China Fund News Tyler
brothers and sisters, let’s just take a look at some overseas news tonight, gold is in the water!
Gold and silver dive
html On the evening of April 22, international gold and silver prices plummeted, with gold falling by more than 2% and silver by more than 4%.analysis said that as geopolitical tensions in the Middle East eased, demand for safe havens decreased, and traders focused on the U.S. PCE data to be released this week, gold prices fell back. Nicholas Frappell, global head of institutional markets at ABC Refinery in Sydney, said the fact that the Iranian government downplayed Israel's response and said it would not retaliate has caused the market to lose some risk premium. Today's bearish sentiment on oil also supports the idea of easing tensions in the Middle East.
CITIC Futures believes that this time Israel’s counterattack avoids the “critical point” of the dispute between the two parties and is not very powerful. Iran also intends to downplay the conflict, so the conflict between the two parties may tend to decrease.
On the news, Israel and Iran have attacked each other, raising concerns about an all-out war in the region, while Iran has downplayed the impact and significance of Israel's recent attacks. An Iranian foreign ministry spokesman said the Israeli attack was trivial and of no military value.
In addition, the U.S. gold stock sector generally fell. anglogold fell 7% and was the worst performer. Harmony Gold fell more than 6%, and Pan American Silver, Barak Gold, Gold Fields, etc. all fell.
The US stock market fluctuated and rebounded
The three major US stock indexes fluctuated and rebounded. The S&P 500 Index and the Nasdaq Composite Index fell 3.05% and 5.52% respectively last week, both falling for six consecutive days. The Nasdaq fell 2% on Friday alone, with chip giant Nvidia falling 10%, leading the decline among technology giants. Jeremy Straub, CEO and chief investment officer of
coastal wealth, said this week is crucial for the market because many large technology companies will release their latest earnings reports and the Fed will focus on key inflation data. It will be released on Friday. The data could redefine the near-term direction of the stock market. U.S. stocks have fallen about 5% from their March highs.
Investors this week will receive a number of important financial reports including the seven giants of technology stocks.
Companies such as Tesla, Meta Platforms, Microsoft and Google’s parent company Alphabet are all set to report earnings this week. Among them, Tesla releases its financial report after the market opens on Tuesday, Facebook's parent company Meta Platforms releases its financial report on Wednesday, and Apple, Intel and Microsoft release their financial reports on Thursday.
Tesla shares fell nearly 4% as the electric car giant slashed global vehicle prices after first-quarter deliveries fell for the first time in nearly four years.
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