Weekly

On March 4

Today's range:

Gold city although still concerned about Russia's invasion of Ukraine war situation, but has gradually returned to the fundamentals. Gold jumped to session highs after Powell's remarks, which were more conservative than previously widely reported

The steep rate hike path appears to be flat, that is, from the market expectation of a rate hike of 50 points in March to 25 points, relieving the pressure on the short-term rate hike in the gold market, the upward trend remains unchanged. Gold is still at $1,920

Consolidation between $1940, initial target is still $1960. Non-farm data tonight, widening range, recommended today at $1922 to $1,952.

To undertake the United States separated potential rose down, Hong Kong stocks opened nearly 200 points. Federal Reserve Chairman Jerome Powell, appearing before congress early, said he expected a series of rate hikes this year, with his preference for a 0.25% hike in March.

The Hang Seng index closed up 122 points, or 0.55 per cent, leading a rally in Hong Kong's banks, which rose between 2 per cent and 4 per cent on the news as the interest rate hike helped boost their margin performance

22467 points. The fall of Ersson, a port on Ukraine's southern coast, was the first major Ukrainian city to fall to Russia. But Germany follows a growing list of countries willing to provide more military aid to Ukraine

On Saturday, 1,000 anti-tank weapons and 500 surface-to-air missiles were transferred to Ukraine, while Germany's Federal Economy Ministry approved the delivery of more than 2,700 anti-aircraft missiles. In addition, the German government officially authorized

NATO Allies the Netherlands and Estonia could supply Ukraine with weapons made in Germany or stockpiled in the former East Germany. Expectations that the fighting in Ukraine could intensify also made markets jittery about the outlook for Europe,

Europe's three biggest stock markets fell nearly 2% again, with Germany's DAX down 2.09; In Paris, the CAC index fell 1.94 percent; Britain's FTSE 100 index fell 2.55%.

Russia-ukraine war continued, the two sides of the second round of talks is still no results, only reached agreement on humanitarian, and agreed to convene the third round of negotiations as soon as possible, the war crisis is still in, the US stock relative to Europe fell relatively small, road

The Jones index fell 0.28%; The STANDARD & Poor's 500 index fell 0.53%; The Nasdaq fell 1.56%. Appearing before a congressional committee for the second day in a row, Powell said the crisis in Ukraine had damaged the existing supply chain

Adding to the confusion, rising commodity prices will further push up U.S. inflation, said it is still unknown how the current rise in oil prices will affect the U.S. economy. But he reiterated that even Russia has ties with Ukraine

With the outbreak of conflict, the central bank will continue to do whatever it takes to stabilize prices, including raising interest rates and scaling back easing measures. Powell said the Fed must raise rates by a quarter of a percentage point in March and continue to do so throughout the rest of the year

The US needs to move away from low interest rates and say it will return to monetary policy rules at its July meeting. There is too much uncertainty, he added, so the Fed will be cautious on policy

Running-in.

 
Gold city although still concerned about Russia's invasion of Ukraine war situation, but has gradually returned to the fundamentals. Gold jumped to session highs after Powell's remarks as he was more conservative in what had been widely touted as a steep path to higher interest rates

The flattening path, from market expectations of a 50 point hike in March to 25 points, eased the pressure on the gold market to raise interest rates in the short term, with gold yesterday trading as low as $1922.1 and as high as $1941.3

It closed up $7.90 at $1,936.6.

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