• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
PTT, Thailands national oil company, plans to more than double the size of its electric vehicle charging network to 7,000 stations by 2030.On April 3rd, Futures News reported that silver prices have been trending downwards and rebounding since March. As of April 2nd, the domestic spot price of #1 silver was 18,150 yuan/kg, a cumulative decrease of 25.7% compared to the beginning of March. The main driver was negative news, specifically the turmoil in the Middle East, which led the market to price in expectations of subsequent energy supply tightening, thus increasing concerns about inflation. The Federal Reserve shifted its stance from one rate cut this year to the possibility of a rate hike, putting pressure on silver. However, Powells subsequent statement suggesting maintaining interest rates and the release of some conciliatory signals between the US and Iran led to a correction in market expectations for rate cuts. Domestically, with the export tax rebate period for photovoltaic modules approaching, the downstream rush to produce and export has largely ended. Coupled with the weakness in new energy vehicles and price volatility weakening market investment demand, the fundamentals are under overall pressure. Going forward, continued attention needs to be paid to the direction of the Middle East situation and its impact on the Federal Reserves interest rate path. Silver volatility may increase, and it is recommended to invest cautiously based on ones own risk tolerance.On April 3rd, Tencent Cloud officially launched its "Lobster" memory service—TencentDB Agent Memory—adding a long-term memory layer to OpenClaw. Currently, Agent Memory is seamlessly integrated into Tencent Cloud products such as Lighthouse and ClawPro as a plugin, and can be activated for free with a single click.On April 3, Hong Leong Investment Bank, in a report, pointed out that the Malaysian economy may be under pressure due to temporary energy supply disruptions caused by the conflict with Iran, and therefore lowered its 2026 GDP growth forecast from 4.7% to 4.5%. Although Malaysian ships were recently granted free passage through the Strait of Hormuz, analysts believe that the risk of oil supply shortages cannot be completely ignored. However, strong exports of electronic products and continued consumer demand will support growth. Due to rising commodity costs and adverse weather conditions, RON97 fuel oil, unsubsidized diesel, electricity, and food are facing upward price pressure, and Hong Leong Investment Bank raised its 2026 CPI growth forecast from 1.7% to 2.0%. Given the rising inflation risks and slowing growth prospects, analysts added that the Central Bank of Malaysia is likely to maintain the policy rate at 2.75% when assessing the impact of the conflict.On April 3rd, the Wuhan Housing Provident Fund Management Center released its interpretation of the policy on optimizing the use of housing provident funds, document number Wu Gong Zhong Gui [2026] No. 2. Regarding expanding the scope of inter-city loans, the eligibility for inter-city housing provident fund loans has been expanded to include employees contributing to the fund in cities across the country, and the restriction that borrowers (including their spouses) must have Wuhan household registration has been removed. The eligibility for commercial-to-provident fund loan conversions has also been expanded to include employees contributing to the fund in cities across the country. The determination of the number of properties eligible for loans has been adjusted. From October 1, 2025 to June 30, 2027, if a contributing family sells its only home and applies for a housing provident fund loan to purchase a newly built or existing home in Wuhan, the citys first-home housing provident fund loan policy will apply; if a family sells one of its two homes and applies for a housing provident fund loan to purchase a newly built or existing home in Wuhan, the citys second-home housing provident fund loan policy will apply.

Gold Price Prediction: XAU/USD struggles above $2,000 as additional Fed rate increases appear inevitable

Daniel Rogers

Apr 17, 2023 13:44

259.png 

 

During the Asian session, the gold price (XAU / USD) appears vulnerable above the psychological resistance of $2,000.00. Following a four-day low of $1,992.50, the precious metal has exhibited a recovery trend. However, the recovery appears precarious as bullish wagers on the US Dollar Index (DXY) limit the upside.

 

As the probability of a consecutive 25 basis point (bp) rate hike from the Federal Reserve (Fed) is exceedingly high, the USD Index seeks to extend its recovery above the immediate resistance of 101.75. According to the CME Fedwatch instrument, the likelihood of a rate rise is nearly 80%.

 

In the meantime, S&P500 futures posted significant gains early on Monday, following a moderate decline on Friday. Quarterly earnings season is anticipated to keep US equities stock-specific. As a result of the precipitous drop in petroleum prices in March, manufacturing and oil-dependent businesses could experience a reasonable earnings rebound.

 

The demand for U.S. government bonds has decreased considerably in response to rising wagers on additional Fed policy restrictions. President of the Federal Reserve Bank of Atlanta Raphael Bostic stated that with one more quarter-point increase in interest rates, the Fed can conclude its tightening cycle with some assurance that inflation will gradually revert to its 2% objective.