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On June 10th, the Ministry of Natural Resources, together with the Ministry of Public Security, the State Taxation Administration, the State Administration for Market Regulation, and the State Financial Supervision and Administration Bureau, jointly issued a "Notice on Ensuring Efficient Processing of Enterprise Real Estate Purchase and Transfer Registration." The notice focuses on the entire process of enterprise real estate purchase and transfer registration, deepening the "transfer with collateral" reform and reducing the cost of "bridging" funds for enterprises. The notice points out that various models should be flexibly adopted according to local conditions, achieving seamless connection between new loans and loan repayments by merging transfer registration and mortgage registration. It promotes "transfer with collateral" between banking financial institutions. It encourages local governments to introduce pre-registration to prevent the risk of outstanding mortgages, protect the legitimate rights and interests of both the buyer and seller, as well as the new and old banks, and safeguard financial security.U.S. officials said the U.S. struck nearly 20 targets in Iran.U.S. officials said initial assessments indicate that almost all of the missiles and drones launched by Iran were intercepted. There have been no reports of injuries to U.S. personnel or damage to known U.S. military facilities.On June 10th, the State Council Taiwan Affairs Office held a regular press conference. A reporter asked: The 18th Straits Forum is about to be held. Could you please introduce the progress of preparations and which Taiwanese guests will attend this years Straits Forum? Spokesperson Zhang Han stated that the 18th Straits Forum will be held in Xiamen on June 13th. Representatives from various sectors of Taiwan, including Chang Jung-kung, Vice Chairman of the Kuomintang, will attend the forum. Currently, all preparations for the forum are basically complete, and a series of forum activities are being carried out in various parts of Fujian. This years forum continues to focus on and serve grassroots and youth groups, allowing the fruits of cross-strait integration and development to benefit more compatriots on both sides of the strait.According to Jordanian state television, the Jordanian armed forces claimed to have intercepted and shot down five missiles launched from Iran and heading towards Azraq. Debris fell after the missiles were intercepted, but no casualties or damage were reported.

Gold And Copper Prices Decline Before The Fed Meeting

Skylar Williams

Feb 01, 2023 14:59

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As markets expected fresh monetary policy signals from a series of major central bank meetings this week, beginning with the Federal Reserve later in the day, gold and copper prices declined modestly on Wednesday.


The Federal Reserve is widely anticipated to increase interest rates by 25 basis points later today. However, the central bank's perspective on monetary policy will be keenly monitored, as investors await Chair Jerome Powell's response to recent signs of strength in the U.S. economy and a recent rebound on global financial markets.


Gold got off to a solid start in 2023, gaining 5.7% in January on mounting wagers that the Federal Reserve will moderate its hawkish posture in the coming months. The yellow metal also benefited from a surge in demand for safe-haven assets as fears of an impending global recession grew.


Spot gold declined 0.1% to $1,926.94 per ounce, while April gold futures fell 0.2% to $1,940.10 per ounce as of 19:20 EST (00:20 GMT). Gold prices have risen dramatically over the previous three months, but their next move will likely be dictated by the Federal Reserve.


In anticipation of the central bank, metal markets have been more cautious in light of the recent rally. During the last three trading sessions, gold has moved less than 0.3% in each direction.


Other precious metals also declined in value. Futures for platinum lost 0.3% to $1,017.15 per ounce, while futures for silver fell 0.4% to $23.742 per ounce.


This week, the dollar stabilized after recent losses, further squeezing commodity markets. Both the European Central Bank and the Bank of England are expected to raise interest rates by 50 basis points each on Thursday.


Copper prices declined in expectation of additional signs of economic improvement in China, the largest importer of the red metal in the world.


In early Wednesday trading, the price of futures for high-grade copper slipped 0.2% to $4.2165 per pound.


The price of the red metal increased on Tuesday following the release of government statistics indicating that Chinese economic activity revived substantially in January after the country softened its tough anti-COVID rules.


Now, the markets are awaiting statistics from the private sector to corroborate this trend.


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