Daily

On April 12

Today's range:

Gold rose above $1,952 on news that China was moving conventional military supplies to Serbia and was being questioned about its plans to intervene in Europe and bolster Russia, adding to the already tense situation in eastern Europe

Resistance, and all the way to the $1970 target, followed by a pullback to a close below $1950, as if testing for a top or bottom reversal. Today's recommended range is $1946 to $1969.

Hong Kong stocks closed lower yesterday. More than 27,500 new COVID-19 cases were reported on the mainland yesterday, with Shanghai becoming the worst-hit city and Guangzhou under a state of emergency

With half of China's four major cities under threat from the virus, western countries have questioned the effectiveness of China's dynamic cleanup, arguing that prolonged lockdown will negatively affect domestic production and consumption patterns. Mainland shares yesterday

Hong Kong shares also fell, with the Hang Seng index closing at 21,082, 663 or 3.03 per cent. Since the war began in Eastern Europe, China has repeatedly spoken out as a neutral country, but the Associated Press reported yesterday that

China's shipments of conventional military supplies to Serbia are suspected of meddling in Europe. At one point, the news triggered a drop of nearly 1% in European stock markets, eventually the three major European markets developed separately, Germany's DAX index fell 0.65%;

France's Paris CAC index rose 0.12%; Britain's FTSE 100 index fell 0.61 percent.

The War between Russia and Ukraine also triggered a war of insults between China and the United States. The United States warned China not to stir things up and support Russia's invasion, otherwise it would also impose sanctions on China. China's foreign ministry says the US started the war with Ukraine

Terracotta warriors, and gain profits in the war. Relations between the two countries, already frayed by the trade war, are now further torn by the russia-Ukraine war, with investors increasingly cautious in an uncertain environment and a budget hike

Under the effect of us Treasury yields continued to rise, Wall Street's three major stocks fell. The Dow was down 1.19%; The STANDARD & Poor's 500 index fell 1.63%; The Nasdaq fell 2.18%. China sends regular shipments to Serbia

Gold rose to a session high of $1,970 on the news, which added to the already tense situation in Eastern Europe, amid speculation that military supplies might be moving into Europe and bolstering Russia. Later, the Chinese Foreign Ministry explained that the

As part of a normal annual joint project between the two countries, not aimed at a third party and not related to current trends in Eastern Europe, gold eased slightly, bottoming out at $1,940 before closing up $6.60 at $1,954.3.

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