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On February 25th, the Jinan Municipal Government Information Office held a press conference to release and interpret the "Jinan City Talent Policy Double 30 Articles (2026 Edition)". Among the key points, the policy focuses on supporting the introduction of talent by specialized, refined, and innovative private enterprises. While maintaining the existing talent subsidy standards of up to 150,000 yuan for doctoral graduates and up to 100,000 yuan for masters graduates, the subsidy standards for talent introduced by specialized, refined, and innovative private enterprises within five years of graduation will be increased to a maximum of 250,000 yuan for doctoral graduates and 150,000 yuan for masters graduates. At the same time, these enterprises are encouraged to introduce non-recent graduates; for talent introduced by specialized, refined, and innovative private enterprises within 5-10 years of graduation, a housing subsidy of up to 100,000 yuan for doctoral graduates and up to 70,000 yuan for masters graduates will be provided, to further support the cultivation and development of talent in technology-based and innovative enterprises.February 25th Futures News: The following are the warehouse receipts and changes for various commodities traded on the Shanghai Futures Exchange: 1. Lead futures warehouse receipts: 59,323 tons, an increase of 946 tons compared to the previous trading day; 2. Aluminum futures warehouse receipts: 285,175 tons, an increase of 2,576 tons compared to the previous trading day; 3. Tin futures warehouse receipts: 11,738 tons, a decrease of 43 tons compared to the previous trading day; 4. Alumina futures warehouse receipts: 347,400 tons, an increase of 19,472 tons compared to the previous trading day; 5. Fuel oil futures warehouse receipts: 0 tons, unchanged compared to the previous trading day; 6. Medium-sulfur crude oil futures warehouse receipts: 2,557,000 barrels, unchanged compared to the previous trading day; 7. International copper futures warehouse receipts: 14,218 tons, a decrease of 700 tons compared to the previous trading day; 8. Natural rubber futures warehouse receipts: 112,570 tons, unchanged compared to the previous trading day; 9. 10. Pulp warehouse futures receipts: 140,621 tons, unchanged from the previous trading day; 11. Pulp mill warehouse futures receipts: 15,000 tons, unchanged from the previous trading day; 12. Stainless steel warehouse futures receipts: 60,750 tons, unchanged from the previous trading day; 13. Low-sulfur fuel oil warehouse futures receipts: 2,780 tons, unchanged from the previous trading day; 14. Butadiene rubber futures receipts: 39,870 tons, unchanged from the previous trading day; 15. Copper futures receipts: 287,806 tons, an increase of 10,717 tons from the previous trading day; 16. Petroleum asphalt mill warehouse futures receipts: 54,110 tons, unchanged from the previous trading day; 17. Petroleum asphalt warehouse futures receipts: 23,510 tons, unchanged from the previous trading day; 18. Rebar warehouse futures receipts: 19,597 tons, unchanged from the previous trading day; Gold futures warehouse receipts totaled 105,072 kg, unchanged from the previous trading day; zinc futures warehouse receipts totaled 65,319 tons, an increase of 5,095 tons from the previous trading day; TSR20 rubber futures warehouse receipts totaled 50,601 tons, unchanged from the previous trading day; silver futures warehouse receipts totaled 355,830 kg, an increase of 5,951 kg from the previous trading day; hot-rolled coil futures warehouse receipts totaled 349,005 tons, an increase of 13,825 tons from the previous trading day; and nickel futures warehouse receipts totaled 53,177 tons, an increase of 1,253 tons from the previous trading day.The Japanese government raised its assessment of corporate profits in a February report.The Japanese government largely maintained its main economic views in February.The onshore yuan closed at 6.8672 against the US dollar at 16:30 on February 25, up 177 points from the previous trading day.

Gold Price Analysis: XAU/USD bulls assault $1,750 as market participants prepare for Jackson Hole

Alina Haynes

Aug 25, 2022 14:50

 截屏2022-08-24 下午3.50.19_1024x576.png

 

After a two-day rally, the gold price (XAU/USD) remains on the defensive at $1,752 during Thursday's Asian session. In doing so, gold reflects the market's nervousness in advance of significant data/events and in response to the mixed results of recently revealed information.

 

In spite of this, US Durable Goods Orders for July fell to 0.0%, compared to 0.6% projected and a revised up 2.2% prior estimate. Nondefense Capital Goods Orders excluding Aircraft, however, surpassed the 0.3% market consensus to reach 0.4%, up from 0.9% previously. Additionally, Pending Home Sales improved to -1.0% MoM in July, compared to -4.0% projected and -8.9% previously (revised down from -8.9%). Annually, Pending Home Sales declined by 19.9%, compared to the previous annual decline of 20%.

 

On the other hand, economic fears support the US dollar's safe-haven demand, as S&P Global Market Intelligence's Executive Director of Economic Research, Sara Johnson, said in a statement on Wednesday that global growth is expected to remain subdued in late 2022 and 2023, while inflation is anticipated to moderate over the next two years.

 

However, predictions that China will overcome its recessionary troubles and that Fed Chairman Powell will reiterate his cautious words at Jackson Hole appeared to have weighed on the DXY bulls. "Various Chinese official media organizations are defending the yuan following its recent fall, arguing that the country's robust exports could offset a stronger dollar and hawkish Federal Reserve rate hikes," Reuters reported on Wednesday. Due to China's role as one of the world's major gold consumers, gold traders are increasingly concerned about the dragon nation.

 

XAU/USD may experience a pullback if Fed Chair Jerome Powell surprises markets with a hawkish tone amid recession fears, given the current mixed market conditions and the US dollar's reluctance to re-establish its multi-year high.

 

The second edition of the US GDP for the second quarter will be added to the US Personal Consumption Expenditure (PCE) for the same period to beautify the calendar intraday. However, Jackson Hole will receive the most of the focus for new initiatives.

 

Despite recent inactivity, the gold price maintains the rebound above the prior resistance line from mid-April, suggesting more higher momentum towards a 10-week-old resistance line near $1,788.


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