EUR/USD 1.14589
0.235%
Gold 4172.64
1.188%
Oil 68.959
0.791%
USD/JPY 160.845
-0.161%
GBP/USD 1.33759
0.226%
GBP/JPY 215.151
0.080%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
July 3rd - According to the State Administration for Market Regulation, in June 2016, the State Council issued the "Opinions on Establishing a Fair Competition Review System in Market System Construction," formally establishing my countrys fair competition review system. Over the past decade, a total of 1.88 million policy measures have been reviewed nationwide, with 123,000 policies and measures that excluded or restricted competition being repealed or revised. The fair competition review system has played a significant role in regulating local government economic promotion activities, breaking down local protectionism and market segmentation, and promoting the construction of a unified national market.Kioxia CEO: We see no signs of weak demand in the data center sector.July 3rd - KB Securities analysts Jeff Kim and others stated that SK Hynix is expected to benefit from accelerating AI infrastructure investment in the second half of the year, as well as a memory chip supply shortage projected to last until the end of 2028. The analysts stated, "Driven by the continued expansion of AI-related investments, the upward trend in SK Hynixs profits and stock price is far from over." KB Securities predicts that global AI investment will reach $800 billion in 2026, $1.1 trillion in 2027, and $1.5 trillion in 2028. KB has raised its 2026 operating profit forecast for SK Hynix by 3.6% to 290 trillion won.On July 3, European Central Bank President Christine Lagarde hinted on July 2 that she did not rule out the possibility of resigning her current post and running in next years French presidential election. In an interview that day, when asked if she would consider leaving office early if the eurozone inflation situation stabilized, Lagarde replied, "Possibly. I think there should be a European voice in the French presidential election." She also commented on Frances relationship with the EU, stating that if a presidential candidate raises the idea of "reducing Frances involvement in the EU" during election debates, someone needs to explain to voters that this path is not easy. "France will have to make bold decisions on thorny issues," she said, adding that voters expect to be told the truth and offered solutions, and "presidential candidates have a responsibility to examine these issues and propose solutions." When asked whether she would support a candidate or run herself, Lagarde initially answered "Im considering it," but then quickly corrected herself, saying she was joking.Indias final composite PMI for June was 57.1, compared to 57.4 in the previous month.

Gold Stabilizes Before Fed Minutes, As Copper Falls on China Worries

Skylar Williams

Jan 04, 2023 11:33

109.png


On Wednesday, gold prices remained at six-month highs, stopping a recent rally, as traders re-entered the dollar in anticipation of fresh monetary policy hints from the Federal Reserve's December meeting minutes.


Concerns about an imminent recession and a potential halt in U.S. interest rate hikes increased the demand for safe havens other than the dollar, which contributed to gold's strong start to the new year.


Wednesday, however, the dollar recoup some of its previous losses due to uncertainty around the release of the Fed's minutes. In light of several inflation indicators indicating that U.S. price pressures have likely peaked, the markets will be observing whether central bank members supported a further softening of interest rate hikes at their December meeting.


The probability that the Federal Reserve will raise interest rates by an even more modest 25 basis points in February is currently priced at over 90% by the markets.


As of 19:22 EST, spot gold fell 0.1% to $1,838.66 per ounce, while gold futures down 0.1% to $1,844.65 per ounce (00:22 GMT). Both assets increased by more than 1 percent on their first full trading day of the year.


The International Monetary Fund's prediction of a possible recession in 2023 spurred some investors to purchase gold, as the possibility of a U.S. recession lessens the appeal of the dollar.


Due to this warning and rising concerns about China's sluggish economic recovery, copper prices had a poor start to the new year. On Wednesday, copper futures were flat at $3.7707 per pound after losing nearly 2% the day before.


Given its extensive industrial application, the red metal is susceptible to fluctuations in economic forecasts. As a result of China's production slowdown caused by COVID-related delays, copper prices fell by around 11% in 2022.


Despite the fact that a number of anti-COVID measures were lifted in December, the country is now facing an unprecedented increase in the virus' transmission, which analysts say may postpone the reopening of a larger portion of the airport.


However, the anticipation of slower rate hikes by the Federal Reserve is expected to support metal markets in the near future, particularly if the dollar loses additional ground. In the fourth quarter of 2022, the dollar declined significantly, allowing commodity markets to regain lost ground.

Suggestion