Daily

17 February

Today's volatility range:

The performance of gold price was weak yesterday, and the US dollar exchange rate and the yield of US Treasury bonds rose, which further suppressed the performance of gold price.

The weakness of gold is still there, and it may repeatedly try the low of 1764 in November last year. Today's proposed volatility is between $1782 and $1805.

Following Pfizer /BioNtech, Mardner and AstraZeneca, which have successfully obtained emergency authorization, Johnson & Johnson, an American pharmaceutical company, applied to the EU drug regulatory agency for a single dose of COVID-19 vaccine, which is expected to become the fourth COVID-19 vaccine approved by the EU drug regulatory agency.

The EU Drug Administration said that as long as the relevant data submitted by Johnson & Johnson are full and comprehensive, it is expected that the authorized use will be approved as soon as possible in mid-March.

The global COVID-19 epidemic continued to ease, with 52,000 new cases of SARS-CoV-2 infection in the United States yesterday, which was significantly lower than the average daily increase of more than 300,000 cases in January, and it was also the first time in nearly half a year that it fell below 60,000.

The White House said that the number of novel coronavirus vaccines distributed to every state will increase to 13.5 million doses per week, and this week, the number of vaccines supplied to pharmacies around the country will double to 2 million doses.

It seems that Biden can fulfill his election promise, and in his first 100 days in office, achieve the goal of 100 million doses of vaccines nationwide.

Japan just released the export data for January, which increased by 6.4% compared with the previous month and rose for the second consecutive month.

Among them, exports to China increased by 37.5% compared with the same period of last year, while exports to the United States and the European Union decreased by 4.8% and 1.6% respectively.

On the other hand, according to the foreign trade data released by Eurostat, the goods trade between EU and China went against the trend in the epidemic last year, and the figures show that China replaced the United States as the EU's largest trading partner for the first time.

With China's rise, Biden, the new president of the United States, is more tactful in politics than President Trump, but his attitude towards China will not be too soft.

However, he can't help but give up his status as a global brother to China. From the China policy team he is recruiting, the past writing and speeches of these people show that they are very tough towards Beijing, which further shows that the relationship between the new US government and China cannot be restored to the harmonious level before the trade war.

The three major European stock markets developed individually, and the German DAX index fell by 0.32%;

French CAC index was stable, with a slight increase of 0.01%.

The UK stock market ended its three-day uptrend and the FTSE 100 index fell by 0.11%. U.S. stocks rose first after the holidays, while the Standard & Poor's Index and Nasdaq Index reached new highs and then softened, falling 0.06% and 0.34% respectively. Only Dow Jones Index kept its upward trend, rising 0.20%.

Gold price fell yesterday, and the epidemic slowed down, which reduced the attractiveness of gold in hedging.

In addition, the US dollar exchange rate and the yield of US Treasury bonds rose, which further suppressed the performance of gold price.

Gold price once again fell below the US$ 1,800 mark yesterday, with the lowest falling to US$ 1,789 per ounce and the highest reaching to US$ 1,826 per ounce, and finally closed at US$ 1,794 per ounce, falling by US$ 24 for four consecutive days.

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