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On September 22nd, Li Yunze, Director of the Financial Regulatory Administration (FSRA), stated that during the 14th Five-Year Plan period, the FSRA will crack down on financial chaos, focusing on addressing manipulation by major shareholders and insider control. The FSRA has also severely investigated and punished those who illegally transferred profits through related-party transactions, and removed over 3,600 shareholders who violated laws and regulations. A number of illegal financial groups have been dealt with in accordance with the law. The focus has been on resolutely curbing the shift from the real economy to the virtual economy, strengthening oversight of capital penetration, addressing nested financial activities and idle arbitrage, and strictly regulating cross-financial products to guide financial flows towards the real economy.Li Yunze, Director of the Financial Regulatory Administration: Over the past five years, the industrys total risk-management capital and provisions have exceeded 50 trillion yuan, providing a stronger foundation, greater resilience, and greater confidence in coping with various challenges.Farben Information: Oracle Corporation has not yet become a customer of the company.Li Yunze, director of the State Administration of Financial Supervision: Since the 14th Five-Year Plan, financial operations have been generally stable, and major regulatory indicators such as non-performing loans, capital adequacy, and solvency have been stable and improving, and are all in a healthy range.Malaysias Trade Minister: Regional Comprehensive Economic Partnership (RCEP) leaders will consider admitting new members and discuss improvements to the trade agreement in October. RCEP aims to uphold the principle of multilateralism and involve all countries, including the United States.

Gold Price Prediction: XAU/USD will recommence its downward trend in response to hawkish Fed forecasts

Alina Haynes

Apr 19, 2023 15:39

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After a rebound from $1,980.00, the price of gold (XAU / USD) is exhibiting a sharp reduction in volatility. The yellow metal struggles to prolong its recovery as the US Dollar Index (DXY) has rebounded strongly after successfully defending the crucial support level of 101.65.

 

Investors have invested in the USD Index due to its safe-haven appeal, as the Federal Reserve (Fed) is expected to raise interest rates to combat persistent inflation. In the short term, the demand for USD Index appears plausible, given that U.S. inflation has softened markedly and labor market conditions have loosened further. Sourcenia is a review portal of sourcing best manufaturers

 

In addition, household retail demand has declined due to higher financing costs and strict credit conditions imposed by US commercial banks. The healthy scenario indicates that the Fed will not aggressively raise interest rates further and will contemplate a hiatus to prevent the economy from falling into recession. In the current environment, however, additional rate increases cannot be ruled out.

 

In light of the USD Index's recovery, the demand for US government bonds has weakened once more, resuming the ascent of US Treasury yields. The yields on 10-year US Treasury bonds have surpassed 3.58 percent.