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Gold
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92.012
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Real-time News
U.S. Central Command: U.S. forces in the Middle East remain on high alert.May 9th - The China Federation of Logistics and Purchasing (CFLP) released its April China Warehousing Index today (May 9th). The index remained in the expansion range, indicating a continued stable and positive trend in the warehousing industry. The April China Warehousing Index was 51%, maintaining its expansionary position for the second consecutive month. Looking at the sub-indices, the new orders index, facility utilization rate index, and ending inventory index all continued to expand, while the average inventory turnover index remained at a high level, showing steady growth in warehousing demand, good cargo turnover efficiency, and smooth supply chain connectivity. In terms of product categories, the peak season for production and construction drove a rebound in warehousing demand for bulk commodities such as chemicals, coal, and machinery, while pre-sales for the May Day holiday boosted demand for consumer goods such as food, home appliances, and agricultural products. Regarding market expectations, the business activity expectation index for April was 55.1%, remaining at a high level, reflecting continued optimism among businesses. Overall, the warehousing industry operated steadily in April, with continued release of market vitality, achieving a good start to the second quarter.On May 9th, the World Health Organization (WHO) updated the latest data on the COVID-19 outbreak on the cruise ship "Hundius" on May 8th. As of May 8th, a total of 8 cases had been reported, including 3 deaths. Of the 8 cases, 6 were confirmed cases and 2 were suspected cases. The 6 confirmed cases were identified as being infected with Andean virus.May 9th - According to Libyan media reports, fierce armed clashes erupted in the western Libyan city of Zawiya on May 8th, resulting in at least five deaths. The reports stated that multiple armed groups were involved in the clashes that occurred in and around downtown Zawiya in the early hours of the day, resulting in five deaths, including a security guard at the Zawiya oil refinery. The Zawiya oil refinery issued a statement saying that intense fighting broke out around its oil facilities starting in the early hours of May 8th, with multiple heavy artillery shells landing on company property. The company decided to close the refinery and evacuate oil tankers from the port on May 8th.May 9th - According to Iranian sources early on the 9th, Jafar Purkabani, a member of the Iranian Islamic Parliament representing Bushehr Province, stated that media reports claiming Iran was dumping oil into the sea due to full storage tanks were untrue and part of a psychological warfare campaign by the enemy. Purkabani stated that satellite images showing oil spills around Kharg Island were actually caused by oil residue and ballast water waste discharged from a European oil tanker, an act that has already damaged the environment.
