Weekly

December 1st

Today's volatility range:

Variant virus Omicron worried about global warming and increased risk aversion in the market. The price of gold hit nearly $1,810 yesterday, but Powell said he would consider stopping the market stimulus plan and threatened that it was appropriate to consider it.

End the asset purchase reduction plan early, and the price of gold fell. The environment for raising interest rates is already brewing, and the gold price is weak in the market outlook. Tonight's small non-agricultural data may further support Powell's view and test the support of $1,770.

Today's suggested volatility ranges from $1,770 to $1,785, which is still desirable.

Countries around the world are really hearing about the new variant virus. The reason is that the piercing protein of the South African variant virus Omicron has more than 30 mutations. Because the piercing protein is the mechanism and scientific principle of the combination of virus and human cells.

It's actually more contagious. The World Health Organization also reported that some of these mutations were related to higher transmission rate and lower antibody protection. Even though Japan implemented the measures of locking the country for the first time, it still became the number one in Asia.

Cases of Omicron infection have been found in two regions and more countries in Europe and America. What is even more frightening is that the vaccine may be ineffective against variant viruses; Yesterday, the chief executives of Pfizer and Mardner, two authoritative pharmaceutical companies

Executives have expressed to the media one after another that the efficacy of the existing COVID-19 vaccine against the virus Omicron may be poor.

One more patient in Hong Kong has been confirmed to be infected with Omicron virus. Among at least 18 cases in the world, Hong Kong accounts for one-sixth of them. In the face of the menacing virus, the Hong Kong government seems to be at a loss, and there is no more relevant action.

The aircrew is still exempt from quarantine. Once these people are allowed to enter and leave freely, causing community infection, Hong Kong's economy will fall again. Concerns about the variant virus increased, and Hong Kong stocks fell again yesterday, with the Hang Seng Index dropping by 377 points or 1.58%.

Close the market. To sum up, throughout November, the Hang Seng Index plummeted by more than 1,900 points, which was the largest decline in the global stock market! The variant virus Omicron seems to be spreading in Europe, and there is a suspected community outbreak in Scotland due to the infection of soccer players.

Worried about the virus hitting the economic prospects, investors retreated from the stock market, European stock markets fell across the board, and Germany's DAX index fell by 1.18%; Paris CAC index fell by 0.81%; Britain's FTSE 100 index fell 0.71%.

Affected by the news of possible vaccine failure, US stocks continued the decline in Asia and Europe, but the situation was even worse. The reason is that Federal Reserve Chairman Powell continued to give testimony in the Senate last night, changing his previous view on inflation, saying that it was time to give up on it.

Inflation is only a "temporary" expression, and describes the economy as very strong and the inflationary pressure is high, saying that it is appropriate to consider ending the asset purchase reduction plan early. The three major indexes of Wall Street are falling more and more under the pressure of viruses and interest rate hikes, Dow Jones.

The index fell by 1.85%; Standard & Poor's 500 Index fell 1.82%; The Nasdaq index fell 1.55%. Yesterday, the gold market was on a roller coaster, and authoritative pharmaceutical companies Pfizer and Mardner pointed out that the efficacy of COVID-19 vaccine on Omicron might be possible.

Will be poor; Comments triggered the demand for safe haven, and the price of gold once rose above the $1,800 mark, with the highest reaching $1,809. However, after Federal Reserve Chairman Powell released his eagle, the price of gold instantly dropped by nearly $40, with the lowest reaching $1,770 and finally closing at $1,775.

The dollar closed down by 10 dollars.

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