Original title: World Bank said economic growth slowed down, gold fluctuated within a narrow range
On this trading day, as of now, gold has temporarily stabilized near the first line of $1,818 per ounce in intraday trading.gold priceThe trend continued to rise slightly within the range, and it was temporarily reported at $1,818.30 per ounce.
World Bank: Economic growth to slow this year and next
A few days ago, the World Bank released the latest “Global Economic Outlook”, the report pointed out that in view of the new wave of threats caused by the spread of the new crown mutant, coupled with rising inflation, debt and income inequality, the recovery of emerging market and developing economies may jeopardize, Global economic growth is slowing significantly.
At present, the new crown epidemic is still ongoing, and new mutant strains are threatening the economy. The World Bank noted that the slowdown in global growth in 2022 will be further exacerbated once the rapid spread of the Omicron strain overwhelms health systems and prompts major economies to re-impose strict containment measures.
The report predicts that with the post-epidemic retaliatory demand rebound gradually calming down and the lifting of global fiscal and monetary support policies, global growth will decelerate significantly to 4.1% and 3.2% in 2022 and 2023. The World Bank expects global economic growth in 2021 to be 5.5%. %. Both 2021 and 2022 forecasts were revised down by 0.2 percentage points from the previous forecast.
From the perspective of 4 hours, the price of gold remains in the closing line pattern of broken Yang. The pull-up of the New York session makes Bollinger open upwards. The price of gold stands on the 5-day moving average and runs along the upper rail of Bollinger. The hourly bulls are dominant, but the indicators Oversold and in need of repair. From the perspective of the hourly line, today’s gold price stepped back at $1,801/oz to form a single-pin bottom and then rebounded quickly. It charged 7 positive lines in a row, and the hourly line was bullish.
According to the gold market center of Jintou.com, at 11:55 Beijing time, the spot price of gold today was temporarily reported at US$1818.13 per ounce.
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