Weekly

December 8th

Today's volatility range:

The virus and the Federal Reserve's early interest rate hike are competing for the market. The gold market has a strong wait-and-see atmosphere, as if waiting for the US inflation data on Friday, because the data will affect the Fed's decision to raise interest rates early. Is the price of gold there?

The direction will continue to fluctuate, and it is expected that the price of gold will still fluctuate between the two forces, the direction is unknown, and it will run rampant for a period of time at 1760 and 1800 dollars in the short term. Today's suggested volatility ranges from $1,774 to $1,788.

It is expected that communication between Hong Kong and the Mainland will resume before the end of the year. Chief Executive Carrie Lam Cheng Yuet-ngor said yesterday that there is an urgent need for customs clearance between Hong Kong and the Mainland; Think that there is a certain need to enter the mainland in economic business, business, official business, etc., and expect

When the quota is available, priority will be given to this group of people, but part of the quota will be opened to Hong Kong people who are not in business but really in urgent need. Yesterday, the Hong Kong Government revealed more details of customs clearance, indicating that it has started.

A series of preparatory work, such as setting priority groups for customs clearance, and considering the opening and early opening of land control points, have yet to be finalized, but the actual date that people are most concerned about. The People's Bank of China listed Hong Kong stocks on Monday.

After the market closes, it is announced that the deposit reserve ratio of financial institutions will be lowered by 0.5% on December 15th, 2021. This RRR cut will release about 1.2 trillion RMB.

Suddenly, the mainland announced the second RRR cut this year, which became explosive news. In addition, yesterday's import and export data of the mainland exceeded market expectations. Hong Kong stocks rose by more than 634 points or 2.72%, and the Hang Seng Index was close to yesterday's high.

24,000 points. After a week of repression of the South African variant virus Omicron, Fauci, director of the US Centers for Disease Control and Prevention, told CNN that so far, Omicron variant

The symptoms caused by it don't seem serious. People's fear of variant virus Omicron has eased, and the global limb market rose yesterday; The three major European stock markets bounced for two days in a row, with stronger elasticity, and the German DAX index rose by 2.82%.

Paris CAC index rose by 2.91%; Britain's FTSE 100 index rose slightly, rising nearly 1.5%.

The market's worries about the new variant virus Omicron further eased, further stimulating investors to enter the risk market. The US stock market rose for the second consecutive day, and the Dow Jones index rose by 1.4%. Standard & Poor's 500 Index rose by 2.07%;

The Nasdaq index rose 3.03%, the best performance since March this year. The wait-and-see atmosphere of gold price in the gold market is strong, which seems to be waiting for the US inflation data on Friday, because the data will affect the Fed's decision to raise interest rates early.

It continued to fluctuate in a certain direction. The strong opening of the U.S. stock market threatened gold as a safe-haven asset. The price of gold was as low as 1,772.3 US dollars, but the US dollar index was soft in the US market yesterday. The highest price of gold rose to 1,787.9 US dollars yesterday, and finally closed.

At $1,784.1, up $5.5, fully recovering the decline on Monday.

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