Daily

March 31 ST

Today's volatility range:

The trend of gold price is still subject to the downward pressure line. On Monday, it fell below the $1,720 at the bottom of the box, which was rampant for two weeks, and confirmed its decline. Yesterday, it tried the low level of this month.

The basic news is also unfavorable to the gold market. Once it falls below the support level of $1,678, it will continue to find the bottom. Today's propose amplitude is between 1678 and 1688,

If it falls below 1678, it can be sold.

The retail industry in Hong Kong has stopped falling and rebounded. After two years of decline, the retail sales volume announced by the Census and Statistics Department yesterday increased by 30% compared with the same month last year.

It is the first recovery after falling for 24 consecutive months. However, some representatives of the retail industry explained that the data might be misleading, because there was a lunar new year holiday atmosphere in February,

In addition, last year, due to the low base of SARS-CoV-2's initial explosion, the strong figures were not really reversing the prospects of the retail industry. The representative said that employees in the retail industry faced layoffs,

The pay cut continues, so I hope the owners can help with rent reduction.

Financial practitioners seem to have no influence on the virus. According to the latest analysis of KPMG, an international accounting firm, the Hong Kong new stock market has continued since the second half of last year

As of March 30, the total amount of funds raised in the first quarter of 2021 reached US$ 13.9 billion (about HK$ 108.1 billion), a record high.

Hong Kong now ranks third in the world, only behind Nasdaq and NYSE. With the booming new stock market and good economic data, the investment atmosphere in the stock market is hot.

Hang Seng Index rose for three consecutive years, and closed up 0.84% yesterday. The International Monetary Fund expects that global economic growth will further accelerate and will be upgraded to today,

Forecast of global economic growth in the next two years. Yesterday, the three major European stock markets rose across the board, and the German DAX index rose by 1.37%; French CAC index rose by 1.21%;

Britain's FTSE 100 index fell 0.56%.

US President Biden will announce a $225 million employment and infrastructure plan tonight, and the market expects investment to cover a wide range, including housing,

The infrastructure construction of roads and railways supports the national power grid, and is also used for implementing national high-speed broadband, reforming the national water supply system to ensure clean drainage and other major investments.

However, the economic stimulus plan did not see its benefits, but it did harm first. The price of US ten-year treasury bonds fell to a low level in 14 months, which caused the yield of ten-year treasury bonds to soar by nearly 1.85%.

Against the performance of the new york stock market, the Dow Jones index fell 0.31%; The Standard & Poor's 500 Index fell 0.24%; The Nasdaq index fell by 0.11%. Global economic growth will further accelerate,

Coupled with the soaring yield of national debt in the past ten years, the US dollar continued to be sought after, and the safe-haven function of gold was eclipsed. The price of gold fell to a minimum of 1679 US dollars per ounce yesterday and a maximum of 1714 US dollars per ounce.

It closed at $1685 per ounce, down $27.

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