Weekly

November 9th

Today's volatility range:

Last Thursday and Friday, the gold market opened two big sun candles. In the absence of important data, the gold price rose again yesterday. Although the price of gold was tested at $1,810, it could still be the highest in two months, but it seems to be.

The crossbow is not strong. With tonight's US producer price index and tomorrow's US core consumer price index, it is doubtful whether the inflation data can break through the $1,830 mark again. Today's suggested volatility

1808 to 1830 dollars.

Singles Day is just around the corner. Since Taobao, a subsidiary of Ma Yun, launched the "Double Eleven Online Shopping Carnival" in 2009, consumers can get discounts to shop on the e-commerce platform. Of course, they are happy, and the most important thing is the platform business volume.

Every year, it has reached a new high. Just take the marketing volume of the two largest e-commerce platforms in the Mainland for the last four years, and the online sales on that day alone are all calculated in hundreds of billions, and the consumption in Hong Kong in July and August is 30%.

Stimulated by this, the total retail sales are still less than HK$ 56 billion. Based on this calculation, excluding the exchange rate, the sales volume of a platform in double 11 is enough to offset the total sales of Hong Kong in one year, which is really awesome!

The State Administration of Market Supervision once again ordered to regulate the online promotion activities of "double 11", including that during the promotion period, the platform should be properly closed and "the obligation of examination and verification should be implemented"; Strictly regulate the promotion behavior, and prohibit it.

False original price, non-performance of price commitments and other illegal ways to promote "and other misconduct, for this year's online shopping activities sales prospects add haze. State control, e-commerce platform, Internet stocks, Hang Seng

The index fell another 0.43% to close yesterday.

The epidemic situation in Europe has rebounded, and Bank of England Governor Bailey has made remarks about raising interest rates again, saying that if there is evidence that the rising inflation expectation affects the salary level, the Bank of England will have to take interest rate hikes. Europe's Big Three

Individual stock market development, in which the French stock market rose for 8 days in a row, and the CAC index in Paris, France rose by 0.10%; Germany DAX index fell by 0.05%; Britain's FTSE 100 index fell 0.02%.

After several months of negotiations, the Democratic Party and the Republican Party of the United States finally successfully passed the $1.2 trillion infrastructure bill proposed by President Biden in the House of Representatives last week, and it will be formal after President Biden signs the time agency later.

Legislation. The news stimulated the Wall Street stock market to continue to break its peak, and the Dow Jones index rose by 0.29%. Standard & Poor's 500 Index rose by 0.09%; The Nasdaq index rose 0.07%. America's economy is improving, but the dollar is falling instead of rising.

The market bet that inflation growth was better than economic recovery, the US dollar index fell nearly 94 points, and the Fed wavered in its stance on raising interest rates, supporting the gold market to rise. Yesterday, the lowest price of gold was $1,812 and the highest price was $1,826.

It closed at 1824 dollars, up 6 dollars.

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