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On February 25, DAMO Data announced that its operating revenue in 2024 was 1.044 billion yuan, a year-on-year increase of 31.49%; the net profit attributable to the parent companys owners was 362 million yuan, a year-on-year increase of 22.26%.Ukraine needs $524 billion to recover and rebuild after three years of conflict, according to studies by the World Bank, the United Nations, the European Union and the Ukrainian government.Chairman of the Japan Automobile Manufacturers Association (JAMA): We strongly hope to be able to exempt the Japan Automobile Manufacturers Association from tariffs in the United States.Chairman of the Japan Automobile Manufacturers Association (JAMA): The United States remains Japans most important export market, accounting for 6 trillion yen of Japans total exports and about 30% of total automobile exports.On February 25, the China Passenger Car Association released data on February 25. Taking January 2019 as the base period, the overall market product competitiveness index in January 2025 was 88.5, down 1.8 points from the previous month. From the perspective of the three major market segments, the SUV and MPV markets rose by 0.9 and 12.6 points respectively, while the sedan market fell by 4.3 points. In January 2025, the wholesale volume of passenger cars was 2.101 million, a slight year-on-year decrease and a sharp month-on-month decrease. Due to the early Spring Festival, many consumers completed their replacement and purchase plans before the Spring Festival in advance at the end of 2024. Therefore, the car market in January was slightly weaker than the hot rhythm of the car market in previous years. In addition, the effective sales time in January was less than 4 days, which made the overall market heat fall by 0.6 points from the previous month. Overall, the overall market product competitiveness index fell by 1.8 points from the previous month.

Gold Price Prediction: XAU/USD declines toward 200-SMA retest as yields support US Dollar recovery

Alina Haynes

Mar 02, 2023 15:52

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During the first day of losses in four prior to the European session, the gold price (XAU/USD) oscillates around the intraday low of $1,831. In doing so, the precious metal validates the stronger US Dollar and risk-averse market sentiment on a slow Thursday.

 

US Dollar Index (DXY) rebounded from a one-week low to 104.60 at the latest, up 0.17 percent intraday, as greenback supporters tracked robust US Treasury bond yields and cheered sour sentiment amid hawkish Federal Reserve (Fed) talks. The increase in US Treasury bond yields reflects the market's apprehension, which has recently pressured Wall Street investors and weighed on S&P 500 Futures. On the same side may be the ardent Minneapolis Federal Reserve (Fed) President Neel Kashkari, as well as the policymakers of the Bank of England (BoE) and the European Central Bank (ECB).

 

Gold purchasers are encouraged by the recent improvement in China's economic data and the country's policymakers' upbeat remarks. China's Minister of Human Resources recently stated, "China's employment will continue to increase this year and remains stable overall." On Wednesday, China's Finance Minister Liu He expressed a willingness to increase the country's fiscal expenditure while noting that the foundation of China's economic recovery remains fragile.

 

Moving on, G20 updates could be combined with central banker comments and US secondary data to amuse XAU/USD traders.


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