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August 1st - According to Shenzhen TV News, Shenzhens real estate market continued its active momentum from the first half of the year since July. A total of 8,324 new and existing homes were sold in July, a year-on-year increase of 13.8%. In July alone, 3,529 new homes were sold, a year-on-year increase of 32.7%. "Good housing" projects have continued to sell well this year, with an average sell-through rate of around 70% on the opening day, indicating high market activity. In July, 4,795 existing homes were sold, a year-on-year increase of 3%, accounting for approximately 60% of total new home sales.On August 1st, the Ministry of Natural Resources, the National Forestry and Grassland Administration, the China Coast Guard, and the Hainan Provincial Peoples Government jointly issued the "Management Measures for Huangyan Island National Nature Reserve." According to the measures, my country will establish a daily patrol system in the Huangyan Island National Nature Reserve to promptly investigate and punish various illegal activities. Officials from the Department of International Cooperation (Department of Marine Rights) of the Ministry of Natural Resources and the Department of Nature Reserve Management of the National Forestry and Grassland Administration stated on August 1st that the South China Sea Bureau of the Ministry of Natural Resources will assume the management responsibilities for the Huangyan Island National Nature Reserve, including daily protection and management, resource surveys and monitoring, and ecological protection and restoration. Given the reserves unique geographical location and complex and diverse ecosystem structure, the Coast Guard should work with the management agency to establish a daily patrol system, appropriately allocate patrol personnel and equipment, and promptly investigate and punish various illegal activities that damage the natural resources and ecological environment of the reserve. Related illegal activities will be investigated and prosecuted in accordance with the provisions of the Ecological Environment Code, the Law on the Administration of Marine Area Use, the Law on the Protection of Islands, the Wildlife Protection Law, the Coast Guard Law, and the Regulations on Nature Reserves.SAIC-GM-Wulings global sales reached 120,050 units in July, with 72,695 new energy vehicles sold.Jihu Auto: 23,517 vehicles were delivered in July, up 150.45% year-on-year, with cumulative deliveries exceeding 100,000 vehicles from January to July.On August 1st, Japans Ministry of Finance posted on the social media platform X that the Japanese monetary authorities have multiple tools at their disposal to meet market liquidity needs. These tools include, as appropriate, the use of the Federal Reserves Standing Repurchase Facility (FIMA), which accepts U.S. Treasury securities as collateral to provide temporary dollar liquidity. The Ministry of Finance stated, "We are prepared to utilize available tools as needed to support the orderly functioning of the market."

Gold Prices Increase in Response to Inflation Fears And Ukraine Concerns

Charlie Brooks

Apr 08, 2022 09:26

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By 2:13 p.m. ET, spot gold XAU= was up 0.5 percent to $1,934.69 per ounce (1812 GMT). Gold futures in the United States increased by 0.8 percent to $1,937.80.


"Once inflation resumes, which I believe it will, it will work in favor of gold, even in the face of the Fed's aggressive monetary policy," Jim Wycoff, senior analyst at Kitco Metals, said.


The Fed's March meeting minutes revealed growing anxiety among officials that inflation had spread across the economy, with "many" members preparing to hike interest rates in large 50-basis-point increments in the coming sessions. 


Rising interest rates in the United States raise the potential cost of bullion holdings while strengthening the currency.


The dollar index =USD eased off a near two-year high reached earlier in the day, while benchmark US 10-year Treasury rates likewise remained around a multi-year high reached on Wednesday. 


Ukraine has increased its requests for crushing financial penalties to compel Moscow to terminate the conflict, while NATO nations have decided to bolster their support for Kyiv. 


Wall Street's major indexes sank for the third consecutive day, as growth stocks extended losses on worries about a more hawkish Federal Reserve and the Ukraine crisis.


Palladium XPD= increased by up to 3.7 percent to about $2,278 per ounce.


"Palladium has historically been quite volatile. Today's focus is on recouping some of yesterday's losses, "Miguel Perez-Santalla, Heraeus Metals Management's head of trading, sales, and marketing in New York, concurred. (Entire Story)


Russia produces between 25% and 30% of the world's palladium, a metal used by manufacturers to decrease pollution from engine exhausts.


Silver XAG= increased 0.6 percent to $24.58 per ounce, while platinum XPT= increased 0.9 percent to $961.53.

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