Weekly

There was not much economic news to lead the market yesterday, with currency and gold markets relatively quiet, but the three major U.S. stock indexes broke high as fears of pneumonia in wuhan receded.

The dollar and gold were both expected to remain strong. Fed governors' upbeat outlook for the us economy supports asset markets.

Fed governor Susan bowman said current interest rate policy should help the economy expand. She expects the U.S. economy to continue growing at a moderate pace, with unemployment at a half-century low,

Will remain low, inflation will gradually rise to the 2 per cent policy target, and the overall us economic environment is very positive, which should provide broad support to the regional economy.

Daley, also President of the San Francisco fed, said China's economy would slow for two quarters because of the new coronavirus, but the impact on the U.S. economy would be limited.

She said the outbreak had not affected confidence in the economy and she would be watching the situation closely. In the current economic environment, it was better to accept that inflation was well above the 2 per cent target than slightly below the target.

While low unemployment has not pushed up inflation as much as expected, central Banks have been able to get the economy moving faster than expected and more people into jobs. But she thinks there are limits to monetary policy,

Fiscal policy needs to play a role in mitigating economic shocks, and investing in infrastructure, research and development, and education can increase economic productivity in the long run. Officials and governors are optimistic about the economy,

Support for the U.S. from falling to rising, the dollar also held steady, but the gold market was relatively stronger.

According to global gold ETFF holdings, gold purchases by exchanges have seen inflows for 12 consecutive trading days. Gold ETF holdings increased by 112,000 ounces as of Thursday,

So far this year, net inflows have reached 1.65 million ounces. Despite the favorable U.S. economic data and support for the dollar and U.S. stocks, investors are still happy to hold gold on a macro basis.

This is exactly what I've been saying, that the state of low global interest rates will eventually support a breakout in gold prices, which have been climbing since the market opened yesterday, but with little momentum,

In the early hours of the morning, gold started to recover from the 1576 level. Although gold continued to rise in the medium to long term, it would also be limited in the short term by the strong U.S. dollar and U.S. stocks.

The high is not to be reached unless it stabilizes above 1,580, extending the upside, and the U.S. is also short of important economic data tonight,

However, a number of officials in Europe and the United States have made speeches that could have implications for global interest rate policy.