• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On April 3rd, Futures News reported that silver prices have been trending downwards and rebounding since March. As of April 2nd, the domestic spot price of #1 silver was 18,150 yuan/kg, a cumulative decrease of 25.7% compared to the beginning of March. The main driver was negative news, specifically the turmoil in the Middle East, which led the market to price in expectations of subsequent energy supply tightening, thus increasing concerns about inflation. The Federal Reserve shifted its stance from one rate cut this year to the possibility of a rate hike, putting pressure on silver. However, Powells subsequent statement suggesting maintaining interest rates and the release of some conciliatory signals between the US and Iran led to a correction in market expectations for rate cuts. Domestically, with the export tax rebate period for photovoltaic modules approaching, the downstream rush to produce and export has largely ended. Coupled with the weakness in new energy vehicles and price volatility weakening market investment demand, the fundamentals are under overall pressure. Going forward, continued attention needs to be paid to the direction of the Middle East situation and its impact on the Federal Reserves interest rate path. Silver volatility may increase, and it is recommended to invest cautiously based on ones own risk tolerance.On April 3rd, Tencent Cloud officially launched its "Lobster" memory service—TencentDB Agent Memory—adding a long-term memory layer to OpenClaw. Currently, Agent Memory is seamlessly integrated into Tencent Cloud products such as Lighthouse and ClawPro as a plugin, and can be activated for free with a single click.On April 3, Hong Leong Investment Bank, in a report, pointed out that the Malaysian economy may be under pressure due to temporary energy supply disruptions caused by the conflict with Iran, and therefore lowered its 2026 GDP growth forecast from 4.7% to 4.5%. Although Malaysian ships were recently granted free passage through the Strait of Hormuz, analysts believe that the risk of oil supply shortages cannot be completely ignored. However, strong exports of electronic products and continued consumer demand will support growth. Due to rising commodity costs and adverse weather conditions, RON97 fuel oil, unsubsidized diesel, electricity, and food are facing upward price pressure, and Hong Leong Investment Bank raised its 2026 CPI growth forecast from 1.7% to 2.0%. Given the rising inflation risks and slowing growth prospects, analysts added that the Central Bank of Malaysia is likely to maintain the policy rate at 2.75% when assessing the impact of the conflict.On April 3rd, the Wuhan Housing Provident Fund Management Center released its interpretation of the policy on optimizing the use of housing provident funds, document number Wu Gong Zhong Gui [2026] No. 2. Regarding expanding the scope of inter-city loans, the eligibility for inter-city housing provident fund loans has been expanded to include employees contributing to the fund in cities across the country, and the restriction that borrowers (including their spouses) must have Wuhan household registration has been removed. The eligibility for commercial-to-provident fund loan conversions has also been expanded to include employees contributing to the fund in cities across the country. The determination of the number of properties eligible for loans has been adjusted. From October 1, 2025 to June 30, 2027, if a contributing family sells its only home and applies for a housing provident fund loan to purchase a newly built or existing home in Wuhan, the citys first-home housing provident fund loan policy will apply; if a family sells one of its two homes and applies for a housing provident fund loan to purchase a newly built or existing home in Wuhan, the citys second-home housing provident fund loan policy will apply.April 3 - According to a CNN report on April 2, US intelligence assessments indicate that despite five weeks of US-Israeli military action against Iran, approximately half of Irans missile launchers remain intact, and it possesses thousands of suicide drones. The report, citing sources, states that the main reason Irans missile launchers have not been severely damaged is their ability to be moved underground. Furthermore, Irans use of mobile platforms for "hit-and-run" tactics makes tracking these launchers extremely difficult. Sources say that in addition to existing missile launchers, Iran still maintains a large stockpile of missiles. Moreover, the operational capability of Irans coastal cruise missiles is likely largely intact.

The Devil Is In The Details: Gold Analysis - Federal Reserve Minutes

Larissa Barlow

Apr 07, 2022 10:33

Analyses of Federal Reserve Minutes 

While both the FOMC statement and Chairman Powell's press conference provide market participants with information about the FOMC's updated and revised monetary policy, it is the release of the minutes that provides investors with significantly greater clarity and understanding. The devil, as they say, is in the details.

 

The Federal Reserve issued the official minutes from its March FOMC meeting today, providing insight into the central bank's current plans to begin unwinding its balance sheet assets. Beginning in March 2020, the Federal Reserve will add around $4.6 trillion to its balance sheet by purchasing $120 billion monthly in mortgage-backed securities ($40 billion) and US Treasury securities ($80 billion), bringing their total to just over $9 trillion.

 

According to Federal Reserve Governor Lael Brainard, the Fed intends to employ a mix of interest rate rises and a quick run-off of the balance sheet to bring US monetary policy closer to neutral later this year.

 

However, the minutes released today imply that the Federal Reserve will unwind around $3 trillion over the next three years, reducing its $9 trillion balance sheet to $6 trillion. While the Fed appears to be indicating a quick runoff of its balance sheet, the reality is that the Federal Reserve's balance sheet will be nearly $2 trillion larger than it was prior to the epidemic.

 

"Participants continued their discussion on plans to reduce the size of the Federal Reserve's balance sheet in a manner consistent with the methodology outlined in the Committee's Principles for Reducing the Size of the Federal Reserve's Balance Sheet, announced following its January meeting."

 

Additionally, the minutes stated, "While no decision was made regarding the Committee's plan to reduce the Federal Reserve's balance sheet at this meeting, participants agreed that significant progress had been made on the plan and that the Committee was well positioned to begin the process of reducing the balance sheet's size as soon as after the conclusion of its upcoming May meeting."


截屏2022-04-07 上午9.59.45.png