Weekly

January 6th

Today's volatility range:

Yesterday, the non-agricultural changes doubled compared with market expectations, but this data instead supported the arrangement of the Fed to raise interest rates early. After that, the Federal Reserve announced the minutes of last month's meeting, indicating that the pace of raising interest rates will be accelerated, and hawkish remarks will put pressure on the price of gold.

Like yesterday's comments, it is difficult for the market to benefit the gold price if the Federal Reserve starts raising interest rates as expected. Today's suggested range is 1800 yuan to 1815 dollars.

Chief Executive Carrie Lam Cheng Yuet-ngor said that in response to the outbreak of Omicron virus in Hong Kong community, he decided to tighten epidemic prevention measures, including banning dining in the hall after 6 pm on Friday, and re-issuing a four-person gathering restriction order, which also announced the suspension.

Large-scale activities. In addition, flights from eight countries including the United States and Canada were also suspended. With the outbreak of The 5th Wave epidemic, the government tightened epidemic prevention measures, and many industries stepped into the cold winter, which hit investors' confidence. Hong Kong stocks opened higher yesterday.

After 33 o'clock, it turned to fall, and it fell deeper and deeper. The Hang Seng Index finally closed down by 382 points or 1.64%, falling below 23,000 points. Although the epidemic is still raging, experts from the World Health Organization say that there is much evidence that

Omicron COVID-19 variant virus causes milder symptoms than previous variants. There is a new strain of virus in France, but experts say it will not put pressure on the medical system, and British Prime Minister Johnson reiterated that Britain will not implement it.

Seal the city. The three major European stock markets rose across the board, and the German DAX index rose by 0.74%. Paris CAC index rose by 0.81%; Britain's FTSE 100 index rose 0.16%.

Last night, the United States announced the change of non-agricultural employment in December last year, and the number of employees doubled compared with market expectations, reaching 807,000. The risk market thought it was a good prospect, but the minutes of the Federal Reserve meeting released yesterday showed that, in the last one,

In the policy meeting last month, many officials proposed to raise interest rates faster. The records show that officials prefer to raise interest rates three times in 2022, each time by 0.25%, further raise interest rates three times in 2023 and raise interest rates twice in 2024.

However, it is not excluded that there will be faster and more frequent interest rate hikes. "Hawkish" remarks shook the investment market, the Dow Jones index fell from a historical high, with a loss of 1.07%, while the Standard & Poor's 500 index fell by 1.97%. Under the pressure of raising interest rates, Nasdaq

The Nasdaq index performed the worst, dropping 3.34%. Last month, the data of the number of non-agricultural employment was greatly improved, but it didn't hinder the rise of gold price. The reason is that the market has expected that on the eve of Christmas and New Year holidays, retail and catering employers are willing to hire more employees.

The price of gold rose to a high of $1,829.6, but the minutes of last month's meeting released by the Federal Reserve of the United States showed that the pace of raising interest rates would be accelerated, with 10-year Treasury bonds rising above 1.7% and the price of gold being suppressed. The lowest price of gold was $1,808.3, closing at $1,810.3.

Down 4.2 dollars.

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