first-time jobless claims in the United States fell for five consecutive weeks, hitting a new low since the outbreak of the COVID-19 epidemic in the United States. Last Thursday, the United States Federal Reserve announced that it would keep the interest rate meeting unchanged, and last Friday, it did not change.

Last week's non-agricultural data and unemployment rate also exceeded expectations, reflecting the continuous improvement of the labor market and the improvement of the average hourly wage income in the United States. This is a better employment signal, and employers are willing to raise salaries to attract new employees.

To sum up, week after week, the economy improved, which benefited the risky market. Dow Jones index, Standard & Poor's 500 index and Nasdaq index broke the peak continuously, and the income-generating market reached a new high, rising by 1.38% and 1.88% and 2.77% respectively.

Last week, the gold market rose. Last week, the Federal Reserve announced that it would keep the interest rate unchanged. Federal Reserve Chairman Powell said that although the bureau initiated the action of reducing debt purchases, it did not mean that it would send a signal of interest rate policy, and stressed that it was not raising interest rates now.

The right time. However, the Bank of England unexpectedly failed to raise the central bank's interest rate. The words and actions of the two central banks were favorable for the rebound of gold prices. The market bet on the deterioration of inflation. Coupled with the effect of the Fed's failure to raise interest rates, the yield of US 10-year Treasury bonds hit a record high.

The lowest since October, supporting the upward trend of gold price. The lowest price of gold last week was $1,759, closing at a weekly high of $1,818. In a week, the price of gold rose by 35 dollars.

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