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Hong Kong-listed property stocks rose in some areas, with Sunac China (01918.HK) and Greenland Hong Kong (00337.HK) up more than 10%, and Country Garden (02007.HK) and Shimao Group (00813.HK) up nearly 5%.March 13 – The Public Relations Department of the Iranian Islamic Revolutionary Guard Corps (IRGC) announced today (March 13) that the IRGC launched the 44th wave of Operation True Commitment 4 in the early hours of today. During the operation, Iran launched numerous precision-guided weapons, including the Khorramshahr, Khaibir Shekan, Fatah, Imad, and Qader, as well as heavy missiles and precision-guided drones, targeting Israeli military bases in Kiryatshmona, Hedra, and Haifa in northern Israel, as well as the US Fifth Fleet and other US military bases in the region.On March 13th, the Economic Daily published an article pointing out that this years government work report, for the first time, included stabilizing the housing and stock markets in its overall requirements, proposing greater efforts to promote their healthy development. This again highlights the important position of the stock market and reflects the attitude and determination of the Party Central Committee and the State Council to stabilize it. From "activating the capital market" and "striving to boost the capital market" to stabilizing the stock market, what has changed is the specific deployment for building and developing a sound stock market; what remains unchanged is the high importance attached to the stock market, the accurate grasp of the current economic situation, and the far-sighted planning for future development. Currently, my countrys economic and social development faces multiple tasks, including promoting reform, improving peoples livelihoods, and strengthening confidence. A stable and healthy stock market is urgently needed to stabilize development confidence, boost social expectations, and safeguard economic growth.As of 09:30 Beijing time, WTI crude oil futures fell 0.78%, while US natural gas futures remained unchanged.March 13th - To further promote cross-border e-commerce exports, the General Administration of Customs has decided to promote a cross-customs-zone return model for cross-border e-commerce retail export goods nationwide. The relevant matters are hereby announced as follows: 1. Cross-customs-zone returns are only applicable to cross-border e-commerce retail export goods (“9610 model”). 2. Cross-border e-commerce retail export goods can be returned across customs zones, but returned goods are only permitted to be returned to the customs-supervised operating area (site) where cross-border e-commerce retail export business is conducted. 3. Enterprises conducting cross-customs-zone return business for cross-border e-commerce retail exports should operate in a standardized manner and possess independent operational functional areas. Relevant production and operation system data should be open to customs or connected to the customs information system. This announcement will take effect on April 1, 2026. Matters not covered herein shall be handled in accordance with current customs regulations.

Gold Price Prediction: XAU/USD Weakness Dependent on $1,920 Breakout and Fed Decision - Confluence Detector

Daniel Rogers

Jan 30, 2023 15:27

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Gold price (XAU/USD) maintains a defensive stance near $1,930, posting modest gains ahead of Monday's European session, as traders begin the crucial week including the Federal Reserve's (Fed) monetary policy and the January US employment report. China's return after a one-week holiday might bolster the cautious optimism of XAU/USD traders, as could prospects for a dovish raise from the Fed and disappointing Nonfarm Payrolls data (NFP).

 

Notably, a slower start to a pivotal week with a high economic data load also appears to underpin the Gold prices' corrective rebound from a short-term major support confluence. However, the metal's short-term movements depend on the Fed's ability to push back the dovish inclination despite the confirmation of the impending policy shift.