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February 4th - Zhu Weidong, Deputy Director of the Central Financial and Economic Affairs Commission and Deputy Director of the Central Rural Work Leading Group, stated at a press conference held by the State Council Information Office on the 4th that this years focus will be on stabilizing farmers income from grain cultivation. The key is to coordinate the use of policies such as pricing, subsidies, and insurance, improve the income protection mechanism for grain farmers, and prevent farmers from suffering losses due to low grain prices. Regarding prices, the government will make good use of policy tools such as minimum purchase prices and target prices, coordinate market-oriented procurement and policy-based storage, and promote the maintenance of reasonable prices for important agricultural products such as grain. Regarding subsidies, the government will maintain the implementation of subsidies for arable land protection, corn and soybean producers, and rice, effectively implement subsidies for agricultural machinery purchases and applications, and encourage local governments to conduct pilot programs for interest subsidies on special loans for grain and oilseed planting, providing farmers with tangible financial support. Regarding insurance, the government will strengthen insurance coverage for rice, wheat, corn, and soybeans, support the development of local specialty agricultural product insurance, improve insurance claims efficiency, effectively prevent natural and market risks, and provide farmers with a "safety belt" for grain cultivation.Petronas, the Malaysian national oil company, has signed a 20-year liquefied natural gas (LNG) supply agreement with Qatar Energy.According to futures news on February 4th, for the week ending January 31st, Japanese commercial crude oil inventories increased by 654,790 kiloliters from the previous week to 9,905,950 kiloliters. Japanese gasoline inventories decreased by 23,192 kiloliters from the previous week to 1,695,734 kiloliters. Japanese kerosene inventories decreased by 126,993 kiloliters from the previous week to 1,803,582 kiloliters. The average operating rate of Japanese refineries was 87.7%, compared to 91.1% the previous week.February 4th - According to Sensor Towers store intelligence platform, 36 Chinese companies were among the top 100 global mobile game publishers in terms of revenue in January 2026, generating a total of $2.18 billion, accounting for 37.8% of the total revenue of the top 100 global mobile game publishers in that period. Tencent, thanks to the strong performance of its flagship products such as "Honor of Kings" and "Peacekeeper Elite," saw its mobile game revenue increase by 43% month-on-month, firmly retaining its title as the worlds highest-grossing mobile game publisher.On February 4th, Lazard CEO Peter Orszag stated at the "Wall Street Journal Invest Live" event that the Federal Reserve may not have cut interest rates at the end of last year. While the market generally believes inflation is declining, he expects inflation to unexpectedly rise this year. He added that artificial intelligence and high-income consumers could boost US economic growth, describing this momentum as "fragile but strong." He also pointed out that most of the impact of tariffs has not yet materialized, which could also push up inflation. He believes the Fed has fallen behind the curve and should not have cut rates at the end of last year. "If we are right," he said, "all of this has only further exacerbated inflation, led to further depreciation of the dollar, and steepened the yield curve."

International gold prices turn up and the U.S. index weakens; but investors are hoping for new clues from the FED

Oct 26, 2021 10:59

On Thursday (October 7) European time, international gold prices rebounded and turned up due to the weakening of the US dollar index. However, investors generally remained cautious before the release of the US non-agricultural data in September. They are seeking new clues from the Federal Reserve on reducing the pace of debt purchases.

At GMT+8 16:08, spot gold rose 0.08% to US$1,764.25 per ounce; the main COMEX gold contract rose 0.19% to US$1765.2 per ounce; the US dollar index fell 0.08% to 94.157.


Faced with concerns that upward pressure on prices may last longer, the Fed will have to act faster to normalize monetary policy. Boosted by this expectation, the U.S. dollar recorded a high of 94.504 since September 28, 2020 last week, which suppressed the price of gold.

Data released overnight showed that private employment in the United States increased strongly in September. The upcoming US non-agricultural report on Friday (October 8) is expected to show an improvement in the labor market, which is an important criterion for the Fed to begin to reduce support measures during the epidemic.

Stephen Innes, managing partner of SPI Asset Management, said: "The central bank is watching inflation continue to rise, and the situation is precarious... Historically speaking, this is good for gold, but this is not the case in an environment where the central bank has begun to shift to an interest rate hike model. If the U.S. employment data is strong in September and the U.S. Treasury yield rises to 1.6%, gold may fall to $1,725."

Tai Hui, chief Asian market strategist at JP Morgan Asset Management, said: "We expect that US Treasury yields will continue to rise in the context of the Fed's exit from QE and the US economic recovery, and this will also be the focus of the market in the near future. US Treasury yields. The rate will not rise endlessly. At some point they will stabilize and I think the dollar will face slightly greater downward pressure by then, which is why we still expect the dollar to weaken."

The U.S. Senate minority leader and Republican Congressman Mitch McConnell proposed to Democrats on Wednesday to temporarily raise the U.S. government debt ceiling until December this year, in order to lift the imminent debt ceiling crisis and buy time for the final increase of the debt ceiling. According to Treasury Secretary Yellen’s previous estimates, if Congress fails to raise the debt ceiling in time before October 18, the US government will have its first debt default in history, with disastrous consequences.

According to reports, the Democrats will decide to accept McConnell’s proposal, and Congress can vote on it as early as Thursday. If McConnell’s proposal is passed smoothly, the tensions caused by a series of urgent fiscal issues in Congress between the end of September and the beginning of October will be postponed to December. Previously, Congress passed the bill on September 30, avoiding the government's shutdown at the last minute, and agreed to provide temporary funding for the government until December 3. Therefore, Congress will face the dual problems of debt ceiling and government shutdown from the end of November to the beginning of December.

Vincent Tie, sales manager of Singapore-based trader Silver Bullion, said: "We need to see the price of gold break through the major resistance levels before we can better understand whether the price of gold is about to end its short-term bearish trend."

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