Weekly

Yesterday, the us dollar rose in tandem with gold, us stocks continued to hit new highs, supporting the performance of us dollar assets, the weighted us exchange rate rose to the 99 mark,

But the market is still in favor of gold, money continues to pour into the gold market, prices continue to improve this morning, again testing the 1580 resistance. No major U.S. economic data were released at the start of the week,

Following last week's upbeat economic data, both the U.S. dollar and U.S. stocks continued to receive support, with U.S. stocks hitting new highs and U.S. dollar prices also gaining traction as markets receded from concerns about the new coronavirus.

The market is more concerned about when the U.S. stock market rally will peak. With the dow Jones industrial average approaching 30,000 and the three major indexes hitting record highs, the market is in a buoyant mood.

In the early days, the European currency has been weak. After the euro lost the 1.1 level, it lost the momentum to rebound. The pound also moved lower than 1.3.

As low as $1,562. In the us city, federal reserve chairman colin Powell delivered a speech one by one, saying that the fed would implement a series of quantitative easing measures in the face of the next economic downturn,

These include buying lots of government bonds to lower interest rates; And communicate to the market constantly, make interest rate policy and forward guidance of the bureau clearer. Powell stressed,

The fed's QE will be aggressive if necessary. The comments sparked the performance of U.S. stocks and gold, gold prices saw a low rebound.

As early as this morning in the Eurasian market, gold prices continue to steady, maintain the challenge of the 1580 barrier resistance momentum. Technically, the early week of the gold price back has seen buying in the low to continue, below still should buy should not sell,

After two days of consolidation, it depends on whether gold can break through the 1580 mark, and if it can rise, it can extend the upside. Otherwise, gold's consolidation range will remain unchanged, but lower support will gradually increase.

The U.S. releases the consumer price index and weekly jobless claims tonight. The CPI data is more important, but last week saw a good week for new claims for unemployment assistance that led to a rally in the dollar,

We can also watch tonight to see if it will hit another low and help the dollar.