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February 15th - According to reports on the 13th local time, US chocolate prices continue to rise due to factors such as supply shortages in major global cocoa-producing regions, with a year-on-year increase exceeding 14%. Data from the US market research company DataCollection shows that from January 1st to early February this year, US chocolate retail prices rose 14.4% year-on-year. Specifically, chocolate prices in cities like Denver and Los Angeles rose by approximately 17% year-on-year, while the Dallas-Fort Worth area saw a surge of 19%. The rise in US chocolate prices is mainly due to the global shortage of cocoa beans, the core ingredient. West Africa accounts for about 70% of global cocoa bean production, and extreme weather led to poor harvests, pushing cocoa futures prices to historical highs. Although international cocoa prices have recently fallen significantly, the US chocolate market is still digesting previously purchased high-priced raw material inventory, and the upward trend in chocolate prices may continue in the short term.February 15th - According to foreign media reports, the Vietnamese government approved SpaceXs Starlink satellite internet service launch in Vietnam on February 14th. The Vietnamese Ministry of Science and Technology has issued a license to Starlinks local subsidiary, allowing it to provide fixed and mobile satellite internet services. The company has also been granted permission to use radio frequencies and wireless equipment.February 15th – Hong Kong Financial Secretary Paul Chan Mo-po delivered a Lunar New Year message: "In the past year, with the strong support of the nation and the joint efforts of the SAR government and citizens, we have overcome many challenges. Exports performed well, visitor numbers increased, local consumption stabilized, and the international financial center developed steadily, resulting in overall economic stability and progress. Looking ahead to the new year, the external environment is challenging, but it will also present many new opportunities. We will actively strive for economic development, consolidate and enhance traditional advantageous industries, while exploring new markets and developing emerging industries. We will vigorously attract businesses and gather talent, ensuring that the fruits of diversified development better benefit the citizens. This year marks the beginning of the 15th Five-Year Plan, and we will more actively integrate into and serve the overall development of the nation, leveraging our strengths to serve the countrys needs."SpaceX announced that a Falcon 9 rocket launched 24 Starlink satellites from California.On February 15th, the State Administration for Market Regulation (National Standardization Administration) recently approved and released the national standard "Evaluation Guidelines for Park City Construction" (GB/T47111—2026). This standard systematically stipulates the general principles, framework, construction content, process, and methods for evaluating park city construction. First, it clarifies the principles of park city construction evaluation, emphasizing a comprehensive, people-oriented, site-specific, and scientifically applicable approach, while focusing on process objectivity and the application of results. Second, it constructs a comprehensive construction evaluation framework, covering five aspects and ten evaluation items: natural ecology, spatial form, living environment, ecological empowerment, and urban governance. Third, it provides clear and specific evaluation content and methods, offering guidance on core aspects such as symbiotic patterns, parks and greenways, and urban-park integration, and standardizing the evaluation process and methods from preparation and evaluation to the summary stage. Fourth, it encourages localities to construct evaluation indicator systems that suit their local characteristics, based on their own resource endowments and development stages, and to build park cities according to local conditions. The release and implementation of this standard will help scientifically guide park city construction across the country, providing standard support for localities to conduct park city construction evaluations based on their own characteristics and local conditions.

Gold Price Forecast — Gold Prices Held Steady Despite Risk-Averse Market Sentiment

Alina Haynes

May 19, 2022 10:43

Despite the decrease in yields, gold prices remained relatively unchanged. The dollar rises to levels not seen in two decades as investors put dollar-bearing wagers. As investors flocked into bonds in response to the sell-off in equities, benchmark rates lost ground.

 

The Dow Jones and Nasdaq had significant daily drops as inflation fears increased in response to earnings announcements. Today, the yield on ten-year bonds fell by 9 basis points.

 

In April, residential dwelling starts decreased by 0.2% due to higher mortgage rates. The 30-year loan rate rose to 5.3% last week, up from 2.94 percent a year ago. Inflationary spirals and high material costs have weighed on the housing market.

 

Harker, president of the Philadelphia Fed, predicted that the Fed will implement two 50-basis-point rate hikes in June and July during FOMC meetings.

Technical Evaluation

In light of expected Fed rate hikes, gold prices will stay range-bound. Gold prices are experiencing downward momentum approaching the 1,800 level and are going toward $1780, which was near the trading session's low.

 

Near the 16 May lows near 1788 is viewed as support. The prior support level around the 200-day moving average of 1,838 represents resistance.

 

Short-term momentum becomes negative as the Fast Stochastic may imply a sell crossover. As the fast stochastic displays a value of 22.22 below the oversold threshold of 20, prices remain oversold.

 

As the MACD produces a crossover sell signal, medium-term momentum has gone negative. This occurs when the 12-day moving average minus the 26-day moving average crosses below the MACD line's 9-day moving average.

 

The trajectory of the MACD (moving average convergence divergence) histogram is negative, indicating falling prices.

  

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