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On February 14, Wang Yi, member of the Political Bureau of the CPC Central Committee and Foreign Minister, attended the Munich Security Conference and delivered a speech and answered questions at the "China Session." When asked about Chinas role in resolving regional conflicts, particularly the Ukraine issue, Wang Yi stated that Chinas position is clear: all regional hotspots should seek political solutions through dialogue and consultation, and the same applies to the Ukraine issue. However, China is not a party to the conflict, and the decision-making power is not in Chinas hands. What we can do is to promote peace talks. We have dispatched special envoys to mediate and, through various channels, emphasized to all parties that a ceasefire should be implemented as soon as possible, and that everyone should return to the negotiating table.On February 14, 2026, Wang Yi, member of the Political Bureau of the CPC Central Committee and Foreign Minister, attended the Munich Security Conference, delivered a speech at the "China Session," and answered questions from the audience. Wang Yi emphasized that the erroneous remarks by Japanese leaders on the Taiwan issue exposed Japans undying ambition to invade and colonize Taiwan and the lingering specter of reviving militarism. Japan launched its invasion of China and attacked Pearl Harbor under the pretext of a so-called "crisis and existential crisis." The lessons of history are still fresh and must be heeded. If Japan does not repent, it will inevitably repeat the same mistakes. Good people should be vigilant. First and foremost, the Japanese people must be reminded not to be blinded and coerced by far-right forces and extremist ideologies again. All peace-loving countries should also warn Japan: if it chooses to go back to its old ways, it will only lead to its own destruction.Joint statement from the UK, Switzerland, France, Germany, and the Netherlands: We and our partners will use all policy tools at our disposal to continue to hold Russia accountable.Joint statement from the UK, Switzerland, France, Germany, and the Netherlands: We further express our concern that Russia has not destroyed all of its chemical weapons.The United Kingdom, Sweden, France, Germany, and the Netherlands issued a joint statement regarding the death of Alexei Navalny.

Price of Gold Fundamental Daily Forecast - Steady after Fed Minutes Show No Unexpected Developments

Daniel Rogers

May 27, 2022 09:15

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Gold futures are marginally higher early on Thursday compared to the previous session's closing price. Prices were under pressure before to the release of the Federal Reserve's most recent meeting minutes, but steadied by market close following the Fed's announcement.

 

The price movement indicates that gold dealers anticipated the Fed's decision and are now prepared to study economic data that may convince officials to rethink their first response to rising inflation. One answer may be optimistic while the other may be negative. However, it might be months before we determine whether the Fed's attempts to tighten monetary policy are effective, which could result in a trading range for gold prices.

Fed Minutes Suggest Central Bank Will Not Become More Aggressive

After the minutes of the Federal Reserve's monetary policy meeting on May 3-4 indicated that the central bank would raise interest rates by 50 basis points in June and July to combat inflation, which they agreed had become a major threat to the economy's performance, gold futures recouped a portion of their dollar-driven losses late Wednesday.

 

The announcement may have been favorable for gold since traders no longer needed to fear a 75-basis-point rate rise that they had feared for the past two weeks. In addition, it appeared from the minutes that the Fed would wait until its September meeting before making any big revisions.

 

Members of the Federal Open Market Committee (FOMC) concur that the U.S. economy is robust enough to absorb two 50-basis point increases in interest rates.

Daily Forecast

Gold traders may now focus on the movement of U.S. Treasury rates and the U.S. Dollar, as the minutes have been completed. The two markets that ultimately decide gold price direction.

 

Inflation, economic growth, and employment statistics will act as yield-moving triggers during the next two months. To review the Fed's objectives. Policymakers seek to boost interest rates sufficiently to reduce inflation while preserving economic growth and a robust job market.

 

From now until September, when the Fed evaluates the impact of the June and July rate rises, U.S. economic reports are expected to influence gold prices.

 

As early as Thursday, when the U.S. Preliminary GDP and Weekly Unemployment Claims data are out, gold dealers will be able to observe this in action.

 

The GDP numbers from the first quarter are outdated, however the initial claims data are current. The market anticipates a reading of 217K. Anything greater will be cause for alarm, but will not derail Fed goals. However, it may prompt some of the weaker gold bears to reduce their short holdings.

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