Weekly

November 22nd

Today's volatility range:

The global epidemic has rebounded, and there have been cases in China, and the situation in Europe has worsened. Virus is still a core problem, which will benefit the gold market with safe-haven function, but the advantages of virus to gold price will follow.

The targeted medical system has gradually disappeared, and the price of gold has been bearish for a long time. The narrower neck bottle in the supply chain continues to push up inflation, so that the Fed has to speed up the pace of interest rate hike, and the rise in interest rate will suppress the price of gold.

There will be minutes of the meeting of the Federal Open Market Committee of the United States next week, and then we can see the positioning of the Federal Reserve. Last week, the gold market responded to the news of raising interest rates, and the price of gold dropped back to $1,845, which may be lowered again this week. Today's suggestion

The volatility is between $1833 and $1852.

Mainland real estate is one of the main engines of the country's economy in the past. Now, with the flameout, mainland economy is bound to slow down. Premier Li Keqiang has a cautious view on the mainland economy next year. Some experts say that China's economic growth is hard to guarantee 5% growth.

The mainland regulators have been taking anti-monopoly as the reason to launch measures to suppress the leading enterprises in the Internet. Last week, Alibaba announced its quarterly results. Alibaba's growth was the worst since its listing,

On Friday, the hit stock price plunged by more than 10% in a single day, which also became the main reason for the significant decline of Hong Kong stocks on Friday. To sum up, Hong Kong stocks fell by 1.1% in a week, and the Hang Seng Index faltered at the 25,000 mark.

The COVID-19 epidemic has worsened in Europe. On Thursday, German Chancellor Angela Merkel said that the fourth wave of COVID-19 epidemic has fallen into a dramatic situation, which is worrying. It is necessary to immediately curb the exponential growth of cases in COVID-19 to avoid medical institutions.

Collapse; German Finance Minister Scholz added later, saying that this winter, the unprecedented COVID-19 epidemic restriction measures will be implemented. On Friday, Austria suddenly announced the closure of the country, and it will force citizens to be vaccinated!

European Central Bank President Lagarde once again stressed that it is not the right time to raise interest rates. Last week, the three major European indexes developed individually, and the German DAX index rose by 0.31%. Paris CAC Index rose by 0.29%; British FTSE 100

The index fell by 1.69%.

Last week, the market expected Biden to sign a $1 trillion infrastructure bill. In addition, Biden will hold a video conference with Chinese President Xi Jinping this morning, local time, to hold bilateral talks on US-China trade relations and the Taiwan Province issue.

Investors responded positively to the opening of the market, pushing up the initial performance of the stock market, but the 30-year bond interest rate in the United States rose above 2%, which affected investors' choice. Traditional economic stocks fell, and the Dow Jones index fell by 1.38% a week. On the contrary, the new economic stocks are powered by electric.

Car support, Tesla CEO Musk has been digested by the market after reducing his share by 10% at a high price, and the share price rebounded by 10% last week; Apple's research on its own brand trams has entered a critical moment, and it is expected that it will be as soon as possible.

In 2025, the stock price of the products launched reached a new high, leading the S&P 500 index containing technology stocks to break the top again, rising by 0.32%; The Nasdaq index also rose by 2.31%, a record high.

The gold market fell last week. The United States announced that the core retail sales price index increased by 1.7%, which beat expectations. Before the data was released, the bulls stole the gold price, which reached a weekly high of 1,877 US dollars, but the market worried that sustained inflation would be provoked.

The Federal Reserve intervened, Federal Reserve Waller and Evans relaxed the eagle continuously, and the market longed for the United States to raise interest rates early. The US dollar index broke through 96 points on Friday, and the price of gold immediately fell, with the lowest seen at $1,843, and finally closed at $1,846.

It fell by 13 dollars on Friday. In a week, the price of gold fell by $19.

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