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On June 15th, it was reported that the secondary market trading price of the Fullgoal ChiNext ETF (ticker symbol: Fullgoal ChiNext ETF; fund code: 159971), managed by Fullgoal Fund Management Co., Ltd., has been significantly higher than its Indicative Indicative Net Asset Value (IOPV), exhibiting a substantial premium. To protect investors interests, trading in this fund will be suspended from the opening of the market on June 16, 2026, and will resume at 10:30 AM on the same day. Redemption services will continue as usual during the suspension period. If the premium in the secondary market trading price of this fund does not effectively decrease on June 16, 2026, the fund has the right to apply to the Shenzhen Stock Exchange for temporary intraday trading suspension, extension of the suspension period, or continuous suspension to warn the market of the risk. Specific details will be announced at that time.June 15th - Lee Hardman of MUFG Bank stated in a report that despite the decline in energy prices following the interim peace agreement between the US and Iran, the yen is unlikely to achieve a meaningful recovery. Short positions in the yen continued to increase ahead of the Bank of Japans policy decision on Tuesday. "The 25 basis point rate hike has already been fully priced in, so its unlikely to trigger a reversal of the yens weakness on its own, thus encouraging further increases in short yen positions," he said. He added that if energy prices continue to fall and bets on US rate hikes decrease, any further intervention by Japanese authorities to support the yen will prove more effective.Reuters calculations show that Indias merchandise trade deficit in May was $28.21 billion (compared to a previous survey forecast of $28.72 billion).The eurozones seasonally adjusted trade balance in April recorded €1.3 billion, the smallest surplus since May 2023.The Eurozones seasonally adjusted trade balance in April was €1.3 billion, compared to €3.5 billion in the previous month.

Gold Is Poised For A Fourth Straight Week Of Gains Due To Positive CPI Data

Haiden Holmes

Jan 13, 2023 11:31

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Gold prices increased modestly on Friday and were poised for a fourth consecutive week of gains after U.S. consumer inflation data revealed that price pressures softened as expected in December, paving the door for the Federal Reserve to suspend its rate hikes.


As confidence about China's economic reopening intensified, copper prices also increased on Friday and were poised for their best week in more than two months.


As traders anticipated a reduction in pressure from the currency and Treasury yields in the coming months, gold prices soared to a level not seen in almost eight months this week.


As of 19:34 E.T., spot gold rose 0.1% to $1,898.86 per ounce, while gold futures rose 0.2% to $1,9010.10 per ounce (00:34 GMT). This week, it was projected that the value of both assets would increase by around 2%.


The dollar fell to a seven-month low against a basket of currencies on Friday as data showed that U.S. consumer price index inflation in December slowed to its slowest rate in a year. It is anticipated that the trend of lowering inflation will eventually lead to a change in the Fed's aggressive tone.


Since late December, mounting prospects of this move have spurred a substantial recovery in gold, as it portends some relief for the yellow metal following a big increase in interest rates in 2022.


The probability that the Federal Reserve will raise interest rates by 25 basis points at its February meeting has risen to almost 95%, according to the CME Group's Fedwatch tool.


As a result of China's recent reopening of its international borders after a three-year lockdown, copper prices rose little on Friday, but were poised for a record-breaking week of gains.


Copper futures reached a seven-month high of $4.1755 a pound, up 0.1%. It was also anticipated that they would climb by nearly 7 percent this week.


It is projected that China's economic development would return this year, boosting global copper demand as the country raises infrastructure spending. However, the near-term outlook remains uncertain as China battles its worst COVID-19 outbreak ever.


Political unrest in Peru, the world's second-largest copper production, is projected to hike copper prices in the near future.

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