• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
July 15th - According to data from the National Bureau of Statistics, in the first half of the year, the national online retail sales of goods and services reached 10,071.5 billion yuan, a year-on-year increase of 5.2%. Among them, online retail sales of goods reached 6,429.6 billion yuan, an increase of 4.8%; within online retail sales of goods, food, clothing, and daily necessities increased by 16.8%, 6.2%, and 1.3% respectively. Online retail sales of services reached 3,641.9 billion yuan, an increase of 6.0%.According to the National Bureau of Statistics, in the first half of the year, investment in high-tech industries increased by 4.6% year-on-year, with investment in the aviation, spacecraft and equipment manufacturing, computer and office equipment manufacturing, and information services industries increasing by 23.3%, 8.1%, and 15.5% year-on-year, respectively.July 15th - According to data from the National Bureau of Statistics, in the first half of the year, by location of business, urban retail sales of consumer goods reached 21,550.6 billion yuan, a year-on-year increase of 1.2%; rural retail sales of consumer goods reached 3,321.6 billion yuan, an increase of 2.5%. In June, urban retail sales of consumer goods reached 3,684.4 billion yuan, a year-on-year increase of 0.8%; rural retail sales of consumer goods reached 584.7 billion yuan, an increase of 2.1%. By consumption type, in the first half of the year, retail sales of goods reached 22,046.7 billion yuan, a year-on-year increase of 1.1%; catering revenue reached 2,825.5 billion yuan, an increase of 2.8%. In June, retail sales of goods reached 3,792.4 billion yuan, a year-on-year increase of 0.9%; catering revenue reached 476.7 billion yuan, an increase of 1.2%. By retail format, in the first half of the year, among retail enterprises above the designated size, convenience stores and supermarkets saw year-on-year increases of 6.6% and 3.8% respectively; specialty stores, department stores, and brand specialty stores saw decreases of 1.5%, 2.1%, and 8.7% respectively.According to the National Bureau of Statistics, private fixed asset investment fell by 8.5% year-on-year in the first half of the year. On a month-on-month basis, fixed asset investment (excluding rural households) fell by 0.37% in June.July 15th - According to data from the National Bureau of Statistics, from January to June, by industry, investment in the primary sector reached 460 billion yuan, a year-on-year increase of 0.9%; investment in the secondary sector reached 8.312 trillion yuan, a decrease of 1.1%; and investment in the tertiary sector reached 13.8649 trillion yuan, a decrease of 8.4%. Industrial investment decreased by 1.1% year-on-year. Among them, investment in mining increased by 5.9%, investment in manufacturing decreased by 1.2%, and investment in the production and supply of electricity, heat, gas, and water decreased by 2.7%. Infrastructure investment decreased by 2.4% year-on-year. Among them, investment in information transmission increased by 25.6%, investment in water transportation increased by 19.8%, and investment in air transportation increased by 11.0%.

Gold Prices Increase in Response to Inflation Fears And Ukraine Concerns

Charlie Brooks

Apr 08, 2022 09:26

G2.png


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.