Weekly

April 4th

Today's volatility range:

It has been more than a month since Russia invaded Ukraine, and the investment market is still dominated by the war between Russia and Ukraine.

The uncertain situation between Russia and Ukraine provides unstable factors for the market, which is conducive to the rise of gold prices, but once the two countries reach an agreement, the price of gold will also accelerate its decline.

Last week, the latest economic data of the United States still challenged the Federal Reserve. Wages and personal core consumer price index continued to rise, indicating that inflation in the United States is still deteriorating.

Gold has traditionally been an effective investment tool to hedge inflation. Until inflation is effectively controlled in Europe and America, the long-term price of gold will remain bullish.

The suggested volatility today is $1908 to $1930.

There are not many important economic data next week, but pay attention to the minutes of last month's meeting of the Federal Reserve announced next Wednesday.

Last month's meeting was the beginning of the Fed's interest rate hike environment since 2018, and the content can be seen in the general trend of the Federal Reserve.

After that, there were also comments made by Fed officials on the economic prospects of the United States, which would be instructive for the next interest rate discussion.

The situation in Eastern Europe was repeated. At the beginning of last week, the two countries moved to Turkey for peace talks. Before the meeting, they showed sincerity to each other.

The market hoped that the fifth round meeting would have a chance to solve the worries of both sides and reach a peace agreement.

The highest number of Hong Kong stocks rose to 22,390, but the next day, Russia made a dramatic change and continued to push forward in Ukraine.

The atmosphere of Hong Kong stocks immediately faded, and the mainland epidemic spread in different provinces and cities.

After that, the mainland announced that the purchasing managers' index of China's manufacturing industry fell back to 49.5 in March, which was worse than the market In a week, the Hang Seng Index rose by 634 points or 1.97%.

Russia invaded Ukraine for more than a month, and the two countries created a good atmosphere before the negotiation meeting; After Ukrainian President Zelenski told Russia that he was willing to maintain a neutral position in peace talks with Russia, Russia also officially announced that it would stop military activities near Kiev and chernigov, so as to end the war between Russia and Ukraine with a peace agreement.

The news of the easing of the situation in Eastern Europe stimulated the European stock market to rise sharply at the beginning of the week, but then the Russian side reneged, and the Russian army continued to advance in Ukraine the next day.

The market risk aversion atmosphere reappeared, which narrowed the gains of the three major European stock markets.

In summary, the DAX index of Germany rose by 0.98% in a week; Paris CAC index rose by 1.99%; Britain's FTSE 100 index rose 0.73%.

The Russian-Ukrainian talks have reached a deadlock, and the Russian army seems to be fighting while talking.

Investors expect the situation to be unclear and enter a wait-and-see state; In addition, the rise of international oil prices has also weighed on the power of risk markets.

Although the United States announced the release of strategic oil reserves, which caused the price of new york oil to drop below $100 for a time, the personal core consumer price index of the United States still increased by 5.4% year by year, the highest point in the past 20 years.

The new york stock market fell under the pressure of inflation, but the unemployment rate of the United States dropped to a two-year low on Friday, and the US stock market rebounded slightly.

In summary, last week, the three major indexes of Wall Street developed separately, and the Dow Jones index fell by 0.12%; The S&P 500 index rose 0.1%; Nasdaq index rose 0.72%.

Russia imposed anti-sanctions on western countries, forcing the international oil price to rise.

The United States had no choice but to announce the release of strategic oil reserves last Thursday. After the announcement, the oil price fell, and at the same time, the attractiveness of gold was lowered.

In addition, the unemployment rate in the United States dropped to 3.6%, and the performance was better than expected, and the price of gold fell.

Last week, the gold price peaked at $1958.5, the lowest at $1918.1, and finally closed at $1925. In a week, the price of gold fell by $33.

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