• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On January 31st, a research report from CITIC Securities pointed out that the Trump administrations domestic and foreign policies are expected to profoundly impact global markets this year. CITIC Securities believes that one of the Trump administrations core objectives is to push down long-term interest rates through personnel changes at the Federal Reserve and a series of initiatives to boost the traditional economy and support the midterm elections. Success would be beneficial for global stock markets and commodities. However, its foreign policy focuses on domestic affairs and voter demands, and may only have a short-term impact on major asset classes. The extent of the fiscal deficit expansion remains uncertain, which is beneficial for gold and non-ferrous metals. The midterm election results are crucial; although Trump has tried his best to gain an advantage, a Republican defeat would be a short-term negative for risk assets other than US Treasuries.On January 31, the Civil Aviation Administration of China (CAAC) held a video conference on January 30 to deploy the 2026 Spring Festival travel rush work. The meeting focused on studying and implementing the important instructions and directives of General Secretary Xi Jinping on Spring Festival travel rush and work safety, and mobilized and deployed the 2026 civil aviation Spring Festival travel rush work. CAAC Deputy Director Ma Bing attended the meeting and delivered a speech. The meeting emphasized the need to solidify work responsibilities and go all out to ensure the success of all aspects of the Spring Festival travel rush work. It stressed implementing all safety requirements for the end of the year and the beginning of the new year, as well as winter operations, focusing on key safety aspects, strengthening the investigation and rectification of hidden dangers and supervision and inspection, and ensuring aviation safety; providing special Spring Festival services, strengthening support for key groups, handling irregular flights properly, standardizing market prices, and optimizing the passenger travel experience; strengthening market dynamic monitoring and optimizing Spring Festival flight arrangements; ensuring sufficient and capable on-duty personnel, properly handling emergencies, and providing care and support for frontline staff.U.S. Border Affairs Director Homan: My message is consistent with the position that has been in place since President Trump took office on January 20: we will conduct large-scale deportations, but will prioritize arresting criminals and those who threaten public safety.On January 31, it was reported that on January 30 local time, the Director of the White House Office of Management and Budget issued a memo to department heads instructing agencies whose funding was due at midnight to begin preparing for a government shutdown. These agencies included the Department of Defense, Department of Homeland Security, State Department, Treasury Department, Department of Labor, Department of Health and Human Services, Department of Education, Department of Transportation, and Department of Housing and Urban Development. Russ Vought stated, “Given that Congress is clearly unable to complete its work before the funding expires, affected agencies should now implement orderly shutdown plans. Employees should report to work on time, fulfill their next regular work duties, and conduct orderly shutdown activities. The government will continue to work with Congress to address recently raised issues and complete the funding work for fiscal year 2026. We hope this shutdown will not be too long.”January 31 – According to a report in the New York Times, documents released by the U.S. Department of Justice on Friday show that billionaire businessman Howard Lutnick, who served as Commerce Secretary in the Trump administration, planned to visit Jeffrey Epsteins private island. This planned visit took place in 2012 – a time when Lutnick had previously claimed to have severed ties with Epstein. Records show that in December 2012, Lutnick emailed Epstein to inquire about his location, stating that he, his family, and another family were in the Caribbean and asking if he could join them for a meal. Epstein replied through an assistant with his location on Little St. James Island, near the coast of St. Thomas in the U.S. Virgin Islands, and the two sides finalized the arrangements for a luncheon. The documents confirm that the visit did take place: the meeting was scheduled for December 23, 2012, and the following day, Epsteins assistant forwarded Lutnick a message from Epstein that read, "Its a pleasure to see you." In recent years, the visits of prominent figures closely associated with Epstein to the island have been subject to public scrutiny, but Lutnicks planned itinerary for this trip had not been disclosed before.

Gold price prediction: XAU/USD expects to reach $1,770 before the combined US ISM data

Alina Haynes

Aug 01, 2022 11:45

 截屏2022-07-29 上午11.06.12_1024x576.png

 

The optimism shown last week in the Asian session for Gold Price (XAU/USD) is anticipated to continue as escalating recession worries in the US economy have fueled demand for the precious metal. The yellow metal moved sideways after setting a new three-week high at $1,768, but despite intense pricing pressures in the US economy, further gains are still justified.

 

The US Personal Consumption Expenditure (PCE) for Friday came in at 6.8%, above estimates and the previous release of 6.7% and 6.3%, respectively. Well, a 50 basis point increase in the Federal Reserve's (Fed) favored inflation gauge shows no symptoms of a price pressures weariness. However, anxiety over the recession has suddenly increased.

 

Investors will be watching the US Institute of Supply Management (ISM) data release in today's session. The ISM Manufacturing PMI is probably going to drop from its previous reading of 53 to 52. A decline in the Manufacturing PMI suggests that the Fed's aggressive increase in interest rates has begun to show its effects, but inflation has not yet been fully contained, which is a major cause for concern. Although the economic data is now higher at 52 compared to the previous release of 49.2, the New Orders Index still warrants a respectable improvement. This demonstrates that despite skyrocketing prices, consumer spending is rising quickly.