EUR/USD
1.15761
-0.022%
Gold
4394.48
-0.500%
Oil
84.138
0.057%
USD/JPY
159.494
0.021%
GBP/USD
1.35416
-0.006%
GBP/JPY
215.985
0.024%
Real-time News
Mayor of Moscow: Russia shot down 180 drones overnight in the Moscow region.On August 18th, Bank of America Securities issued a report stating that Zijin Mining International (02259.HK) reported a first-half net profit of US$1.45 billion, slightly higher than the profit forecast of approximately US$1.4 billion, and declared its first interim dividend. The target price was raised from HK$140 to HK$150, and the "Buy" rating was reiterated. Based on year-to-date performance, the bank raised its full-year net profit forecast for the company by 3% to US$3.1 billion, mainly reflecting lower unit cost assumptions.Hong Kong stocks two major MINIMAX-W stocks declined, with Zhipu (02513.HK) falling more than 10% and MINIMAX-W (00100.HK) falling more than 8%.According to Al Arabiya TV, an airstrike targeted the Abu Zuhur military airfield in the eastern countryside of Idlib, Syria.Futures Commentary by Everbright Futures: On August 17th, COMEX gold continued its upward trend, closing at $4473.1 per ounce, a gain of 0.81%. Domestic SHFE gold opened lower and closed higher in the night session, settling at 957.80 yuan per gram, a gain of 0.41%. Geopolitically, the ceasefire agreement window between the US and Iran expired yesterday, but negotiations remain deadlocked. Trump explicitly stated that he would not seek to extend the memorandum of understanding with Iran, saying there was "no timetable" for resolving the Iranian issue, and indicated that if Oman "obstructs US efforts to reopen the Strait of Hormuz and end the war with Iran," the US would bomb Oman. High oil prices and persistent US inflation risks have somewhat dampened market risk appetite, narrowing gold price gains. Additionally, according to data released by the US Treasury Department, foreign holdings of US Treasury bonds decreased by $72.1 billion month-on-month, bringing the total to $9.3 trillion. Since reaching a record high in February of this year, foreign holdings have declined in three of the past four months. With the release of US inflation data, the probability of an interest rate hike has significantly decreased, and the market has seen some profit-taking. However, the deepening of stagflation in the US, persistent geopolitical risks, and the central banks reduction of US Treasury bonds and purchase of gold all provide structural support for gold. Gold may maintain a high-level fluctuation or even a slightly stronger trend. Attention should be paid to the pressure on overseas gold prices near the 4,500 mark.
