Weekly

December 2nd

Today's volatility range:

Variant virus Omicron worries about global warming and increases market risk aversion. Small non-agricultural data may further support Powell's view and limit the increase of gold price. In the consolidation of gold price, it has repeatedly tested $1,770.

Yes, if you can't stabilize $1,780, you will try $1,762 next time. There are non-agricultural data on Friday. It is expected that the wait-and-see attitude of investors will become stronger today, and the volatility of gold price may be narrowed. Today, it is suggested that the volatility be between 1776 USD and 1788 USD.

The new variant virus Omicron wreaks havoc all over the world. One more patient in Hong Kong confirmed the virus, and the first cases appeared in several countries one after another. Some World Health Organization officials said that most patients with the new variant virus Omicron cases.

There are no obvious symptoms of infection, and there is no evidence that this new variant will have any influence on the effectiveness of the vaccine. The virus is so changeable, if the patient is as healthy as the world indicates, it is hard for the patient to find it around.

The power of communication will be greater, and it will also threaten human health! The European stock market rebounded sharply, and the three major European stock markets rose across the board, with the German DAX index rising by 2.47%. Paris CAC index rose by 2.39%; Britain's FTSE 100 index rose 1.55%.

In the early stage, the U.S. stock market continued its upward trend in Asia and Europe, and the small non-agricultural data was better than expected, which stimulated all three major indexes on Wall Street to rise by more than 1%. However, the first patient with Omicron was found in the United States, and the news of the earthquake spread to the market, which reflected the VIX index of market panic.

It rose sharply by nearly 15%. Before the market closed, the US stock market fell by more than 1%, and the Dow Jones index fell by 1.34%, with a high and low volatility of nearly 1,000 points. Standard & Poor's 500 Index fell 1.18%, falling below the 50-day moving average; The Nasdaq index fell the most, with a loss of 1.83%.

The gold price rebounded yesterday because of the demand for safe haven caused by Omicron virus. Shortly after the opening of the market in Asia, the price of gold reached a daily low of $1,772, and then rose to the highest of $1,795. However, after that, the labor data was made to support the Federal Reserve Chairman.

Powell let the eagle fly, limited the rise of gold price, and finally closed at $1,782, up $7.

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