Daily

On April 11

Today's range:

Gold rebounded last week as investors bet that inflation would remain high in the short term, undeterred by hawkish fed rhetoric, and political risks linked to eastern Europe did not improve. Gold fluctuated for most of last week and reached 1920

The dollar found support and tried to break out of resistance at $1,952 on Friday. A significant narrowing of the Boli-plus channel in the daily chart is a harbinger of a breakout. If this resistance is broken, expect gold to try to challenge 1970

The dollar. Yesterday's recommended range of $1,934 to $1,958 was maintained today.

Expectations of rate hikes weighed on risk markets overnight as minutes from the Fed's March meeting showed several Fed officials had a steeper path for rate hikes, including one or more 50-point hikes to tame inflation

The Caixin Purchasing managers' index for China's services sector fell sharply in March to its lowest level in more than two years, possibly due to the spread of COVID-19 in mainland provinces and cities and the Chinese government's lockdown control policies. Hong Kong stocks last week

It lost ground to close at 21872, down 176 points or 0.76% for the week. It has been more than 40 days since Russian troops attacked inside Ukraine, and President Vladimir Putin has not stopped despite repeated economic sanctions from the West

The rise in gas prices alone has caused inflation to soar, indirectly threatening an early end to the European Union's quantitative easing program.

Europe's three biggest stock markets traded separately last week, with Germany's DAX index falling 1.13%. In Paris, the CAC index fell 2.04 percent. Britain's FTSE 100 index rose 1.56 percent. Markets are worried that the Federal Reserve may tighten monetary policy significantly

According to market research, the chances of the Federal Reserve raising interest rates by 50 points in May increased to 80.5%, up nearly 14% from the previous week, and the expected rise in interest rates affected the us 10-year Treasury yields to climb

Even though new CLAIMS for jobless benefits fell to a 55-year low last week, the three major Wall Street stocks fell under pressure to raise interest rates. Over the week, the Dow Jones Industrial Average fell 0.28%. standard

The S&P 500 fell 1.27%; The Nasdaq fell 3.86% as gold rebounded last week. Undaunted by hawkish comments from the Fed, the DOLLAR index and Treasury yields climbed to their highest levels in nearly three years as investors bet on short-term inflation

Still high, with no improvement in political risk in eastern Europe, gold became an investor risk, supporting gold prices, which traded as low as $1915.1, as high as $1948.2 and last week traded at $1931.7

At the close of trading, gold was up $22.70 for the week.

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