Weekly

January 18th

Today's volatility range:

Faced with the biggest inflationary pressure since the 1950s, several Fed officials spoke last week to support the possibility of raising interest rates in March. Some investment banks have also reported that in order to cope with the worsening inflation, the Federal Reserve

Will raise interest rates five times this year. But the truth is, we have to wait for the Federal Reserve's meeting on interest rates from January 25th to 26th. Now that Fed officials have entered the silence period, the volatility of the gold market has narrowed. It is not clear that the gold price is expected to raise interest rates.

The exact period will fluctuate between 1780 and 1820. Today's suggested volatility ranges from 1806 yuan to 1823 dollars.
 

According to the economic data released by the National Bureau of Statistics of China in the last quarter of last year, in 2021, China's GDP increased by 8.1% year-on-year, slightly lower than the market expectation of 8.4% growth for the whole year. Plus domestic recent days

Many provinces and cities found Covid-19, and the relevant government immediately closed the area. Some researchers pointed out that China's zero-clearing policy would create a longer-term community burden and stifle economic growth. On the contrary, European and American countries are now dealing with epidemic situation.

The policy of co-existence with viruses is gradually getting results, with hundreds of thousands of shocking figures slowly dropping back to tens of thousands of digits every day. Therefore, in the long run, China's manufacturing industry may become unstable in supply due to the state of stopping and opening.

There is a risk that production will move out. Coupled with the political disputes between China and the United States, in the long run, it will lose out to western countries.

The mainland's economic growth was lower than expected, coupled with the lingering COVID-19 epidemic in China and Hong Kong. Yesterday, Hong Kong stocks opened higher and closed lower. The Hang Seng Index fell 165 points or 0.68% to close, and the market also shrank, with a record of 105.3 billion. Domestic production in the UK in November

The monthly growth of the total value has accelerated to 0.9%, which is faster than the expansion before the Covid-19 pandemic. In addition, with the opening of the Swiss Davos Economic Forum, the market expects that political and business leaders of various countries will make suggestions and promote mutual cooperation.

Normalize global economic production. Optimistic atmosphere pushed the market to rise. The three major European stock markets rose comprehensively yesterday, and the German DAX index rose by 0.32%. Paris CAC index rose by 0.82%; Britain's FTSE 100 index rose 0.91%.

Yesterday was Martin Luther King's Day, and the US stock market was closed for the holiday. Faced with the biggest inflationary pressure since the 1950s, several Fed officials spoke last week to support the possibility of raising interest rates in March. There are also reports from investment banks,

Said that in order to cope with the worsening inflation, the Federal Reserve would raise interest rates five times this year. But the truth is, we have to wait for the Federal Reserve's meeting on interest rates from January 25th to 26th. Now federal reserve officials have entered a silent period, and yesterday the gold market was again affected by the United States

After a long holiday, the volatility narrowed. The lowest price of gold was 1813.2 USD, the highest price was 1823.2 USD, the volatility was only 10 USD, and finally it closed at 1819.3 USD, up 1.3 USD.

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