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May 6th - The railways May Day holiday transport season, which began on April 29th, concluded today. According to the China State Railway Group, the eight-day national railway May Day holiday transport period saw approximately 158 million passenger trips, with several indicators setting new records. This years May Day holiday coincided with the spring break for primary and secondary school students across the country, resulting in strong demand for travel, family visits, and leisure activities. Railway passenger traffic remained high, with long-distance travel dominating at the beginning and end of the holiday and short-distance travel dominating in the middle.On May 6th, the State Administration of Radio and Television (SART) convened a mobilization meeting to address the issue of copyright infringement in the dissemination of television dramas. The meeting pointed out that copyright infringement in the dissemination of television dramas (including online dramas) seriously harms the legitimate rights and interests of producers and broadcasters, and undermines the healthy and sustainable development of the radio and television industry. SART, based on its industry management responsibilities, will work with the National Copyright Administration and other relevant regulatory departments to strengthen the primary responsibility of online platforms and focus on addressing the problem of copyright infringement of television dramas on illegal websites, browsers, search engines, and cloud storage services.On May 6th, at the 2026 Global Digital Cooperation Exchange Conference and Global Data Week, which opened in Shanghai, it was learned that under the guidance of the National Data Administration, Shanghai, as one of the first pilot cities for international cooperation in the data field, officially launched the Shanghai Comprehensive Pilot Program for International Cooperation in the National Data Field. This pilot program focuses on six major areas and 17 specific tasks, aiming towards 2030. Shanghai is committed to building a new international data cooperation system characterized by leading infrastructure, mutual recognition of rules, empowering platforms, and integrated scenarios. It closely adheres to releasing the value of data, promoting the digital economy, and advancing digital export services, creating a working pattern of "a new high-standard cross-border data foundation, a new high-quality system of mutual recognition of rules, a new high-level international cooperation platform, and a new highly collaborative export service ecosystem," exploring innovations for participating in global digital governance and promoting the convenient cross-border flow of data.May 6th, Futures News: Economies.com analysts latest view: Brent crude oil futures have continued to fall sharply in recent intraday trading, breaking below the short-term minor upward trend line. Although it has reached oversold levels, it may still fall further in the near term and may rebound with support at the 50-day moving average, thereby curbing the decline and potentially experiencing some upward rebound to recover some of the previous losses.May 6th Futures News: Economies.com analysts latest view: WTI crude oil futures prices fell in the latest intraday trading, breaking below the short-term uptrend line and the 50-day moving average support, exacerbating downward pressure and suggesting further declines in the short term, especially after losing key technical support levels. On the other hand, some positive signals are emerging; the Relative Strength Index (RSI) has begun to show a bullish crossover after reaching oversold levels, which may provide an opportunity for prices to stabilize or consolidate.

Look at $1727 under the international gold price

Oct 26, 2021 10:59

On Wednesday (October 6), international gold prices continued to fall, as the dollar’s strength and the rise in the yield of US 10-year Treasury bonds weakened the attractiveness of gold. Investors focused on US non-agricultural employment data later this week.

At 14:14 GMT+8, spot gold fell 0.37% to US$1753.79 per ounce; the main COMEX gold contract fell 0.40% to US$1753.0 per ounce; the US dollar index rose 0.15% to 94.126.


The 10-year U.S. Treasury yield hit a high of 1.571% since June 18, and the US dollar is close to 94.504, the highest point since September 28 last year recorded last week, weakening the attractiveness of gold to holders of other currencies.

David Meger, director of metal trading at High Ridge Futures, said that the dollar and U.S. bond yields have risen after a slight correction in the past few days, as well as the stock market rebound, which is driving down gold prices.

Friday (October 8) US employment data is expected to show that 470,000 new jobs will be added in September. This data is critical to the timetable for the Fed to cut its economic support.

On the daily chart, the price of gold has started a three-wave downward trend from US$1770. The support below looks to the 23.6% target of US$1744 and the 38.2% target of US$1727. Wave 3 is a sub-wave of the downward (3) wave that started at $1834. (3) Wave is a sub-wave of the downward ((Y)) wave that started from 1917 USD. The ((Y)) wave belongs to the adjusted IV wave that started at $2,075.