Weekly

February 3rd

Today's volatility range:

The price of gold rose for three consecutive days, and once rose above $1,810.

The U.S. Department of Defense will deploy more troops to Eastern Europe, which has been approved by Biden. In addition, the United States recently announced that the number of non-agricultural employment dropped sharply by more than 1 million, the lowest since April 2020.

Two factors stimulated the rise of the gold market. The price of gold is above $1,802. If this position is successfully consolidated, there will be a chance to try again the next resistance of $1,815.

Today's suggested volatility ranges from $1,802 to $18,013.

According to Hong Kong tradition, every New Year's Day, the chairman of Heung Yee Kuk will go to Che Kung Temple to ask for a sign for Hong Kong people.

This year, Liu Yeqiang won the thirty-eighth sign for Che Kung for Hong Kong, which belongs to winning the lot. The content of the signature is: "People try to seek truth from the high side, and I will pick mustard from the low side;" It's better to obsess than to obsess over the stove, and don't teach to be a hero. "The attached cancellation sign is" Everything is old-fashioned and you are safe. "And there are broken sign content; "The family is prosperous, seeking wealth to one's liking, family is thrifty, taking sickness for a fast, killing yourself, avoiding prestige, getting married, abandoning me, not being handsome and beautiful, seeking a little wealth, not being greedy, being in the limelight, being ambitious, and losing something.

How to interpret this sign in the workshop, interested readers may wish to search by themselves. But the most important thing is the failure, the good fulfillment!

Yesterday, many enterprises in Europe announced their ideal results, and the market also expected that the US Federal Reserve's interest rate hike would not hinder the speed of economic growth.

However, the situation in Eastern Europe was heated up because the United States might send more troops on standby, which limited the performance of European stock markets.

Germany, the three major European stock markets, finally developed individually, with the DAX index of China falling by 0.02%; Paris CAC index rose by 0.22%; Britain's FTSE 100 index rose by 0.06%.

Gu's mother company announced a strong performance income in the fourth quarter of last year, and even announced a split of 20 shares and a split of shares.

The share price will naturally be adjusted downwards according to the split ratio on the day of clearing, which will help attract more small investors to enter the market, which is good news.

On the other hand, more companies announce good results and guide investors to enter the market. In terms of data, the change of non-agricultural employment announced yesterday showed a negative growth.

The market expects that the Federal Reserve will not raise interest rates aggressively in March, which will also benefit high-tech companies. Wall Stock Market rose for the fourth day in a row, and Dow Jones index rose by 0.6%. Standard & Poor's 500 Index rose 0.9%; The Nasdaq index rose 0.5%.

The U.S. Department of Defense continues to declare that, in addition to the 8,500 soldiers who have been waiting for orders to enter the alert state earlier, the number of troops deployed will continue to increase in response to the change of tension in Eastern Europe, which has been approved by Biden.

The news increased the demand for gold for safe-haven funds. On the other hand, the number of non-agricultural employment in the United States decreased by 301,000 in January, a new low since April 2020, when the COVID-19 epidemic broke out.

Weak labor data reduced the possibility of the Federal Reserve's interest rate rising curve going steep, and also boosted the performance of the gold price.

Yesterday, the lowest price of gold was $1,794.5, the highest price was $1,811, and it finally closed at $1,806.9, up $5.8.

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