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January 26th - In 2025, public security traffic management departments across the country actively promoted online processing of traffic management services such as license plate and certificate replacement without leaving home. Nationwide, 116 million online transactions were processed for drivers license and vehicle registration certificate replacement, and temporary license plate issuance. Furthermore, since the Ministry of Public Security fully implemented the "one-stop" service for registering new domestically produced passenger cars on November 1, 2025, 200,000 car owners have registered their domestically produced passenger cars through the "Traffic Management 12123" App.On January 26, a new anti-American propaganda poster was unveiled in Revolution Square in downtown Tehran, the capital of Iran, on January 25 local time. The poster serves as a warning to the United States: do not launch a military strike against Iran. The poster depicts "several damaged aircraft on the deck of a US aircraft carrier" and is accompanied by the slogan in Persian and English: "Sow the wind, reap the storm."January 26th - The Fifth Session of the 14th Guangdong Provincial Peoples Congress opened this morning. The provincial government work report indicates that in 2026, Guangdong will allocate more funds and resources to people, strengthening inclusive, basic, and safety-net-oriented livelihood construction. In education, it will promote the expansion and quality improvement of basic education, adding more than 200,000 regular high school places and expanding the enrollment scale of high-quality undergraduate education. In social security, it will increase the basic pension for urban and rural residents and steadily promote provincial-level pooling of basic medical insurance. In healthcare, it will fully promote the "one-time registration for three days" outpatient service and deepen the mutual recognition of medical institution examination and testing results.On January 26th, it was reported that on January 23rd, the Haikou Municipal Bureau of Business Environment Construction and the Shenzhen Municipal Government Service and Data Management Bureau jointly signed the "Shenzhen-Haikou Government Service Cross-Provincial Interoperability Cooperation Agreement," marking a new stage in cross-regional collaboration of government services between the two cities and further supporting the coordinated development of the Hainan Free Trade Port and the Guangdong-Hong Kong-Macao Greater Bay Area. Next, Haikou will continue to deepen cooperation with the Shenzhen Municipal Government Service and Data Management Bureau, expand the scope of "cross-provincial interoperability" items, and improve the efficiency of collaborative services between the two cities. Plans include incorporating more high-frequency items into the "Shenzhen Xiao i" AI+ government service model, providing residents of both cities with intelligent assistance and "cross-provincial interoperability" services. Simultaneously, efforts will be made to promote the sharing and mutual recognition of reform measures such as "one license (certificate) for all," "de-physical photo processing," "centralized certificate production," and the global ID card system of "6 types and 10 cards," strengthening offline exchanges between government service departments in both cities, and enabling businesses and the public to truly enjoy more convenient and efficient cross-regional government services.January 26th - The Fifth Session of the 14th Guangdong Provincial Peoples Congress opened today in Guangzhou. Guangdong Governor Meng Fanli delivered the government work report to the congress. The report stated that in 2026, Guangdong will adhere to the principle of prioritizing the real economy and making manufacturing the leading sector, accelerating the construction of a more robust modern industrial system. It will vigorously promote the intelligent, green, and integrated development of various industries, accelerate the improvement of the integrity, advancement, and security of each industry, actively promote the deep integration of the innovation chain, industrial chain, capital chain, and talent chain, accelerate the coordinated development of primary, secondary, and tertiary industries, and accelerate the construction of a modern industrial system with advanced manufacturing as its backbone, possessing Guangdong characteristics and advantages, and strong international competitiveness.

Forecast for Gold Price: XAU/USD consolidates above $2,000 as investors await initial US S&P PMI data

Daniel Rogers

Apr 21, 2023 13:52

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During the Asian session, the price of gold (XAU / USD) is oscillating above the psychological resistance of $2,000.00. After a gradual increase, the price of gold has leveled off near $2,005.00 as investors await the release of preliminary S&P PMI data for the United States.

 

S&P500 futures have added some gains during the Asian session following three consecutive declines. As a result of Elon Musk's price-cutting frenzy, Tesla's revenue projections were gloomy, which dampened market sentiment. Near 101.77, the US Dollar Index (DXY) has extended its correction. The USD Index has been consolidating in a range between 100.90 and 102.03 for the past several trading sessions. Therefore, a move that exceeds the previously specified limit will be considered decisive.

 

The subdued USD index weighs on US Treasury yields as well. The demand for U.S. government bonds has increased as weekly unemployment claims have increased. The number of individuals claiming unemployment benefits rose to 245K, exceeding the consensus estimate of 240K. This indicated a softening in the labor market and bolstered expectations that the Federal Reserve (Fed) will not raise interest rates after the monetary policy meeting in May.

 

In the future, the publication of the preliminary US S&P PMI data will determine the impact of the Fed's rate hikes on the scope of economic activity. According to projections, the Manufacturing PMI and Services PMI will decline to 49.0 and 51.5, respectively. A preliminary PMI reading that is weaker than anticipated could impact heavily on the U.S. dollar.