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Zhipu (02513.HK) fell by more than 10%, with its share price dropping to HK$2,090.On June 26, the State Taxation Administration issued an interpretation of the "Announcement of the State Taxation Administration on Relevant Matters Concerning the Administration of Individual Income Tax." Regarding whether there have been any adjustments to the individual income tax policy supporting residents home replacement purchases, the State Taxation Administration stated that, according to the "Announcement of the Ministry of Finance, the State Taxation Administration, and the Ministry of Housing and Urban-Rural Development on Continuing the Implementation of Relevant Individual Income Tax Policies Supporting Residents Home Replacement Purchases" (Announcement No. 3 of 2026), the relevant individual income tax policy supporting residents home replacement purchases will continue to be implemented until December 31, 2027. Specific regulations and filing procedures also remain the same as before. Eligible taxpayers should refer to the provisions of the "Announcement of the State Taxation Administration on Relevant Matters Concerning the Administration of Individual Income Tax Policies Supporting Residents Home Replacement Purchases" (Announcement No. 21 of 2022) for processing.Both WTI and Brent crude oil prices fell by more than 1% during the day, currently trading at $70.61 per barrel and $74.34 per barrel respectively.On June 26, 2026, Pan Gongsheng, Governor of the Peoples Bank of China, met with Jan Vera, Chairman and CEO of Citigroup. The two sides exchanged views on the global economic and financial situation, Chinas macroeconomic policies, and China-US economic and trade relations.June 26 - European and American stock index futures continued to decline, with Nasdaq 100 futures falling by 1.6%, S&P 500 futures down 0.7%, and Dow Jones futures down 0.18%; Euro Stoxx 50 futures fell 0.9%, German DAX futures fell 1%, and UK FTSE futures fell 0.8%.

Predictions for Gold Prices — Gold prices rose as the dollar weakened

Alina Haynes

May 24, 2022 09:43

Gold prices rise as the dollar weakens to start the week. The currency experienced negative pressure on reduced growth prospects and likely march toward recession. Benchmark rates climbed as shares surged today. Today, the yield on the ten-year Treasury note rose by 3 basis points.

 

On Monday, there was little going on in the world of business. Focus continues on Fed Chair Powell’s speech tomorrow and major economic statistics including PCI and first-quarter GDP published this week. Investors are anxious about impending recession and sluggish economic growth.

Analytical Methods

Gold prices came back from session highs but are still higher and possibly be headed to the 1860s. This week's economic statistics might point to a slowdown in economic growth, which would benefit gold.

 

To begin the week, gold prices held above the 200-day moving average of $1839. Support is indicated near the 200-day moving average near 1839. Resistance is apparent at the May 12th peak of 1858.

 

The Fast Stochastic has formed a crossover buy signal, indicating that the short-term momentum is bullish. Prices are no longer oversold as the fast stochastic prints a value of 54.58, considerably above the oversold trigger level of 20.

 

Medium-term momentum turns bullish as the MACD can provide a crossover buy signal. This occurs as the 12-day moving average minus the 26-day moving average passes below the 9-day moving average of the MACD line.

 

Price declines are predicted by the MACD (moving average convergence divergence) histogram, which shows a downward trend in price.

 

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