Weekly

On April 1

Today's range:

Uncertainty in Eastern Europe and market instability provide room for gold to rise, as well as U.S. economic data showing a rebound in unemployment last week and increases in wages and core consumer prices.

In a sign that U.S. inflation is still worsening, gold rose as high as $1949.9, but as noted in Thursday's article, there was short-term resistance at $1950, where it retreated to close up less than $5.

The gold market is still affected by the war in Eastern Europe and global inflation. The bulls and bears are still expected to struggle, but the US non-farm data tonight is expected to expand the volatility; Today's recommended range is $1912 to $1950.

Hong Kong's retail sector has suffered a sharp decline as the epidemic has taken a turn for the worse in recent days. Retail sales plunged 14.6 per cent in February from a year earlier, the Census and Statistics Department said yesterday, far worse than market expectations.

Some retailers said the government's figures played down the woes of the retail sector, which had survived the winter largely on coupons handed out by the government last year, from a low base in February.

The industry hopes that the outbreak will soon be over and the government will relax its community prevention measures. The second round of government coupons will revitalize Hong Kong's retail sector. Hong Kong stocks were attacked inside and outside yesterday, continuous

It fell on the second day. Investors were already wary after a night of falling European and U.S. stock markets amid renewed fighting in Russia and Ukraine, followed by a mainland report that China's manufacturing purchasing managers' index slipped back to 49.5 in March, missing market expectations

The Hong Kong stock market opened higher, but with the mainland and Hong Kong's retail sector falling sharply, the market was further hit by the expected impact of the epidemic on the mainland economy

The Hang Seng index lost 22,000 points to close at 21996, down 235 points or 1.1% on economic data.

Russia had earlier imposed counter-sanctions, announcing that "unfriendly countries" would have to pay in roubles for Russian oil and gas. But European countries are up in arms, and Germany, the country most dependent on Russian gas, has already cut some of that

With demand shifting to liquefied natural gas and no secret of investing more in clean energy, Russia's president, Vladimir Putin, signed a last-minute decree that "unfriendly countries" could continue to use the currencies of the original contracts

Settlement, subject to agreement with a designated Russian bank, which can immediately convert the proceeds into rubles. Although the new measures temporarily ease the European countries gas supply disruption crisis, but energy prices

A sharp rise is already a reality and will force higher inflation in Europe. All three major European stock markets fell, with Germany's DAX down 0.82%. France's Paris CAC index fell 0.68%; Britain's FTSE 100 index fell 0.49 percent.

The Russia-Ukraine talks reached a deadlock, the Russian military seems to talk while fighting, investors expect the situation is not clear, into a wait-and-see state; In addition, higher international oil prices also depressed the momentum of risk markets, although the United States announced a release of war

The personal core consumer price index rose 5.4 per cent on an annual basis yesterday, the highest in nearly two decades, despite a brief dip in New York oil prices below $100. New York stocks under pressure, Wall Street three

The big indexes fell for a second day in a row, with the Dow dropping 1.56%; The STANDARD & Poor's 500 index fell 1.37%; The Nasdaq fell 1.54%. Uncertainty in Eastern Europe and market instability have provided an upside for gold

Combined with U.S. economic data showing a rebound in unemployment last week and a rise in core consumer prices for wages and individuals, suggesting U.S. inflation is still worsening, gold rose as high as $1,949.90, but as of last week

In the short term, there was resistance at $1,950, with gold retreating ahead of that level and bottoming out at $1,1919.3 before closing up $4.50 at $1,1937.1, according to the fourth article.

For detailed analysis and suggestions, please CLICK the link below to join the group and contact the administrator
https://t.me/mingtakchat