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February 26 – The Ministry of Commerce held a regular press conference on February 26. In response to a question regarding export controls on Japan, Ministry of Commerce spokesperson He Yongqian stated that Chinas legally mandated list of export controls targets only a small number of Japanese entities, and the measures only apply to dual-use items. They do not affect normal Sino-Japanese economic and trade exchanges, and law-abiding Japanese entities have no need to worry.February 26th - The State Administration for Market Regulation released data today (February 26th) showing that 25.745 million new business entities were established nationwide in 2025. Among them, 9.5 million were newly established enterprises and 16.194 million were newly established individual businesses. Business entities are showing a trend towards innovation and excellence, accumulating momentum for high-quality development. Enterprises related to emerging and future industries are experiencing rapid growth and strong innovation capabilities. In 2025, 1.134 million new enterprises were established nationwide related to the "8 emerging industries + 9 future industries," an increase of 9.9% over the previous year. Among them, humanoid robots, civil aviation, and generative artificial intelligence, among other cutting-edge fields, led the growth, further propelling my countrys industrial system towards the high end of the global value chain.On Thursday, February 26, the Shanghai Gold Exchanges gold T+D contract closed down 0.24% at 1143.0 yuan/gram; the Shanghai Gold Exchanges silver T+D contract closed down 1.13% at 21600.0 yuan/kilogram.Morgan Stanley raised its price target for Nvidia (NVDA.O) from $250 to $260. Royal Bank of Canada raised its price target for Nvidia from $240 to $250.February 26 – Indian market regulators have allowed the countrys $384 billion actively managed equity funds to allocate more funds to gold and silver, giving them greater flexibility amid rising global demand for physical assets. Under revised rules from the Securities and Exchange Board of India (SEC), equity funds can invest the remainder of their portfolios (up to 35% of assets) in gold and silver instruments, as well as shares of infrastructure investment trusts (ITTs). By expanding the list of permissible assets, the regulator provides equity funds with a wider range of investment vehicles, which already included money market instruments and other liquid securities. This adjustment is also likely to create new sources of demand for gold and silver. In January, local investors poured more money into gold ETFs than into equity funds, a rare reversal that highlights the growing appeal of gold amid market uncertainty.

Forecast for Gold Price: XAU/USD edges lower on a stronger USD and Fed rate rise worries

Alina Haynes

Sep 05, 2022 16:23

截屏2022-06-07 下午5.15.32.png 

 

Gold dips lower on the first trading day of the week, erasing a portion of Friday's substantial gains. The XAU/USD is on the defensive during the early European session, but lacks follow-through selling and has thus far managed to maintain its position above the $1,700 round-figure level.

 

On Monday, the US dollar reaches a fresh 20-year high, which turns out to be a significant factor imposing downward pressure on dollar-denominated gold. Despite Friday's delivery of a mixed US employment data, a growing consensus that the Fed will adhere to its aggressive policy tightening course continues to support the dollar. In fact, the markets are putting in a larger likelihood of a 75-bps rate hike at the September 20-21 FOMC meeting.

 

Recent hawkish remarks by various Fed members reiterated the bets, signaling that interest rates are likely to continue climbing until inflation is much closer to the 2% target. In addition, it is anticipated that the Reserve Bank of Australia, the European Central Bank, and the Bank of England would continue to hike interest rates. This is regarded as an additional component that contributes to the diversion of gold flows away from non-yielding gold.

 

In addition, indications of equities market stability appear to diminish demand for traditional safe-haven gold. However, mounting concerns about a more severe economic crisis should temper any euphoria. This, coupled with relatively low trading volumes due to the Labor Day holiday in the United States, may discourage dealers from taking aggressive wagers on gold. This necessitates vigilance prior to positioning for additional losses.


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