Weekly

November 17th

Today's volatility range:

Yesterday, the US retail sales data outperformed expectations. Before the data was released, the bulls stole the gold price, and the highest price was $1,877. However, the data also stimulated the rise of the yield of US dollar and US 10-year Treasury bonds, which finally hit.

The price of gold fell. At the same time, Federal Reserve official Brad called for increasing the debt reduction to more than double the monthly debt reduction to 30 billion US dollars, so as to end the scale reduction early to cope with high inflation. He even predicted that the Federal Reserve would raise interest rates twice next year.

Hawkish words shook the gold market, and the price of gold closed at $1,850, which was close to the lowest level of the day. Worried that the sustained inflation in the market will eventually lead to the intervention of the Federal Reserve, the price of gold has made a false breakthrough and will be consolidated at $1845 to $1865.

Maintain today's suggested volatility at $1,848 to $1,862.

The top leaders of China and the United States had an interview by video yesterday. Although the whole meeting did not talk about the actual details of cooperation, the atmosphere was harmonious. The Chinese side showed their bottom line and position, and stressed that China and the United States should get along in the new era.

Adhere to the three principles of mutual respect, peaceful coexistence and win-win cooperation, and be willing to form a consensus with Biden and take active actions; Biden stressed that the United States would pursue the "one China" policy, but strongly opposed unilateral changes.

The status quo of the Taiwan Strait or the practices that undermine peace and stability in the Taiwan Strait, finally, said that I look forward to having more sincere communication with Xi Jinping next time and discussing areas of concern to the United States. President Ji Jinping held a video meeting with US President Biden,

Among them, the atmosphere was harmonious, the stock market reflected positively, Hong Kong stocks opened higher, and then RMB strengthened, and the offshore RMB exchange rate once hit a high of more than five months, a high of nearly three weeks. RMB appreciation supports the upward trend of Hong Kong stocks, Hang Seng Index

It rose by 1.27% yesterday, for the sixth consecutive day.

The market still pays attention to the interest rate policy of the central banks in Europe, and it has become the key to the performance of the stock market. The market told the UK to raise interest rates early, and the UK FTSE 100 index fell by 0.34%. On the contrary, ECB President Lagarde reiterated that next year is unlikely.

Meet the conditions of raising interest rates, and still think that inflation will slow down next year, the stock market in the euro zone will rise day by day, and the DAX index in Germany will rise by 0.61%; Paris CAC index rose 0.34%. Last night, the United States released last month's retail sales data, which reached this year's record.

The strongest increase since March benefited from the better-than-expected performance of Wal-Mart, the largest retailer in the United States, and The Home Depot, the retailer of home decoration products, and the Dow Jones index rose. In addition, the first US dollar held video talks to look forward to the two countries.

Relations improved, US-funded banks issued a report to increase the annual return rate of the US stock market, and all three major Wall Street indexes rebounded yesterday, with the Dow Jones index rising by 0.15%; Standard & Poor's 500 Index rose 0.39%; The Nasdaq index also rose by 0.76%.

Yesterday, the United States announced that the core retail sales price index increased by 1.7%, exceeding expectations. Before the data was released, the bulls stole the gold price, and the highest price was 1877 dollars. However, the data also stimulated the increase of the yield of US dollar and US 10-year Treasury bonds.

Hit the price of gold. At the same time, Federal Reserve official Brad called for debt reduction to double to 30 billion US dollars per month, in order to end the debt reduction early to cope with high inflation, and he even predicted that the Federal Reserve would raise interest rates twice next year.

In Sanjin City, the price of gold closed at $1,850, the lowest in the whole day, and fell for the second consecutive day, down $12.

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