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The General Staff of the Ukrainian Armed Forces: In the past day, the Russian army lost about 1,000 soldiers, as well as 3 armored personnel carriers, 45 artillery systems and other equipment.On October 19th, Russian law enforcement revealed that Ukrainian armed forces were using a satellite system from the British company OneWeb to control unmanned boats in the Black Sea, and that a similar unmanned boat had been captured as a trophy. Sources said Ukraine was using the system as a backup communication channel for the Starlink system. "OneWeb terminals have been integrated into the maritime drone control system. Now, OneWeb is used as a backup communication channel alongside the primary system, the US Starlink," the source said. He explained that unlike Starlink, which uses thousands of low-orbit satellites, OneWeb deploys its network in medium-Earth orbit. This allows for wider coverage per satellite, but requires more complex and expensive user terminals.On October 19, a source in the Russian security department revealed that the number of mercenaries holding American passports killed by the Russian armed forces in special military operations in Ukraine has reached nearly 100. The source said: "Since the end of February 2022, about 100 American citizens fighting alongside Ukrainian militants have been killed in Ukraine." The source pointed out that obituaries of many people have been published on social networks and Ukrainian media.On October 19th, Cui Dongshu, Secretary-General of the China Passenger Car Association (CPCA), stated in a statement that 23 models saw price reductions in September this year (compared to 36 models in the same period last year and 11 models in the same period in 2023), indicating that the current market remains relatively stable. Promotional activity for new energy vehicles remained at a mid-to-high 10.2% in September 2025, an increase of 2.6 percentage points year-on-year and a slight increase of 0.7 percentage points from the previous month. Promotional activity for traditional fuel vehicles reached 23.9% in September 2025, up 1 percentage point from the previous month and 1.9 percentage points year-on-year. The overall wholesale structure of major passenger car manufacturers continued to shift in September, with some mid-segment companies showing signs of gradual growth. Companies such as Geely Auto, Dongfeng Nissan, Xpeng Motors, Xiaomi Motors, and Leapmotor saw strong month-on-month performance. The independent brands of large state-owned groups have achieved strong growth. The independent brands of the five major state-owned groups, including SAIC, Dongfeng, Changan, Chery, and BAIC, increased by a total of 25% year-on-year in September. Among them, the second generation of independent brands of Shenlan, Lantu, Arcfox, and large groups showed strong growth.Nvidia (NVDA.O) CEO Jensen Huang will attend the Asia-Pacific Economic Cooperation (APEC) CEO Summit in South Korea.

On The Gold Market, The Dollar Reigns Supreme

Skylar Williams

Jan 03, 2023 11:20

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In 2022, gold prices are anticipated to fall for the second consecutive year, as the Federal Reserve's continuous interest rate hikes spurred a dollar surge that endangered the precious metal's standing as a safe-haven asset.


In the following year, the precious metals markets are likely to be influenced by the Federal Reserve's efforts to control inflation. Precious metals had a mixed 2022 because of Russia's invasion of Ukraine, surging inflation, COVID-19 restrictions, and declining development.


At $1,821.50 per ounce as of 19:28 GMT on December 31, 2022, spot gold is anticipated to finish the year 0.4% lower, at $1,812.28 per ounce. As governments around the world closed their borders in the early stages of the Ukraine conflict this past year, bullion came close to surpassing the all-time highs above $2,000 set in 2020.


This year's rise of the U.S. dollar to 20-year highs has reduced demand for gold priced in dollars, which has decreased by $250 since its March peak.


"Given that gold is a zero-yielding asset, the Fed's huge rate hikes in 2022 seriously undermined the precious metal's traditional functions as a safe haven and inflation hedge," said Han Tan, chief market analyst at Exinity.


The U.S. central bank's top officials have made their inflation outlook crystal clear, startling investors who had previously bet on a slower rate-hike trajectory.


Julius Baer noted in its 2023 commodity forecast, "We are confident that the outlook for U.S. monetary policy will continue to drive gold prices."


Silver's current price of $23.87 per ounce is predicted to increase by more than 2% by the end of the year. Citi analysts reported that the possibility of a global recession posed a danger to the industrial demand for silver.


The metal is employed as a safe-haven asset akin to gold as well as by manufacturers of solar panels, automobiles, and technical products.


Platinum and palladium prices soared due to apprehensions of Western sanctions against Russia, the main producer of autocatalysts.


"Assume Russian supplies continue to reach the market and neither Nornickel nor PGMs are subject to restrictions. In addition, Nornickel should complete smelter maintenance to increase output "Heraeus Precious Metals reported.


The platinum price of $1,066.01 per ounce has maintained its gains and is expected to rise by over 10% every year. Despite reaching record highs in March, palladium is down nearly 6% to $1,783.35 in its second consecutive annual loss.

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