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April 1st - The State Council Taiwan Affairs Office held a regular press conference on April 1st. A reporter asked: Regarding the State Council Taiwan Affairs Offices statement that it will assist Taiwan in building a high-speed rail around the island and an east-west highway after peaceful reunification, the Mainland Affairs Council stated that related statements focus too much on material interests and have limited appeal to Taiwanese society. What is your comment on this? Spokesperson Zhang Han stated that the sooner reunification is achieved, the more beneficial it will be for Taiwans development and for Taiwanese compatriots to live a better life. The DPP authorities, for their own partisan interests, stubbornly pursue "independence" and refuse reunification, which will only deprive the Taiwanese people of their right to pursue a better life. We hope that the vast majority of Taiwanese compatriots will actively participate in the just cause of promoting the reunification of the motherland and build our common homeland into a better place.April 1st news: Several provinces will promote the large-scale development of hydrogen energy this year and study relevant support policies and measures: ① In 2026, the Fujian Provincial Government Work Report proposed implementing a future industry cultivation and development action, vigorously developing key areas including green hydrogen energy, and exploring diversified technical routes, typical application scenarios, and feasible business models. ② This year, Inner Mongolia will rapidly promote the pilot development of the entire hydrogen energy industry chain, including production, storage, transportation, and utilization, and carry out five tasks: improving innovation capabilities, enhancing the quality and efficiency of wind and solar hydrogen production, expanding green hydrogen demand, infrastructure construction, and strengthening the industry chain. ③ During the 15th Five-Year Plan period, Guangdong will focus on breakthroughs in key core technologies of hydrogen energy such as fuel cells and high-efficiency water electrolyzers, accelerate the cultivation of the entire hydrogen energy industry chain, and actively promote the demonstration application of hydrogen energy in transportation, industry, and energy. Related policies are still under research and formulation. ④ During the 15th Five-Year Plan period, Jiangsu Province will focus on cultivating the hydrogen energy industry and strive to create a rationally laid out, domestically leading hydrogen energy industry cluster. This year, it will actively explore various hydrogen storage and transportation methods to reduce hydrogen storage and transportation costs.On April 1st, the State Council Taiwan Affairs Office held a regular press conference. A reporter asked: Recently, Fujian Province released its first batch of landmark achievements in the construction of the Cross-Strait Integrated Development Demonstration Zone, categorized into three types: policies, projects, and platforms. Could you please provide details and outline the next steps for advancing the demonstration zones construction? Spokesperson Zhang Han stated that Fujian recently released its first batch of landmark achievements in the construction of the Cross-Strait Integrated Development Demonstration Zone. These include 7 policy-related achievements, 5 project-related achievements, and 5 platform-related achievements. The State Council Taiwan Affairs Office and the National Development and Reform Commission will continue to work with relevant departments to promote the construction of the demonstration zone with more concrete measures, greater efforts, and higher standards, supporting Fujian in taking greater strides and achieving more development in exploring a new path for cross-strait integrated development.April 1st - According to Iranian sources, Hezbollah in Lebanon released a letter from Iranian Supreme Leader Mojtaba Khamenei to Hezbollah leader Naeem Qassem on March 30th in the early hours of April 1st local time. In the letter, Khamenei reiterated Irans firm support for Hezbollah in its resistance against the US and Israel.April 1st - The State Council Taiwan Affairs Office held a regular press conference on April 1st. Spokesperson Zhang Han stated that the DPP authorities claim to build a so-called "non-red supply chain" is nothing more than a way to hand over Taiwans industries to others in order to achieve their "relying on foreign powers for independence" scheme. Cross-Strait economic and trade cooperation is mutually beneficial and has brought tangible benefits to Taiwanese compatriots. More and more Taiwanese compatriots have seen the convenience and opportunities brought about by cross-Strait integrated development. This year marks the beginning of the 15th Five-Year Plan. During the 15th Five-Year Plan period, we will promote the deep integration of technological innovation and industrial innovation, creating a new situation in optimizing and upgrading traditional industries, cultivating and expanding emerging industries, and proactively planning for future industries. This will undoubtedly open up broader space for cross-Strait industrial cooperation and provide more opportunities for Taiwanese compatriots and businesses.

Gold and Precious Metals Rise as Dollar Rally Fails to Continue

Skylar Williams

Aug 05, 2022 11:02

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As the U.S. dollar's upward trend began to level out on Thursday, the price of gold and most other precious metals rose.


At 20:56 EST (0057 GMT), the current price of gold was $1,767.41 per ounce, an increase of 0.1 percent. The price of gold futures increased by 0.4% to $1,783.60 per ounce.


Platinum futures gained by 0.1%, while silver futures jumped by 0.6% after falling by 1.0% over the previous two days.


Following a two-day surge, the U.S. dollar dropped, causing precious metals prices to rise. In the past two days, the dollar index has risen around 1 percent, as hawkish comments from two Federal Reserve officials have fueled expectations for more rapid interest rate increases this year.


Mary Daly, president of the Federal Reserve Bank of San Francisco, and Charles Evans, president of the Federal Reserve Bank of Chicago, both opined that inflation is elevated and that the Federal Reserve will likely increase interest rates further to combat rising prices.


Additionally, a potential improvement in U.S.-China ties fueled demand for the dollar as a safe-haven asset.


The U.S. Dollar Index declined by 0.1 percent during Asian trade on Thursday. Futures for the U.S. Dollar Index fell within a comparable range.


Despite the fact that gold appears to have recovered some ground over the past two weeks, the yellow metal's outlook for this year remains bleak due to the possibility of rising interest rates. As the Federal Reserve continues to tighten monetary policy, it is projected that the prices of the vast majority of other precious metals will also undergo muted fluctuations.


On the industrial metals market, copper futures decreased 0.2% to $3.4710 a pound. Futures for Zinc declined by 0.8% while futures for Nickel climbed marginally.


Copper prices dropped significantly this week as a result of a string of poor manufacturing PMIs from across the world. This pattern of poor manufacturing statistics is projected to weigh on industrial metals in the coming months.

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