Weekly

On March 3

Today's range:

Expectations of a possible outcome of the russia-Ukraine war in the coming week, reduced safe-haven demand and a federal Reserve rate hike of 0.25 percent in March that is all but certain, pushed gold prices lower yesterday. However, the chairman of the Federal Reserve

Powell's speech yesterday was still restrained and inflation can be expected to remain high in the near term. Yesterday, the view was too optimistic, gold did not reach the correction, but the upward trend has not changed, may be at $1920 to $1940

Yuan between consolidation, can go further. Today's recommended range is $1923 to $1933.

Hong Kong shares fell to their lowest level in nearly two years as Russia invaded Ukraine. Amid international economic pressure, sanctions on Russian banks and the freezing of Russian financial assets in the country, markets are worried about Europe

Banks' increased exposure to Russia could spill over into other countries' financial systems as the turmoil finally reached Hong Kong yesterday, with HSBC and Standard Chartered, both of which have significant operations in Europe, falling

The Hang Seng index fell 417 points, or 1.48 per cent, to close at 22,343, its lowest level in nearly two years. Russian forces are continuing their siege of The Ukrainian capital Kiev

Mr Putin wants to increase his firepower for a quick victory, but the Ukrainian people are so united in their resistance that it will be hard to take Kiev anytime soon.

Ukrainian President Volodymiel Zelensky delivered a speech to the European Union through a video, saying that "Ukrainians are giving their lives in defense of freedom." Zelensky's speech was so influential that it won the representatives of all EU member states

To a standing ovation and to accept Ukraine's application as a candidate for EU membership. Germany's DAX index rose 0.73 points as the European Union's unprecedented show of unity helped lift the mood. The CAC index rose in Paris, France

1.59%; Britain's FTSE 100 index rose 1.37 percent. A growing number of countries condemned Russia's aggression in Ukraine and joined the sanctions, though no country has yet sent troops to help defend the country,

But it is now almost universal support for the Ukrainian revolt, with more countries willing to provide Ukraine with military and economic aid than Russia's, despite overwhelming the Russian president's nonsense

The odds will diminish with each passing day, and the battle between the two countries could be decided in the coming week.

All three major Wall Street indexes rallied more than 1%, with the Dow up 1.79%, as investors hoped for a quick resolution to the russia-Ukraine crisis. The STANDARD & Poor's 500 index rose 1.83%; The Nasdaq rose 1.62%. beauty

Federal Reserve Chairman Jerome Powell told a congressional testimony yesterday that the U.S. economy is showing strength and that most members of the Federal Open Market Committee believe the U.S. is at full employment and that labor market growth is very strong

Strong, and yesterday's change in non-farm payrolls was similarly reflected. Powell described the current bout of rampant inflation in the United States as a result of rising commodity prices due to supply chain shortages,

He revealed that it could take three years to achieve the balance sheet reduction target and expects a series of rate increases this year, with his preference for a 0.25% hike in March. The market expects a russia-Ukraine war in the coming week

As a result, safe-haven demand eased and the Federal Reserve was almost certain to raise interest rates by 0.25 per cent in March, putting gold under pressure yesterday as low as $1,913.8 and as high as $1,948 at $1,928.7

Closed down $17.10.

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