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On March 16, the Yemeni Houthi armed forces said on the 16th that the US militarys air strikes on many places in Yemen on the 15th have killed at least 20 people. The Yemeni Houthi armed forces also stated that they will not remain indifferent to the US military attacks. The Houthi armed forces are fully prepared to "escalate against escalation." The Yemeni Houthi armed forces said on the 16th that the US militarys air strikes on many places in Yemen on the 15th have killed at least 20 people. The Yemeni Houthi armed forces also stated that they will not remain indifferent to the US military attacks. The Houthi armed forces are fully prepared to "escalate against escalation."According to the Philippine Institute of Volcanology and Seismology, a magnitude 5.1 earthquake occurred in the sea near Surigao del Norte Province, Philippines at around 9:10 am on March 16, with a focal depth of 10 kilometers. The earthquake is not expected to cause any damage, but there will be aftershocks.On March 16, French President Emmanuel Macron said in an interview published by French media on the evening of the 15th that if Russia and Ukraine achieve a ceasefire, France is willing to talk with Russia on the arrangements for providing security guarantees to Ukraine, including "direct communication" with Russian President Vladimir Putin. Macron said in the interview that the consensus reached on a temporary ceasefire in the US-Ukraine-Saudi talks was "an important progress" and now "the pressure is on Russia." If Russia is considered to have no sincerity in participating in the peace process, US President Trump is expected to increase sanctions and pressure on Russia. Macron said that "many countries", including some non-European countries, have expressed their willingness to participate in the "volunteer alliance" proposed by France and Britain to provide security guarantees for Ukraine after the future ceasefire, and each participating country is expected to send thousands of soldiers. Macron also expressed opposition to the confiscation of Russias frozen assets in the interview, believing that this "violates international rules."March 16 news, March 16, Baidu officially released Wenxin Big Model 4.5 and Wenxin Big Model X1. At present, the two models have been launched on the official website of Wenxin Yiyan and are open to users for free. At the same time, Wenxin Big Model 4.5 has been launched on Baidu Smart Cloud Qianfan Big Model Platform, and enterprise users and developers can log in to call the API; Wenxin Big Model X1 will also be launched on Qianfan soon. Baidu Search, Wenxiaoyan APP and other products will gradually connect to Wenxin Big Model 4.5 and Wenxin Big Model X1.According to the European-Mediterranean Seismological Center, a 4.7-magnitude earthquake occurred off the coast of central Chile at 21:22 local time on March 15, with a focal depth of 27 kilometers. No casualties or property losses have been reported so far.

International gold prices are stable, investors are waiting for non-agricultural data; ETF market supports bears

Eden

Oct 26, 2021 11:00

On Friday (October 8), international gold prices were basically stable, and the volatility narrowed further, as investors waited for the US non-agricultural employment report to be released in order to seek more trading guidance from it. The report will determine the pace at which the Fed will reduce its easing process in the future.

At 15:39 GMT+8, spot gold price fell slightly by 0.02% to US$1755.37 per ounce; the main COMEX gold contract fell 0.22% to US$1755.3 per ounce; the US dollar index rose 0.12% to 94.326.


As the summer peak of new crown virus infections begins to fade, US job growth may accelerate in September, boosting the demand for high-contact services such as dining out, and allowing the Fed to start reducing the scale of monthly debt purchases.

Jeffrey Halley, senior market analyst for OANDA Asia Pacific, said that as local investors buy precious metals to hedge against risk events, gold has gained support during the Asian session. But he added: "The final trend of gold prices will be determined by tonight's non-agricultural employment report. If the number of new non-agricultural jobs in September is no less than 500,000, there will be no suspense when the Fed starts to reduce the scale of debt purchases this year, which is expected to boost. U.S. yields and the U.S. dollar, gold is expected to resume its downward trend."

The market predicts that non-agricultural jobs in the United States may increase by 500,000 in September. The weekly jobless claims data released overnight showed that the number of initial jobless claims in the United States recorded the largest drop in three months last week. This indicates that the labor market recovery is experiencing the most recent as this wave of viral infections begins to recede. After slowing down, it is regaining momentum.

Fed Chairman Powell hinted last month that as long as U.S. employment growth is “reasonably strong” in September, the Fed can begin to reduce the size of its monthly debt purchases by US$120 billion after the November 2-3 policy meeting.

The U.S. Senate passed a bill to raise the debt ceiling, which will be passed to the House of Representatives for final approval. The U.S. Senate on Thursday took a step toward passing a move to increase the Treasury Department’s $480 billion borrowing authority, which is sufficient to maintain the Treasury’s borrowing and spending until at least the beginning of December.

U.S. Treasury Secretary Yellen said in an interview with CNN on Thursday that she is pleased to see that the Senate is taking action to suspend the debt ceiling, but she added that the implementation of the debt ceiling is causing more and more damage to the United States. The dangerous conflict has caused the American people and the global market to question whether the United States is paying its bills seriously."

According to the latest data released by the World Gold Council (WGC), the global gold ETF net outflow in September was 15.2 tons (approximately US$830 million, and the scale of asset management decreased by 0.4%); in the context of rising U.S. bond yields and a strong US dollar, gold prices fell , At the end of September, the total global gold ETF size fell to 3592 tons (2010 billion US dollars), the lowest since April.

In September, global gold ETFs (Exchange Traded Funds) recorded net outflows for the second consecutive month; Asian funds recorded net inflows, which failed to offset the outflows of European and North American funds.