Weekly

February 2 nd

Today's volatility range:

The price of gold rebounded for two consecutive days, rising above the psychological barrier of $1,800, but obviously there was pressure at the high level, and finally it only closed below $1,800, and the upward momentum was still insufficient.

It was not until the price of gold stabilized at $1,802 that the turnaround could be confirmed. Tonight, there is a change in the number of non-agricultural employment in the United States, and the market forecast data is only 207,000, which is a significant decline from last month.

The key is whether the Federal Reserve's observation of labor and inflation data before March will affect the slope of the rising curve of interest rate in March. Still, unless the situation in Eastern Europe is tense again, the long-term prospect of the gold market will remain weak.

Today's suggested volatility ranges from $1,792 to $1,805.

On the first day of the Year of the Tiger yesterday, Hong Kong stocks were closed. I wish you all good fortune and good health!

UBS, the European investment bank, announced yesterday that its performance in the fourth quarter of last year exceeded expectations. The market paid attention to the Bank of England's interest rate decision on Thursday.

It is expected that the interest rate hike will further boost the performance of the banking industry, and the three major European stock markets rose across the board. Germany DAX index rose by 0.65%; Paris CAC index rose by 0.74%; Britain's FTSE 100 index fell by 0.73%.

Gumu Company announced that it had a strong revenue in the fourth quarter of last year, and the news was welcomed by the market. In addition, the economic data of the United States performed well, with institute for supply management's manufacturing purchasing managers' index 57.6 points better than the budget, and the number of job vacancies reported by the American labor mobility survey also increased by 150,000.

The figures respond to Powell's earlier statement that the job market is very strong. He said that the current labor force participation rate in the United States is still lower than the level before the pandemic, but the overall unemployment rate has dropped to below 4%.

The most important thing is that the number of job vacancies in the United States now exceeds the number of unemployed. US stocks opened lower and closed higher, Wall stock market rose for three days in a row, and Dow Jones index rose 0.78%; Standard & Poor's 500 Index rose 0.69%; The Nasdaq index rose 0.75%.

The price of gold continued yesterday's rebound, rising above the psychological barrier of $1,800, but it was obviously too high to be cold. The situation in Eastern Europe became tense again. Ukraine announced on Tuesday that it would strengthen its armed forces. Ukrainian President Zelenski signed a decree that the number of armed forces would increase by 100,000 in the next three years. Many European countries have also expressed their support for Ukraine's fight against Russia. Investors took advantage of the tension in Eastern Europe, and the price of gold rebounded for two consecutive days, and rose above $1,800, with the highest seen at $1,788.8. However, it was obvious that the gold market was under pressure at a high level, and finally it only closed at $1,801.1, up by $3.9.

The price of gold continued yesterday's rebound, rising above the psychological barrier of $1,800, but it was obviously too high to be cold. The situation in Eastern Europe became tense again. Ukraine announced on Tuesday that it would strengthen its armed forces.

Ukrainian President Zelenski signed a decree that the number of armed forces would increase by 100,000 in the next three years. Many European countries have also expressed their support for Ukraine's fight against Russia.

Investors took advantage of the tension in Eastern Europe, and the price of gold rebounded for two consecutive days, and rose above $1,800, with the highest seen at $1,788.8. However, it was obvious that the gold market was under pressure at a high level, and finally it only closed at $1,801.1, up by $3.9.

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