Weekly

True or otherwise

2022-02-17

17 February

Today's volatility range:

The news of Russia's withdrawal is true or false, but its influence on the gold market does exist. However, the US Federal Reserve's interest rate hike path seems to have been digested by the market. As long as the interest rate hike in March is not more than 0.5%, it will have an impact on the investment market.

Will slow down, which is also beneficial to the price of gold. The gold market almost recovered its early decline yesterday, as shared on Tuesday, until the confrontation between Russia and Ukraine clears up, otherwise the situation in Eastern Europe will still completely dominate the gold market. Today's suggestion

The volatility is between $1864 and $1877.

To undertake the news that Russia announced the end of military exercises and withdrew some troops back to the base, Hong Kong stocks opened higher and closed higher, but the market turnover shrank significantly to HK$ 100 billion, the third lowest trading day this year, showing that

Investors still have reservations about the prospects, and there is still resistance at 25,000 points. The Hang Seng Index finally closed up 363 points or 1.49%. The Ukrainian defense minister announced the latest intelligence, and the report showed that Russia did not withdraw its troops.

There are still 140,000 troops stationed on the Ukrainian border. Ukraine, NATO and the European Union all expressed doubts about the withdrawal of Russian troops, and investors were worried about the geopolitical prospects under the confrontation between Russia and Ukraine, Europe

The three major stock markets fell across the board, and the German DAX index fell by 0.26%. Paris CAC index fell by 0.21%; Britain's FTSE 100 index fell 0.06%.

The United States released the minutes of last month's Federal Reserve meeting, which showed that officials took a moderate position. In the published minutes of the meeting, participants emphasized that the appropriate policy path will depend on the economic and financial development and its impact on the future.

And risks surrounding the prospect. Several participants said that the economy may not have reached the level that can meet the maximum employment. This may leave room for the Fed to raise interest rates faster and more effectively than the market expects.

Between. The situation in Eastern Europe was unstable, and the US stock market opened down. After that, the Federal Reserve released the minutes of last month's meeting, which was more than expected, which made the market scrutinize that the Federal Reserve would not have a more radical interest rate hike path, and the US stock market stopped falling and rebounded. Daozhi

The Nasdaq fell by 0.5% and 1% respectively, and then the minutes of last month's meeting released by the Federal Reserve showed that officials were not more eager to raise interest rates than the market forecast, the decline of new york stock market narrowed, and finally the three major Wall Street indexes developed individually.

Dow Jones index fell 0.16%; Standard & Poor's 500 Index rose by 0.11%; The Nasdaq index fell by 0.11%.

Last night, the latest January producer price index was released in the United States. The data showed that inflation rose sharply, and the figure increased by 1% from the previous month, doubling the expected 0.5%. The gold market immediately got rid of the trend of low volatility, and then repeatedly.

Rise. In the early period, the gold price was still affected by the news of Russia's withdrawal. The lowest price of gold was $1,850.3, and the inflation data in the United States was too strong. In addition, the news that the Russian army had not retreated in the early morning of this morning was once again boosted.

Investors' interest in entering the gold market, the highest price of gold once reached 1872.6 USD, and finally closed at 1869.5 USD, up 15.8 USD.

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