Gold market analysis

2020-09-09

The problem in the border area between China and India worsened again. During the confrontation, a shot was fired. It was reported that the soldiers of the two countries clashed while patrolling the border. Afterwards, both sides accused each other of firing first. The Indian side has indicated that it is ready to respond with military force before, but yesterday, the Chinese side even spoke harshly. If the Indian army provokes again, the Indian side should have the consciousness of mass annihilation! The US Department of Defense also made an appeal yesterday. It is hoped that both sides will exercise restraint, seek to solve problems through dialogue and be willing to act as mediators. Taiwan President Tsai Ing-Wen yesterday called for the establishment of a democratic alliance to resist aggression, although Tsai Ing-Wen did not specify which country it was. However, it clearly implies that China's recent military activities in the South China Sea threaten the security of Taiwan and even Asia. As a matter of fact, after China's economic rise, it constantly exerted pressure on Taiwan in order to unify China. Require Taiwan to recognize its ancestors and accept its sovereignty over Taiwan as soon as possible; For example, in many world organizations, Taiwan has been shut out because of China's one-China principle. This time Tsai Ing-Wen took the initiative to invite foreign democratic countries. To counter China's military threat, it is estimated that the United States, which sells weapons to Taiwan, will take the lead in advance. In the military conflict, the United States has shown the influence of the world's first brother, and has not forgotten to continue to exert pressure on China economically. After US President Trump once again made a speech on decoupling from China's economy during the Labor Day holiday in the United States, It also intimidates American enterprises not to do business with China, otherwise these enterprises are not eligible to obtain contracts from the US federal government. Yesterday, the United States banned the import of cotton and tomatoes from Xinqiang because China forced Xinqiang Muslims to participate in labor. Yesterday, after the Labor Day holiday, the resumption of the market failed to reverse the decline, and finally the US stocks fell for three consecutive trading days. Dow Jones index fell 632 points, closing at 27500 points, or more than 2.3%. Nasdaq index fell more than 4%, closing at 10,847 points. A sharp drop of 465 points. Among them, Tesla failed to join the S&P 500 constituent stocks as expected by the market, and its share price plunged by 21%, the biggest one-day drop in history, and became the accomplice of the Nasdaq index underperforming the market. Geopolitical relations are tense, and there is no breakthrough in the new round of fiscal stimulus negotiations in the United States, which stimulates the rise of the US dollar index. The gold price fell in the early period due to the rise of the US dollar, reaching a minimum of 1908 US dollars per ounce, but the trend of US stocks is weak. Investors adjusted their risk appetite, and the gold price rebounded rapidly, reaching a peak of $1,941 per ounce, and finally closed at $1,932 per ounce, up by $4. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/joinchat/OEEaFRx9QcbOZE-aQzNSgg

2020-09-08

The problem in the border area between China and India has worsened again. The Indian side said that it was ready to respond with military force. It was unexpected that the two sides actually fired a gun in the confrontation yesterday. It is reported that soldiers of the two countries clashed while patrolling the border. Some Chinese soldiers first opened fire on Indian positions, which immediately triggered a counterattack. For the time being, I wonder if there were any casualties on both sides. I hope the situation will not deteriorate again. During the Labor Day holiday in the United States yesterday, US President Trump once again proposed decoupling from China's economy, saying that decoupling is an "interesting" word. If China and the United States really stop doing business, Beauty and beauty will not suffer. He said: "At present, the United States has lost billions of dollars, but if we don't do business with China, we won't lose billions of dollars. "although he did not indicate the reason for the loss, However, he added: "This is the concept of decoupling. We should first consider the US job market and bring back the investment in China. The United States will not only become the superpower of global manufacturing, but also create the fastest recovery in history. 」 In his speech, Trump especially praised the progress of the labor market recovery, boasting that from the first day he took office, his government took actions to create an environment for economic growth, employment and prosperity. According to the employment data released by the United States last week, the number of people applying for unemployment benefits for the first time was 881,000, the lowest since March, while the number of non-agricultural employment in the United States increased by 1.37 million, although it was slightly worse than the expected 1.4 million. However, the unemployment rate in the United States also dropped to 8.4%, which was better than the expected 9.8%. However, some experts questioned the water in the non-agricultural belt, because the US government temporarily employed 238,000 people in response to the 2020 census. In addition, United Airlines announced last Wednesday that it will let more than 16,000 employees take temporary leave from October 1, and Ford Motor Company also announced that it will lay off tens of thousands of people. Investors consider the improvement of employment situation, Imagine that the US Federal Reserve may not increase its monetary easing policy, and the US dollar index strengthened yesterday. Gold price fluctuated within a narrow range and closed at $1928 per ounce, down $6. The highest is $1941 per ounce, the lowest is $1925 per ounce, and the volatility is $16. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/joinchat/OEEaFRx9QcbOZE-aQzNSgg

2020-09-07

The cumulative number of infected people in novel coronavirus is close to 27.27 million, and the number of confirmed deaths has increased by more than 887,000. In the United States, about 40,600 people were diagnosed with new pneumonia yesterday. The cumulative number of infected cases exceeded 6.43 million, and it continued to be the country with the largest number of infected cases in the world. Geopolitics is still tense. The Czech Republic, which was relatively close to China, has seen obvious changes in relations between the two countries. Because Czech Senate President Vystrcil recently visited Taiwan, and Chinese Foreign Minister Wang Yi said that Czech political officials' visits to Taiwan have violated the "one China" principle, All countries that challenge China's sovereignty and integrity are enemies of the 1.4 billion Chinese people and want the Czech Republic to pay the price. However, the five EU countries visited by Wang Yi, including Italy and Germany, all said they did not accept Wang Yi's threatening remarks. Wang Yi's statement in Europe this time is obviously self-defeating, angering the EU and undermining the purpose of this trip. However, the problems in the border areas between China and India have worsened again, and the two sides accused each other of provoking each other first. The Chinese side pointed out that it did not build facilities beyond national borders, while India pointed out that China constantly made military reforms, developed, operated and deployed defense in sensitive areas. The Indian side indicated that it was ready to respond with military power; It is an indisputable fact that the situation in the South China Sea has aroused the attention of the United States. The United States has formed an alliance with Japan to monitor the situation, and a slight mistake may lead to a misfire. However, China will not be ignorant enough to implement the modern policy of "making friends abroad and attacking in close proximity". Go far away to make friends with people and become a giant attacking neighboring countries? Richard Jada, Vice Chairman of the Federal Reserve Board of the United States, talked about the interest rate policy other than inflation when attending the forum last week, and firmly stated that negative interest rates are not a good monetary policy, and will not raise interest rates just because the unemployment rate falls. Implies that interest will stay at today's level for a long time. On the whole, the employment data released last week is ideal. The number of people claiming unemployment benefits for the first time in the United States last week was 881,000, the lowest since March. However, the number of non-agricultural employment in the United States increased by 1.37 million, which was slightly worse than the expected 1.4 million, but the unemployment rate in the United States also fell to 8.4%, which was better than the expected 9.8%. While the U.S. stock market performed well at the beginning of last week, Dow Jones index once returned to above 29,000, and finally closed at 28,133 points, down 210 points a week, while Nasdaq index performed best at the beginning of last week, breaking its peak for three consecutive trading days and breaking through the 12,000 mark for the first time. But it fell before the weekend and closed at 11313 points, losing 400 points in a week. The US dollar index was booming in the stock market and rebounded at a low level of 91.8, reaching a maximum of 92.9. However, in the long-term low interest policy, it is difficult for the US dollar to return to strength. Affected by the US dollar exchange rate, the price of gold fluctuated sharply last week, with the highest value reaching 1993 US dollars per ounce, the lowest value reaching 1916 US dollars per ounce, and finally closing at 1934 US dollars per ounce, with a weekly decline of 31 US dollars. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/joinchat/OEEaFRx9QcbOZE-aQzNSgg

2020-09-04

The problem in the border area between China and India has worsened again. The two sides accused each other of provoking each other first. The Chinese side pointed out that it did not build facilities beyond the national border, while India pointed out that China constantly made military reforms. It is Si Mazhao's heart to develop, operate and deploy defense in sensitive areas, which shows that India is ready to respond with military force. On the other hand, the Indian government once again announced that, Another 118 Chinese mobile phone applications are banned, which means that these applications endanger India's sovereignty and integrity, India's national defense, national security and public order. This is the third time India has announced the ban on Chinese mobile phone applications. TikTok is the first time. India is a nation that loves singing and dancing culture. TikTok is exactly what it likes, but the people still unite and immediately abandon it, which is a manifestation of the spirit of unity and fear of foreign aggression. India wins the economic war first. Yesterday, the International Monetary Fund published an interesting report, that is, the global central bank's purchases in the past July. The report pointed out that the central banks of various countries only bought 8.2 tons of gold in total. It is the lowest net purchase since December 2018. According to the survey of the International Monetary Fund, there were seven central banks that increased their holdings of gold in July, of which Turkey was the most active and acquired 19.4 tons of gold; Eight central banks reduced their gold holdings, including Uzbekistan, which sold the most 11.6 tons of gold, Mongolia, which had reduced its gold holdings for three consecutive months, sold 6.1 tons more in July, and Germany, a larger economy, also reduced its gold holdings by 0.5 tons. However, the report added that although the purchase volume in July was not as positive as before, the net purchase volume of global central banks has exceeded 200 tons of gold since January 2020. In the old gold standard era, all central banks used the amount of gold stored as the guarantee for the country to issue banknotes, and the amount of gold stored by the central bank was also an indicator of the strength of the country's economy. However, after the financial tsunami in 2008, The central banks of all countries have saved the market with quantitative easing policy, and the gold reserve is no longer the guarantee for issuing money, so the gold standard exists in name only. However, it is still the only way for the central banks to purchase gold for stabilizing the national economy, and gold still has its investment value. Last night, the United States announced that 881,000 people applied for unemployment benefits for the first time in the United States last week was better than expected, which was also the lowest since March. However, institute for supply management's non-manufacturing purchasing managers' index of 56.9 was worse than the expected 57. Combining the two data and the changes in the number of non-agricultural employment announced at an early date, the number of employed people in the United States has improved, but the recovery momentum is still slow, resulting in a downward adjustment of the US dollar index from a high of 93.1 to 92.7 again, but it still increased from the previous day. The gold price fluctuated within a narrow range due to the trend of the US dollar index yesterday, with the highest value at 1951 US dollars per ounce and the lowest value at 1921 US dollars per ounce, and finally closed at 1931 US dollars per ounce, down by 12 US dollars. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/joinchat/OEEaFRx9QcbOZE-aQzNSgg

2020-09-03

Last night, the United States announced the changes in the number of non-agricultural employment. The market expects to increase 950,000 jobs, and the actual number is an increase of 428,000. The data is worse than expected, indicating that the US economy is still dragged down by new coronary diseases. Recovery is slow. However, the market hopes that the loose monetary policy of the Federal Reserve will continue, and the US stock market will continue to rise. The Dow Jones index will return to the level above 29,000, up 454 points and closing at 29,100 points. The S&P index also reached a new high, rising 54 points and closing at 3580 points, while the bullish Nasdaq index broke the peak again and broke through the 12000 mark for the first time, rising 116 points and closing at 12056 points. The stock market is booming, investors are more willing to pursue investment products with high risk bias, and the safe-haven function of gold has slightly retreated. In addition, the US dollar index has strengthened, rising from the low level of 92.1 to the highest level of 92.9, and the gold price fluctuated sharply yesterday. The highest value is $1,973 per ounce, and the lowest value is $1,932 per ounce. Although it rebounded by the "small non-agricultural data", it finally closed at $1,943 per ounce, down by $27. The cumulative number of infected people in novel coronavirus is close to 26.13 million, and the number of confirmed deaths has increased by more than 860,000. In the United States, about 36,000 people were diagnosed with new pneumonia yesterday, and the cumulative number of infected cases exceeded 6.29 million, continuing to be the country with the most infected cases in the world. Geopolitical tensions remain. When visiting Europe, Chinese Foreign Minister Wang Yi did not forget to criticize Czech Senate President Vystrcil's performance in visiting Taiwan, saying that visiting Taiwan has violated the "One China" principle. All countries that challenge China's sovereignty and integrity are enemies of the 1.4 billion Chinese people, and they want him to pay the price for his actions. A stone set off a thousand waves, and the five EU countries visited by Wang Yi, including Italy and Germany, all said they did not accept Wang Yi's threatening remarks. Italy is the only country in Europe that has signed a the belt and road initiative with China, and Germany has long-term economic interests with China. Wang Yi's statement this time is obviously self-defeating and undermines the purpose of this trip. On the other hand, the Sino-Indian border area is once again in dispute, and the conflict between the two countries with the largest population in the world is ostensibly a boundary dispute, but in essence it is related to economic interests. China is a world factory, cheap and good, accounting for a considerable proportion of global supply; India is also known as the office building in the world. Because of its English environment and technical talents, it provides back-office services for many multinational enterprises. Whose cheese will be stolen in the end? At this stage, the result is unknown. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/joinchat/OEEaFRx9QcbOZE-aQzNSgg

2020-09-02

Geopolitical tension, politicians wandering around the world to lobby is like the Warring States Period, uniting Lian Heng is wonderful! The Czech Republic, which was relatively close to China, has seen obvious changes in relations between the two countries. Because Czech Senate President Vystrcil recently visited Taiwan, Tezier attended the Economic and Investment Forum yesterday morning and signed three memorandums of cooperation with Taiwan, prompting Taiwan to increase its investment in the Czech Republic and Europe. In the afternoon, he went to Taiwan University of Political Science to give a speech, saying that he hoped this trip would help Taiwan open the door to Europe, and called on democratic countries to support Hong Kong people who are fighting for democracy. And say the slogan "I am Taiwanese" in Mandarin. Chinese Foreign Minister Wang Yi said that Czech political officials' visits to Taiwan have violated the "One China" principle. All countries that challenge China's sovereignty and integrity are enemies of the 1.4 billion Chinese people, and then the Czech consul in China will be summoned to inquire about the purpose of his Senate President's visit. Wang Yi himself also flew to Europe to visit five countries including Germany; Germany is the largest economy in the European Union, and it is also one of the western democratic countries that is more tolerant of China issues. One of the reasons is the long-term economic interest relationship between the two countries. On the other hand, it is the game between countries. The so-called shooting the first bird, there is a rising country that can replace the role that the United States is eyeing. Why not? On the other hand, if two tigers compete with each other, there will be one injury, or even two losses, and this is a big bargain. But in the end German Foreign Minister Maas also criticized China for threatening the Czech Republic. And urged China to withdraw the national security law of the port area and implement the principle of one country, two systems. These remarks cast a haze on the originally harmonious Sino-German relations. The U.S. stock market rose more and more. The Dow Jones index rebounded by 88 points, the S&P index rose by 14 points, and the bullish Nasdaq index broke its peak again, rising by 139 points. The performance of American stock market is completely out of touch with the global economy dragged down by new coronary diseases. Some investment banks' falling US dollar will further support US stocks and attract overseas investors to invest US$ 300 billion in the market. Become the driving force for the biggest rise of US stocks. However, the International Monetary Fund warned that if we want to assess the potential cost of this pneumonia crisis in COVID-19, it is estimated that the world will lose about 11 trillion US dollars this year and next. In other words, the world will be much poorer than before. Yesterday, the US dollar index continued to be influenced by the Fed's remarks. The US dollar index fell to a two-year low of 91.75. However, the institute for supply management Manufacturing Purchasing Managers Index released last night was 56, which was better than the expected 54.5, leading the dollar to rebound sharply to 92.47. The price of gold obviously fluctuated greatly under the influence of the trend of the US dollar. The highest is 1993 per ounce, the lowest is 1964 dollars per ounce, and finally it is closed at 1970 dollars per ounce, slightly rising by 3 dollars. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/joinchat/OEEaFRx9QcbOZE-aQzNSgg

2020-09-01

Yesterday, Hong Kong recorded nine confirmed cases of novel coronavirus infection, which fell back to single digits again in the past week. Unfortunately, there are still two people whose sources of infection are unknown! On the last day of the traditional summer vacation, the Education Bureau also announced the resumption of classes in the new school year. Kindergartens, primary and secondary schools will resume classes in stages on September 23, tentatively aiming at half-day face-to-face instruction. The SAR Government has also actively promoted the Universal Community Testing Scheme, calling on people who love their country, Hong Kong and their families to actively participate in the scheme. And the plan is fully supported by the central government. And mainland experts have been sent to Hong Kong for support. However, as of yesterday, only 550,000 people had registered, which was far lower than the 3 million people who loved their country and Hong Kong and supported the National Security Law of the Port Area. Is it true that people who love their country and Hong Kong do not love their families? Or are these supporters all virtuous people who put their personal interests behind others? Or is there another room? Perhaps Chief Executive Carrie Lam criticized someone for politicizing everything, but the public seems to be more worried about the follow-up policy after the test. Whether the SAR Government has adequate measures and long detailed plans to prevent the virus from erupting again in the community; We should know that the reason for the second outbreak of the virus is that the government is not thorough in implementing the health policy. On that day, the Chief Executive used humanitarian reasons, It is caused by allowing the crew and seafarers who come to Hong Kong to avoid picking up and testing and walking around at will! The cumulative number of infected people in novel coronavirus is close to 25.59 million, and the number of confirmed deaths has increased by more than 850,000. In the United States, about 32,000 people were diagnosed with new pneumonia yesterday, and the cumulative number of infected cases exceeded 6.26 million, continuing to be the country with the most infected cases in the world. Although the United States is still plagued by new pneumonia, the American stock market is still bullish, especially the Nasdaq index, which represents the new economy, has reached a new high of 11,775 points, while the shares of Apple and Desra Motors have been split. Attract more investors to chase after buying, which has made the market rise, which can be said to be an important contribution. Unfortunately, the Dow Jones index, which represents the traditional economy, rose first and then fell by 223 points, because the bank stocks were dragged down by the decline in debt interest. However, the performance was still the best in August in 23 years, with an increase of 6.6% in the whole month. In his annual speech last week, Federal Reserve Chairman Powell said that the average inflation rate in the United States would be allowed to be slightly higher than 2%. At one time, the remarks caused the dollar exchange rate to fluctuate greatly. Early this morning, Richard Jada, Vice Chairman of the Federal Reserve Board, talked about the interest rate policy other than inflation in the forum, firmly saying that negative interest rate is not a good monetary policy. Nor does it simply see the unemployment rate fall and raise interest rates, implying that interest rates will stop at today's level for a long time. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/joinchat/OEEaFRx9QcbOZE-aQzNSgg

2020-08-31

The cumulative number of infected people in novel coronavirus is close to 25.16 million, and the number of confirmed deaths has increased by more than 846,000. A recent survey in the United States found that 750 of the 1,500 American universities were infected. The number of confirmed cases exceeded 26,000, and the cumulative number of infected cases in China was about 6.14 million, which continued to be the country with the largest number of infected cases in the world. However, there are new developments in the treatment of new pneumonia in the United States. The Food and Drug Administration has approved the use of plasma from recovered patients for the treatment of new pneumonia virus. On the other hand, The US government is also considering speeding up the examination and approval of the vaccine jointly developed by AstraZeneca and Oxford University, and expects to use it before the November election. The above news about controlling new viruses is beneficial to the restart of the United States and the world economy. Geopolitical relations are still tense. Last week's Sino-US trade meeting was finally started by Chinese Vice Premier Liu He, US Trade Representative Wright Heze and Treasury Secretary Nuchin on August 25. It was reported that both sides had a good and constructive atmosphere at the meeting; The representatives of the two countries first agreed to strengthen the economic coordination policy between the two countries and evaluate the implementation of the first-stage trade agreement; Finally, the two sides agreed to create more favorable conditions and maintain communication in the future, and continue to promote the implementation of the first-stage agreement. It was thought that the trade conference between China and the United States would bring the two countries closer, but just after the conference, the conflict between China and the United States broke out again. The United States put 24 Chinese enterprises on the entity watch list, and the US State Department once again dealt with some Chinese individuals, The implementation of visa restrictions means that companies and individuals involved in China's construction of islands and reefs with sovereignty disputes in the South China Sea and its military operations. This action by the United States is to extend the front line to the military level to attack China. After that, the PLA reportedly fired four missiles into the South China Sea and landed in the sea area between Hainan Island and Xisha Islands. China's behavior not only shows that China's military performance has been pushed up to a higher level to shock other countries, It also highlights the unswerving attitude towards safeguarding the sovereignty of the South China Sea. US Defense Secretary Esper accused China of making every effort to expand its influence in Southeast Asia, especially in the South China Sea, and criticized Beijing for repeatedly violating its commitments under international law. Showing its military strength on a global scale, the United States is ready to deal with any threats in the relevant regions, and both sides have a strong smell of gunpowder. Japanese Prime Minister Shinzo Abe resigned due to illness and waited for his successor. However, Japan's close surveillance of China with the United States has become a riding tiger, which has increased the unstable factors. The data released by the United States last week were mixed, but the impact was not as good as a statement made by Powell, chairman of the Federal Reserve Board of the United States. He said that the average inflation rate in the United States would be allowed to be slightly higher than 2%, and then the US dollar index fluctuated sharply by 1%, pushing down the US dollar exchange rate in one fell swoop. Influenced by the annual speech of Federal Reserve Chairman Powell, As a result, the US dollar fluctuated greatly, and the price of gold also fluctuated greatly last week, with the highest value at 1977 per ounce and the lowest value at 1902 dollars per ounce, and finally closed at 1965 dollars per ounce, up 25 dollars from last week. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/joinchat/OEEaFRx9QcbOZE-aQzNSgg

2020-08-28

Yesterday, it was mentioned that the United States listed 24 Chinese enterprises on the entity watch list, and the US State Department imposed visa restrictions on some Chinese individuals, referring to relevant companies and individuals. Because of its participation in China's construction of islands and reefs with sovereignty disputes in the South China Sea and its military operations. This action by the United States is to extend the front line to the military level to attack China. Yesterday, the People's Liberation Army reportedly fired four missiles into the South China Sea and landed in the sea area between Hainan Island and Xisha Islands. China's behavior not only shows that China's military performance has been pushed up to a higher level, As a deterrent to other countries, it also highlights the unswerving attitude towards safeguarding the sovereignty of the South China Sea. US Defense Secretary Esper accused China of making every effort to expand its influence in Southeast Asia, especially in the South China Sea, and criticized Beijing for repeatedly violating its commitments under international law. By demonstrating its military strength on a global scale, the United States is ready to deal with any threats in the relevant regions. China's Ministry of National Defense responded that the United States took the initiative to provoke, and China's attitude was clear and clear: "One is against it, the other is not afraid". China will have the determination and ability to defend national sovereignty, security and development interests. However, we must know that according to the ruling of the Permanent Court of Arbitration in The Hague, the Netherlands in 2016, More than 1,200 hectares of artificial reefs and military facilities built by China in seven areas of the South China Sea have violated the sovereignty and security of the Philippines. Therefore, only God knows whether it is right or wrong. However, no matter what the outcome is, it is obvious that the Sino-US trade conference has not successfully cooled down the tension between the two countries. Back to the data released by the United States last night, first, the negative growth of GDP in the second quarter of the United States was 31.7%, which seemed to be quite different from the negative growth of 5% in the first quarter, but it was actually better than the negative growth of 32.5% in the budget. The reason is that novel coronavirus started to crack down on the American domestic economy only in March. Another data is that the number of people claiming unemployment benefits for the first time in the United States last week was slightly more than the expected 1 million. Shortly after the data was released, the US dollar index fluctuated by 1%, first dropping sharply to 92.4 and then rushing to 93.3. However, this large fluctuation is not related to the quality of the above data, but the theme of the annual speech delivered by Federal Reserve Chairman Powell. He said that the average inflation rate in the United States would be allowed to be slightly higher than 2%. As soon as he spoke, the market pushed down the exchange rate of the US dollar on the grounds that the real interest rate of the US dollar would be impaired due to the increase in inflation rate; But with the speech, The Federal Reserve is still keeping inflation under close control to stabilize employment, and has not issued more remarks to change monetary policy, so the US dollar is in a hurry again. Influenced by the annual speech of Federal Reserve Chairman Powell, the US dollar fluctuated greatly. Yesterday, the gold price also fluctuated greatly during this period, with the highest reaching 1977 per ounce and the lowest reaching 1910 dollars per ounce. It finally closed at $1929 per ounce, down by $24. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/joinchat/OEEaFRx9QcbOZE-aQzNSgg    

2020-08-27

The Sino-US trade conference originally scheduled for August 15 was successfully held the day before yesterday after several hard work. The meeting on that day was described as a good atmosphere and constructive; Both sides also agreed to create more favorable conditions and maintain communication in the future, and continue to promote the implementation of the first-stage agreement. The Trump administration of US President is also satisfied with China's implementation of the first-stage trade agreement. When everyone thought that the trade conference would break the ice for the relations between the two countries, Trump did not play cards according to common sense, and tried to attack China yesterday, putting 24 Chinese enterprises on the entity watch list. The U.S. State Department has imposed visa restrictions on some Chinese individuals, which means that companies and individuals involved in China's construction of islands and reefs with sovereignty disputes in the South China Sea and its military operations. This action seems unexpected, but it is reasonable to think deeply. Trump has been officially nominated as the presidential candidate of the Republican Party of the United States. In order to enhance his popularity, he showed that he wanted money and money. In order to have the ability to face each other, one hand is counting China, while the other hand continues to attack China, but the attack this time is on the military level! The filth of politics was understood by real Hong Kong people last year! Last night, the United States released data that the economy was favorable to the US dollar. First, the US core durable goods orders increased by 2.4% last month, which was better than expected, which was unfavorable to the trend of gold price. After the news was released, the price of gold dropped from a low of 1910 US dollars per ounce to 1902 yuan per ounce. Stay close to the 1900 level. Another data is the crude oil inventory in the United States last week, which decreased by 4.7 million barrels, reflecting that the American people not only showed signs of stability in long-term consumption, but also saw that the people have become accustomed to the epidemic. Slowly returning to daily life, the increase in gasoline is also increasing. It was thought that the data favorable to the US dollar would push down the gold price further. After falling to 1902 US dollars per ounce, investors who knew the goods entered the gold market one after another. In three minutes, the turnover reached 4.6 thousand lots, with a market value close to 900 million US dollars. In addition, the market expects that the annual speech delivered by Federal Reserve Chairman Powell will allow inflation to rise slightly, causing the US dollar to soften to below 93. Long-position investors immediately took control of the gold market, and the price of gold kept rising, finally closing at the highest level of $1954 per ounce yesterday. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/joinchat/OEEaFRx9QcbOZE-aQzNSgg

2020-08-26

Yesterday, the China-US trade conference, which was thought to have been postponed indefinitely, was finally started by Chinese Vice Premier Liu He, US Trade Representative Wright Heze and Treasury Secretary Nuchin. It was reported that both sides had a good and constructive atmosphere at the meeting; The representatives of the two countries first agreed to strengthen the economic coordination policy between the two countries and evaluate the implementation of the first-stage trade agreement; Finally, the two sides agreed to create more favorable conditions and maintain communication in the future, and continue to promote the implementation of the first-stage agreement. According to the investigation of the newspaper, at the initial stage when the first-stage agreement came into effect, China's procurement lags behind the commitment process, resulting in the purchase volume being far lower than the target set by the US. Recently, however, China has stepped up its efforts to purchase American agricultural products and crude oil. White House economic adviser Kudla also issued a statement after the meeting, saying that US President Trump administration is satisfied with China's implementation of the first-stage trade agreement. The relationship between China and the United States was tense earlier, and this trade conference narrowed the gap between the two countries, hoping to lay a solid foundation for the future and break the ice. Back to the pneumonia epidemic in China, which is often accused by US President Trump, the cumulative number of infected people in novel coronavirus is close to 24.03 million, and the number of confirmed deaths has increased by more than 822,000. About 50,000 people were diagnosed with new pneumonia in the United States yesterday, and the cumulative number of infected cases exceeded 5.95 million. It is still the country with the largest number of infected cases in the world, showing signs of rebound in the trend, and even reported by American media. Just six days after the school started, there have been many cases of group infection in 24 states of the United States. The economic data released by the United States last night were mixed. First, the Consumer Confidence Index of the American Economic Consultative Conference, The data unexpectedly dropped to the lowest point of 84.8 in two months, which is about 10% lower than the estimated 93 points, indicating that the virus still threatens the grassroots working population, and it is inevitable to be pessimistic about the prospects when the income is not guaranteed. Consumption will naturally shrink. Another data is better than expected, that is, the sales volume of new houses in the United States has risen to 900,000. Obviously, the income of the United States is higher and more stable. For example, people who are engaged in the financial industry or high-tech workers just take advantage of the low-interest environment to buy their own homes, thus making good investments. Sino-US relations eased slightly, and the US dollar fell slightly. The gold price fluctuated yesterday, and the volatility narrowed slightly to US$ 24 compared with the previous day, with a high of US$ 1938 per ounce. The low level once fell to 1914 US dollars per ounce, and finally fell by one dollar to close at 1928 dollars per ounce. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/joinchat/OEEaFRx9QcbOZE-aQzNSgg

2020-08-25

The U.S. stock market has performed well and has risen for three consecutive trading days. The Dow Jones Index and the Standard & Poor's 500 Index rose by 222 points and 26 points respectively, both of which rose by about 0.8%, while the Nasdaq Index hit a new high in the market. Up 132 points, or 1.2%. In the early period, Apple once rose more than 3%, reaching a high of $515.14, which was the first time in history to break through the $500 mark. Apple's share price has been rising from the low point in March, which has doubled about. It is also the first listed company with a share value of more than 2 trillion US dollars! A rising tide lifts all boats, and some media take the home of Apple CEO Cook as an estimate. The value of the company's additional shares alone has exceeded $1 billion. Is a real working emperor! There are new developments in the treatment of new pneumonia in the United States. The Food and Drug Administration has approved the use of plasma from recovered patients for the treatment of new pneumonia virus. On the other hand, The US government is also considering speeding up the examination and approval of the vaccine jointly developed by AstraZeneca and Oxford University, and expects to use it before the November election. The above news about controlling the new virus is beneficial to restart the US economy and stimulate the US stock market to do well. The cumulative number of infected people in novel coronavirus is close to 23.74 million, and the number of confirmed deaths has increased by more than 810,000. Although about 35,000 people were diagnosed with new pneumonia in the United States yesterday, the cumulative number of infection cases exceeded 5.9 million. It is still the country with the largest number of infected cases in the world, but there are obvious signs of decline in the trend, reflecting the government's effectiveness in controlling the disease. The US dollar rose last night, and the cases infected with new pneumonia in the United States showed a downward trend. In addition, the US government approved plasma therapy and accelerated the approval of new vaccines, which attracted venture investors to enter the US stock market and pushed up the US dollar index to 93.3. The price of gold fluctuated yesterday, with a volatility of US$ 35, and rose to yesterday's high of US$ 1,959 per ounce before the US market opened. However, due to the impact of the rising US stock market and the strengthening of the US dollar, the price of gold was rapidly pushed back to the US market of 1,924 per ounce. It finally closed at $1929 per ounce. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/joinchat/OEEaFRx9QcbOZE-aQzNSgg

2020-08-24

The Sino-US trade conference, which was thought to have been postponed indefinitely, surprised rashomon event! Gao Feng, spokesman of China's Ministry of Commerce, was asked in Beijing last Thursday whether the two sides would meet. "Both sides have agreed to hold a telephone conversation in the near future.". Although he did not mention the exact date, and did not further elaborate on the contents of the meeting to be discussed, he has sent a positive message that the trade conference is expected to reopen. However, the US side said that although it is satisfied with the implementation of China's first-stage trade agreement, especially the share of American agricultural products, it has not reached a consensus with China and has no timetable for returning to the trade meeting between the two countries. In a news interview, US President Trump even said that it is not necessary to do business with China. He said that if China does not treat the United States correctly, he will decouple the American economy from China. Who was lying at the China-US trade conference? Sino-US relations are still tense. US President Trang issued an executive order two weeks ago to complete the removal of two Chinese-funded programs TikTok and WeChat in the United States within 45 days. TikTok has officially taken legal action against the ban issued by US President Trump; The overseas version of WeChat changed its name in the United States, which is believed to avoid blocking. There are about 19 million users of WeChat in the United States. If it is really forbidden to use WeChat in the United States, This not only stifles the communication of WeChat users, but also hits the American economy, especially the retail industry, because many users are used to using micropayments to complete business transactions. Rumor has it that government officials are privately trying to make American companies such as Apple still have business dealings with WeChat in China, by limiting downloads and updates to the United States instead of the world. This arrangement is also based on economic interests. In recent days, senior government officials have been in contact with some companies, realizing that a total ban on WeChat may have disastrous effects on US technology, retail, games, telecommunications and other industries. Apple will be one of the most damaged American companies in the WeChat ban, but China is a big customer, and its market share accounts for one-fifth of Apple's revenue. The price of gold fluctuated sharply last week. After the news that Warren Buffett bought the world's largest gold mine stock, the price of gold returned to the level of 2,000 US dollars per ounce last week, reaching a maximum of 2016 US dollars per ounce, but on Wednesday night, The minutes of the July policy meeting released by the Federal Reserve showed that members were worried that the recovery of the US economy from the recession caused by the epidemic was full of uncertainties, which prompted the Federal Reserve to implement large-scale stimulus measures for a longer period of time. We agreed to keep the short-term interest rate target at 0-0.25%. Although experts have expected the interest rate and its policy to remain unchanged, the market still regards it as good news for the US dollar. The US dollar index rebounded at a two-year low last night and returned to the level above 93. Once pushed down the price of gold to 1911 per ounce, and the weekly high and low level was close to 100 dollars! Finally, it closed at 1940.5 per ounce. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/joinchat/OEEaFRx9QcbOZE-aQzNSgg

2020-08-21

原以為已無限期押後的兩國貿易會議，有望重開。當被問及美國是否退出首階段中美貿易協議時，美國總統特朗普發言時比較溫和， 他說：「拭目以待」，並讚揚中方購買美國農產品的份額，一反平時打咀炮模式，為兩國會議上留下了空間。 雖然白宮幕僚長梅多斯早前表示無計劃重新安排會談，但美方貿易談判代表萊特希澤，仍與中方代表保持定期聯繫。 所以已有傳會議有機會在今個星期召開。而昨日中國商務部發言人高峰在北京被問及雙方是否會會面時稱，「雙方已商定將於近日舉行通話」。 但他並有提及確切日期，也沒有進一步做詳細說明將會討論的會議內容。 全球新型冠狀病毒累積感染人數接近2.278千萬人，確診死亡人數增超過79萬人。而美國昨日再有約3.7萬人確診新型肺炎， 累積感染個案逾5.7百萬宗繼續蟬聯全球最多感染病例國家。美國昨晚公布的兩項比較重要數據， 正正反映早前美國聯儲局7月政策會議紀錄中有官員對美國經濟前景的憂慮，紀錄顯示委員擔心美國經濟從疫情引發的經濟衰退中復甦充滿不確定性， 擔心商業活動重啟是否能改善企業盈利能力，而勞工市場依然疲弱；而昨晚公布的美國上週首度申領失業金人數為110.6萬人，重上1百萬以上人數， 而另一項數據為美國費城聯儲製造業指數，公布數字為17.2，比上月有所下跌，也比預估的21為差。而昨日歐央行亦公布其上月貨幣政策會議記錄， 會議討論到新冠疲情正在歐洲激增，經濟前景不穩定，但各國政府已加緊預防疫情全面爆發，認為不一定全數使用1.35億歐元作緊急抗疫計劃。 美國昨晚公布的兩項經濟數據皆不理想，不利美元走勢，但歐洲央行的言論又引來市場流動性問題，限制了美元跌幅。美元指數昨晚收報92.7。 金價經前天急瀉72美元後作反彈並得力於美元走弱，金價昨日升17美元或0.9%，最後報每盎司1947美元收市。   如欲了解詳細分析及操作建議，歡迎CLICK以下連結入群及向管理員查詢 https://t.me/joinchat/OEEaFRx9QcbOZE-aQzNSgg  

2020-08-20

Yesterday, Hygaus hit Hong Kong, and typhoon signal No.9 was once hoisted at the Observatory. Usually, after a typhoon, there will always be a ruin, but this storm has blown away the optimistic atmosphere of the gold market. The price of gold plunged 72.4 US dollars or 3.6% yesterday, and finally reported 1929.6 US dollars per ounce, close to the lowest closing price of 1924.8 US dollars per ounce in the whole day. Try to analyze the reasons for this gold market adjustment. Let's start with the new COVID-19 epidemic. Although the novel coronavirus epidemic is still serious, there is no formal vaccine production to fight the virus. However, local governments have taken strict measures to control the spread of the virus. Take the United States as an example. The United States is the country with the most serious cumulative cases of novel coronavirus infection in the world, with more than 5.68 million people infected. However, data show that the number of single-day infections has dropped to the lowest level since the end of June. Bill de Blasio, the mayor of new york, which has the highest population density in the United States, said yesterday that the positive rate of novel coronavirus in new york dropped to the lowest level since the outbreak of the epidemic. After the positive reaction lasted for two months and was lower than 3%, This week, it dropped to a record 0.24%. Of the 64 hospitalized cases due to respiratory symptoms, only 6 were infected with novel coronavirus. It can be seen that the epidemic has really passed its peak. Second, the relationship between China and the United States is slightly dawning; First of all, the US Federal Bureau of Investigation said that China's improper handling of the epidemic was cited by local officials' corruption. This statement sounds reasonable, but does the Central Committee of the Communist Party of China have no responsibility at all? It's a matter of opinion, but in any case, it has prepared the next step for the supreme leaders of the two countries! On the other hand, the trade meeting between the two countries, which was originally thought to have been postponed indefinitely, is expected to reopen. When asked whether the United States withdrew from the first stage of China-US trade agreement, US President Trump replied, "We'll wait and see." Contrary to the usual mode of firing a gun, although White House chief of staff meadows said earlier that there was no plan to reschedule the talks, However, Wright Heze, the US trade negotiator, still keeps regular contact with Chinese representatives. It is rumored that the meeting will be held this week. Finally, regarding the economic factors in the United States, last night, the Federal Reserve Board released the minutes of its policy meeting in July. Records show that members are worried that the recovery of the US economy from the recession caused by the epidemic is full of uncertainties, and whether the resumption of business activities can improve the profitability of enterprises, while the labor market is still weak, etc. It urged the Federal Reserve to implement large-scale stimulus measures for a longer period of time and unanimously agreed to maintain the short-term interest rate target at 0-0.25%. Although all experts have expected the interest rate and its policy to remain unchanged, the market still regards it as good news for the US dollar. Last night, the US dollar index rebounded at a two-year low and returned to 93. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/joinchat/OEEaFRx9QcbOZE-aQzNSgg

2020-08-19

颱風「海高斯」襲港，香港天文台一度掛起九號烈風或暴風風力增強信號，相信今早大部份香港人可留在家中暫避風頭，確保人身安全。 但中美關係急劇惡化的暴風，我們是躲避不了的，因香港正正處身於這個暴風的風眼之中。中國副總理劉鶴原定在上星期六在與美國貿易代表萊特希澤， 舉行視像會議，檢視中美第一階段貿易協議的執行狀況，而中方亦於會議開始前兩天大量購入美國農產品，以表誠意，而白宮經濟顧問庫德洛表示， 滿意中方採購進度。但會議因程序問題而未能展開，亦未有宣佈復會日期。中美交惡，貿易因牽涉兩國之間經濟利益關係，可說是中美雙方唯一可正常溝通的渠道， 現今貿易會議無限期押後，兩國關係更是雪上加霜。美國總統特朗普則表示，這只表示中方希望取悅他的表面行為，而中國內心仍是希望他的競選對手拜登能勝出總統選舉。 今早特朗普在接受新聞媒體訪問時，透露是他主動取消了上周末與中國的貿易會談。提到處理美國新冠疫情時，特朗普更將矛頭指向中國， 表示：「中國對全世界的所作所為讓人難以置信。」   而全球新型冠狀病毒累積感染人數接近2.225千萬人，確診死亡人數增超過78萬人。而美國昨日再有約3.7萬人確診新型肺炎， 累積感染個案逾5.64百萬宗繼續蟬聯全球最多感染病例國家，特朗普之所以惱怒，亦並非無的放矢的；這個首在中國爆發的病毒，傷害了無數美國人的健康生命， 亦打擊了美國當前經濟，曾一度造成了美國大蕭條以來的最大的經濟倒退。國際貨幣基金組織出報告，指美元作為全球儲備貨幣的主導地位， 市場對美國國債需求維持強勁。尤其是在疫情爆發初期，美元擔當了避險角色，美元指數在今年3月曾升至102的高位，被嚴重高估，美元連續5日下跌， 元指數跌至逾兩年低位，昨日曾跌至92.13，以92.33收市。美元持續弱勢加上有「股神」巴菲特購入全球最大的金礦股的消息，金價昨日做好，重返2千美元水平， 最高見每盎司2016美元，最後收市報每盎司2002美元，升了17美元或0.8%。   如欲了解詳細分析及操作建議，歡迎CLICK以下連結入群及向管理員查詢 https://t.me/joinchat/OEEaFRx9QcbOZE-aQzNSgg  

2020-08-18

The cumulative number of infected people in novel coronavirus is close to 21.98 million, and the number of confirmed deaths has increased by more than 776,000. In the United States, about 34,000 people were diagnosed with new pneumonia yesterday. The cumulative number of infected cases exceeded 5.6 million, and it continued to be the country with the largest number of infected cases in the world. Last night, the United States released the index of the overall business situation of the Federal Reserve Bank of new york, which greatly deviated from the forecast of economists. According to the survey, the median budget is 15, while the reported figure has dropped from 17.2 last month to 3.7, and the expansion speed is obviously lower than expected, indicating that novel coronavirus continues to block the economic recovery momentum. Although the novel coronavirus epidemic is still serious, there is no formal vaccine production to fight the virus. However, because local governments have taken strict measures to control the spread of the virus, the epidemic situation can be said to have passed the peak period. However, the role of the dollar refuge has gradually declined, and some fund managers have played down the dollar exchange rate. This is the first time in nearly three years that a fund manager has played down the dollar. Earlier, the International Monetary Fund (IMF) published a report, pointing out that due to the impact of the pneumonia epidemic in COVID-19, the central banks of various countries continued to make quantitative easing to stimulate the economy, which aggravated the fluctuations in the currency and financial markets. Coupled with trade tensions, the balance sheets of many economies have reached historical highs. The IMF also pointed out that the US dollar was overvalued by 8% to 14% last year due to the high fiscal deficit of the United States. I am glad to see the recent depreciation of the US dollar to some extent. The report also mentioned that considering the dominant position of the US dollar as the global reserve currency, it is believed that the market demand for US Treasury bonds will remain strong. The US dollar index rose to a high of 102 in March this year, and then fell back and forth. It fell below 93 yesterday and closed at the lowest level of 92.8 yesterday. Warren Buffett has made new moves. He spent $560 million through its flagship investment company, Ba County, to buy BarrickGold, which is listed on the New York Stock Exchange under the code name "GOLD". We should know that Buffett has always been a value investor. He thinks that gold can't charge any interest, has no double growth effect, and has to pay storage fees and insurance premiums, which eats into the interests of the company, so it is not attractive at all. However, this time we switched to buy the world's largest gold mining stock, although we did not invest directly in gold, but we bought shares when BarrickGold did not report that we had found a new mining source, obviously seeing the potential of gold appreciation. Coupled with the Federal Reserve's unlimited quantitative and loose printing of silver paper, and the US government's continuous issuance of bonds to relieve the people's hardship, the US dollar continues to be weak, and Buffett can't watch the $130 billion in cash held by Ba County continue to depreciate. Although the investment amount of Warren is only a small amount, it can be said to be of great significance. With the continued weakness of the US dollar and the blessing of Warren Buffett, the price of gold did well yesterday, and finally closed at 1985 US dollars per ounce, up 40 US dollars or 2%. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/joinchat/OEEaFRx9QcbOZE-aQzNSgg

2020-08-17

上週俄羅斯研發的新冠疫苗已穫俄國衛生部通過，並命名為「衛星五號」，俄羅斯總理普京的女兒亦已接種該疫苗。 雖然俄羅斯是首個公布將研發新冠疫苗正式投產的國家，但世衛還未認可該疫苗，因俄羅斯並未公開第三階段臨牀試驗的研究報告， 敦促俄羅斯在研製新型冠狀病毒疫苗時要遵從國際社會的指引。全球新型冠狀病毒累積感染人數接近2.178千萬人，確診死亡人數超過77萬人。 而美國昨日再有約3.04萬人確診新型肺炎，累積感染個案逾5.56百萬宗繼續蟬聯全球最多感染病例國家。受新型冠狀病毒困擾，美國消費者支出依然疲弱； 上星期公布的美國核心消費價格指數上升0.6%，雖然這比預期上升0.2%增幅好，但美國平均時薪卻減少了5%，而實際個人收入亦減少了0.6%， 加上失業人數持續高企不下，上週首度申領失業金人數為96.3萬人，是3月14日以來首次跌破1百萬人，顯示經濟略為好轉， 但4星期平均申領失業金人數仍然超過1.25百萬人，預計美國勞工就業市場要在疫情得以控制才可改善。 原定8月5日公布的美國第二輪疫情紓困方案陷入僵局，媒體報導因民主黨的推銷3萬億美元份額與白宮及共和黨的數字差距太大， 在上週經多次會議後仍未能達成共識，美國總統特朗普將行使總統權力，去為救疫下達行政命令通過某部分方案。而市場亦憂慮兩黨會將精力集中於新一屆總統選舉， 第二輪疫情紓困方案可能會再度延遲。由於涉及新資金數字龐大，投資者缺乏耐性及迴避時間風險，美元匯價在無新刺激方案而下跌。 全球最大黃金交易所買賣基金─SPDRETF，上前週五錄得3.82億美元的資金流出，為本年三月以來最大流出，證明有大戶偷步獲利， 加上俄羅斯研發的新冠疫苗「衛星五號」的消息，金價在上週二暴跌，最大跌幅曾見每盎司損失了126美元，低見每盎司1863美元！隨着美元走弱，金價作技術性反彈， 並在1930至1960美元之間大幅波動，最後上星期收市報每盎司1944美元，整週計算仍下跌了91美元或4.5%。   如欲了解詳細分析及操作建議，歡迎CLICK以下連結入群及向管理員查詢 https://t.me/joinchat/OEEaFRx9QcbOZE-aQzNSgg  

2020-08-14

US President Trump announced at the White House yesterday that Israel and the United Arab Emirates reached a historic peace agreement and agreed to normalize relations after a three-way call. According to the agreement, Israel will suspend plans to annex parts of the West Bank. This news can be regarded as Trump's foreign policy of wooing the Middle East, which not only contributes to his re-election project, It also enlarges its territory in the policy of containing China. On the other hand, U.S. Secretary of State Pompeo, who visited the Czech Republic earlier, arrived in Slovenia nonstop, calling for not adopting Huawei's 5G network construction. It also signed a joint statement with Slovenian officials on "5G Clean Network Security" to exclude untrustworthy telecom operators. Pompeo called on free countries to unite against the threat of authoritarianism, Call on European countries to unite against the Communist Party of China. During his earlier visit to the Czech Republic, Pompeo said that China's global economic strength was more difficult to cope with than that of the Soviet Union during the Cold War, and called on European countries to unite against the Chinese Communist Party. Pompeo's speech was welcomed by Czech congressmen attending the party. The objective of Pompeo's visit to Europe is obvious, that is, to alienate China from small European countries, such as the Czech Republic or Slovenia, which have a Communist background and are receiving a large amount of Chinese economic investment, so as to reduce China's influence on EU members. China's diplomacy criticized Pompeo for wasting time, accused Pompeo of boasting, and said that the international community would not buy it, and that the American plot would not succeed. In fact, since the implementation of the Hong Kong Autonomy Law by the United States, China has not only voiced obvious condemnation, In dealing with the US side, we have been patient for many times. In many cases, even if there are counter-measures, they are not specific or ambiguous measures, which are relatively weak. Unlike the United States, which actively delisted Hong Kong manufacturing earlier, But this sanction has increased Hong Kong's sense of superiority; Our exports are made in China, which is a great honor for Hong Kong people! Last night, the United States announced that the number of people applying for unemployment benefits for the first time last week was 963,000, which was the first time since March 14 that it fell below 1 million, indicating that the economy has slightly improved, but the average number of people applying for unemployment benefits in four weeks still exceeded 1.25 million. It is expected that the improvement of the American labor market will be achieved only when the epidemic situation is controlled. However, the second round of epidemic relief measures in the United States can't wait, but the meeting is deadlocked and we can't make further progress. The dollar fell without a new stimulus package, The gold price rebounded yesterday, reappearing its upward trend, reaching a peak of $1,965 per ounce and closing at $1,953 per ounce, up $37. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/joinchat/OEEaFRx9QcbOZE-aQzNSgg

2020-08-13

The COVID-19 vaccine developed by Russia has been approved by the Russian Ministry of Health and named "Satellite No.5". The daughter of Russian Prime Minister Putin who has been vaccinated with the vaccine said that she feels good. Putin also said that he knew that the vaccine developed in Russia was "quite effective". Although Russia is the first country to announce that it will officially put into production the COVID-19 vaccine, it should be noted that, WHO has not recognized this vaccine as one of the vaccines in the third phase of clinical trials, and urged Russia to follow the guidelines of the international community when developing novel coronavirus vaccine. However, some experts said that the speed of vaccine development in Russia is worrying, saying that the research of new vaccines requires a large number of human tests. It was less than two months after Russia announced that it had completed the early testing stage and put into production. It means that Russian researchers may be taking paths and shortcuts. US Health Secretary Aza, who visited Taiwan earlier, also said that Moscow did not have public test data. Doubts about the safety of the vaccine were expressed, and it was emphasized that the development of COVID-19 vaccine should take into account the safety of vaccinators, not to compete for the title of the first place. The cumulative number of infected people in novel coronavirus is close to 207.5 million, and the number of confirmed deaths has increased by more than 750,000. In the United States, about 46,000 people were diagnosed with new pneumonia yesterday. The cumulative number of infected cases exceeded 5.35 million, and it continued to be the country with the largest number of infected cases in the world. Troubled by novel coronavirus, some Federal Reserve Bank officials said that US consumer spending is still weak; Last night, the core consumer price index of the United States rose by 0.6%. Although this is better than the expected increase of 0.2%, the average hourly wage in the United States has decreased by 5%, and the actual personal income has also decreased by 0.6%. Coupled with the persistently high unemployment rate, these reasons are exactly what the Federal Reserve Bank official pointed out. The United States will also announce the number of people who applied for unemployment benefits for the first time last week tonight. The market forecast is 1.12 million. It seems that the second round of epidemic relief measures in the United States can't wait. Unfortunately, the Republican Party and the Democratic Party in the United States still can't reach a consensus on a new round of aid programs at this stage. Gold rebounded yesterday after plunging the day before yesterday, closing at $1916 per ounce, up $4. Yesterday, the price of gold fluctuated greatly. It took the previous day's decline in the early stage, and fell to 1863 US dollars per ounce, and then rebounded strongly. The highest price approached $1,950 per ounce, and the fluctuation reached $87. Unfortunately, the motivation was still insufficient, and we can learn from the past. Investors chose to make profits and push back the price of gold to the opening level again, which was only a technical rebound. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/joinchat/OEEaFRx9QcbOZE-aQzNSgg