• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
According to the National Bureau of Statistics, steel production in December 2025 was 115.31 million tons, a year-on-year decrease of 3.8% and a month-on-month decrease of 0.5%; production from January to December was 1,446.12 million tons, a year-on-year increase of 3.1%.January 19th - Today (January 19th), the Hainan Provincial Information Office held a press conference to introduce the progress of the Hainan Free Trade Ports customs closure in the first month and answer reporters questions. Guan Jirong, Executive Deputy Director of the Hainan Provincial Deepening Reform Office (Free Trade Port Working Committee Office), stated that since the official launch of the island-wide customs closure operation on December 18, 2025, the Hainan Free Trade Port has achieved the expected goals of a smooth start and initial results. Overall, it presents a positive trend of comprehensive policy implementation, smooth and efficient "first-line" operations, stable and orderly "second-line" operations, effective stimulation of vitality, and overall controllable risks.According to the National Bureau of Statistics, pig iron production in December 2025 was 60.72 million tons, a year-on-year decrease of 9.9% and a month-on-month decrease of 2.6%; production from January to December was 836.04 million tons, a year-on-year decrease of 3.0%.According to the National Bureau of Statistics, crude steel production in December 2025 was 68.18 million tons, a year-on-year decrease of 10.3% and a month-on-month decrease of 2.4%; production from January to December was 960.81 million tons, a year-on-year decrease of 4.4%.January 19th - According to data from the National Bureau of Statistics, Chinas total grain output for the year reached 714.88 million tons, an increase of 8.38 million tons, or 1.2%, compared to the previous year. Summer grain output was 149.75 million tons, a decrease of 0.1%; early rice output was 28.51 million tons, an increase of 1.2%; and autumn grain output was 536.62 million tons, an increase of 1.5%. By variety, wheat output was 140.07 million tons, basically unchanged; corn output was 301.24 million tons, an increase of 2.1%; rice output was 209.04 million tons, an increase of 0.7%; and soybean output was 20.91 million tons, an increase of 1.3%. Total pork, beef, mutton, and poultry output for the year reached 100.72 million tons, an increase of 4.2% compared to the previous year, exceeding 100 million tons for the first time. Pork output was 59.38 million tons, an increase of 4.1%; beef output was 8.01 million tons, an increase of 2.8%; mutton output was 4.96 million tons, a decrease of 4.2%; and poultry output was 28.37 million tons, an increase of 6.7%. Milk production reached 40.91 million tons, an increase of 0.3%; poultry egg production reached 34.98 million tons, a decrease of 2.5%. The total number of pigs slaughtered throughout the year was 719.73 million, an increase of 2.4%; the number of pigs in stock at the end of the year was 429.67 million, an increase of 0.5%.

Gold Price Prediction: XAU/USD forges bullish path above $1,960, Fed and banking unrest anticipated

Daniel Rogers

Mar 21, 2023 13:57

269.png 

 

Following a retracement from a Year-To-Date (YTD) high, the gold price (XAU / USD) regains upward momentum amid cautious optimism in the banking sector. The market's inaction during the Japanese holiday as well as the failings of US Treasury bond yields to prolong the recent corrective bounce off a six-month low could lend support to the recovery movements.

 

Headlines indicating that U.S. policymakers are searching for ways to insure all bank deposits and that major central banks are rushing to keep markets liquid with the US Dollar flow appear to favor Gold purchasers.

 

Notably, the most recent reading of the CME's FedWatch tool indicates that the likelihood of a 0.25% Fed rate rise on Wednesday is now close to 75%, up from 65% last week. This allows US Treasury bond yields to rebound. However, Treasury bond yields remain inactive due to Japan's national holidays, which restrict bond trading in Asia. The previous day saw the 10-year and 2-year US Treasury bond yields rebound from their lowest levels since September 2022.

 

Gold traders will be keenly interested in the Fed's response to the banking crisis, as the 0.25 percentage point rate hike is a foregone conclusion. Should the dot-plot hint at a policy reversal, the US Dollar could experience further losses, which could propel the XAU/USD exchange rate.