Gold: Yesterday (September 28) evening, ECB Governor Lagarde delivered a speech on the economic issues of the United States and Europe. Lagarde gave the European Central Bank forward guidance "privately", saying that after hikes 125 basis points, the European Central Bank plans to continue hikes in the next few meetings. The ECB Management Committee Holtzman and Kazmi "stand" for Lagarde's above remarks respectively, and Kazmi even claimed that "we have no consensus on what neutral interest rates are."
Citibank A research report shows that European stock funds have recorded capital outflows for eight consecutive months, totaling US$98 billion. The cumulative outflow of funds in European stock markets accounts for 6% of the total asset management scale, which is more serious than the sell-off during the COVID-19 pandemic in 2020 and is comparable to the level during the euro zone crisis from 2011 to 2012. In addition, S&P released a report saying that European credit quality will face a "severe winter".
is still messy, and Europe is troublesome.
Technical aspect: Gold prices rose sharply last night, closing with an increase of 1.89%, the largest single-day increase since March 8 this year. Judging from the daily chart, gold prices quietly stood above the 13-meter moving average, and it is expected that today will test the small platform pressure left in the early stage. Strong resistance at the daily level is $1,671.
Gold price trend chart: Golden hourly chart
Crude oil: According to multiple media reports, the natural gas pipelines of Beixi No. 1 and Beixi No. 2 are suspected to have exploded, and the transportation of natural gas pipelines from Russia to Europe were forced to stop. Kremlin immediately issued a statement pointing out that Russia's claim of destroying the Nord Stream is foreseeable and foreseeable stupidity. The Kremlin also said that profits from U.S. energy companies that supply natural gas to Europe have increased significantly.
The U.S. Embassy in Russia issued an announcement on September 28 (the announcement was drafted on September 27), suggesting that American citizens living in Russia leave Russia as soon as possible, and warn American citizens to travel to Russia with caution. The announcement of the United States' similar " evacuation of overseas Chinese " has intensified Europe's current suspicion and hostility towards Russia, and Russia-Europe relations may enter a stage of escalation of confrontation.
I can't understand it and dare not ask. EU is stepping up discussions on imposing price caps on Russian oil, and officially announced more sanctions this morning.
Technical aspect: Oil prices and gold prices have been moving forward recently. Yesterday, gold prices rose sharply, and oil prices also rose sharply, with a daily increase of more than 5%, the largest single-day increase since May 11. It is a bit surprising that gold and oil prices have risen sharply at the same time. If you want to find rationality, it is probably because the oil-producing area (country) has something to do.
Crude Oil Price Trend Chart: Crude Oil Hour Chart
Bailihao Global Warm Reminder: The above content and views are provided by the third-party cooperation platform think tank, for reference only, and do not constitute any investment advice. Investors act on this basis at their own risk.
