Weekly

November 29th

Today's volatility range:

The global epidemic has rebounded, and there have been cases in China one after another, with the deterioration in Europe. In South Africa, a new variant of the virus Nu, which poses a greater threat to human beings, has been found. The virus is still a core problem, which will help to avoid risks.

The functional gold market, originally thought that this advantage would gradually disappear with the targeted medical system, but the ever-changing virus became a hidden worry, which became the uncertainty of the economy returning to normal. The prospect of gold price is unknown, but it has been

Like asthma, the price of gold will fluctuate in the short term. Today's suggested volatility ranges from $1770 to $1798. This week, Federal Reserve Chairman Powell gave testimony and released non-agricultural data, which needs special attention. The following supports are 1780 and respectively

$1758; The upper resistance is 1798 and 1817 dollars.

In addition to the uneasy atmosphere of the Fed raising interest rates in the market, the state constantly supervises the economic operation. Premier Li Keqiang holds a cautious view on the economic growth of the mainland next year, suggesting that the economy may slow down, and Hong Kong stocks.

Originally, it was weak, and finally it was detonated when Hong Kong became the first case of South African variant virus in Asia, and it fell to the edge of 24,000 points again. The Hang Seng Index has been falling for six days in a row, although Li Keqiang appealed to all provinces and cities in the world.

Accelerate the issuance and distribution of special bond funds. Although Hong Kong stocks rebounded slightly on Wednesday and Thursday, the variant virus threatened the global economy, and the global stock market plummeted, falling nearly 660 points or 2.67% last Friday, and Hong Kong stocks fell for two weeks in a row.

Last week alone, the Hang Seng Index has dropped more than 1,000 points.

The epidemic situation in COVID-19 continues to deteriorate in Europe, and the number of newly diagnosed cases in many countries has increased several times, reaching a record high. In Europe, vaccination users are reduced to children over 8 years old, so as to strengthen the protection of group immunity. epidemic

Unbalance the supply and push up the inflation in Europe, the European Central Bank, worried that the epidemic would destroy the economic prospects, adopted a more conservative policy, declared that it would retain the flexibility of the emergency aid fund for the epidemic, and intended to continue to stimulate the economy with labor.

Bank of England Governor Bailey is even more "slingshot", refusing to provide interest rate guidance, contrary to the previous tone of "raising interest rates"! However, the new variety of South Africa caused a global stock market crash, and the three major European stock markets fell across the board in a week. Germany

DAX index fell by 5.59%; Paris CAC index fell by 5.24%; Britain's FTSE 100 index fell 2.49%.

The stock market crash happened when the market resumed during Thanksgiving holiday in the United States. The new variant virus found in South Africa became the explosive to detonate the global stock market. After the Dow Jones index opened 450 points lower, it tried to drop more than 1,000 points at most. To sum up a week, Walter

Due to Friday's virus stock market crash, the three major street indexes erased the accumulated increase at the beginning of the week, and turned into a full decline, with the Dow Jones index falling by 1.97%. Standard & Poor's 500 Index fell 2.54%; The Nasdaq index also fell by 3.31%. On Friday, it was found in South Africa

The new variant of the virus became an explosive to detonate the global stock market. After the Dow Jones index opened 450 points lower, it tried to fall by more than 1,000 points at most, and the US dollar also quickly fell below the 96-point level, leaving safe-haven funds in the gold market, which once pushed up the price of gold.

Returning to the $1,800 building, the highest value is $1,816. However, the panic index rose to 28.6 points during the day, the second highest since this year. On the contrary, the United States announced that the GDP in the fourth quarter of last year contracted by 3.5% year-on-year.

Caused by the worst record in 75 years; Short sellers also chose profit-taking and cash as the king. The price of gold was forced back to the vicinity of the opening price, and rebounded slightly before closing, eventually rising by 5 dollars to close at 1,794 dollars. To sum up a week,

The price of gold fell by 52 dollars.

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