EUR/USD
1.19644
0.090%
Gold
5520.30
1.920%
Oil
65.852
3.981%
USD/JPY
153.247
-0.104%
GBP/USD
1.38249
0.127%
GBP/JPY
211.867
0.040%
Real-time News
On January 29th, market analyst Divyang Shah stated that precious metals have recently garnered significant attention, with copper prices hitting new highs. Although coppers year-to-date gains have lagged behind gold and silver, numerous reasons support the bullish trend: doubts about the Federal Reserves independence, geopolitical risks, concerns about a weakening dollar, supply chain fragmentation, demand to hedge against supply shocks, and demand related to artificial intelligence are all factors that can influence investment decisions. We previously emphasized that "in addition to gold, countries will begin strategically stockpiling key commodities. This strategic trend may continue for many years," a theme that remains relevant in the commodities market.The China Earthquake Networks Center officially reported that a magnitude 3.0 earthquake occurred at 21:54 on January 29 in Luntai County, Bayingolin Mongol Autonomous Prefecture, Xinjiang (41.40 degrees north latitude, 84.46 degrees east longitude), with a focal depth of 15 kilometers.Davis, an analyst at BMO Capital Markets, said the expansion of the commodity range has exacerbated market volatility.January 29th - According to US financial media Semafor, US President Trump and Federal Reserve Chairman Powell, whom he has long wanted to replace, have reached a rare consensus on one thing: the US economy is doing better than Americans realize. Trump exclaimed on Wednesday, "I think nobody realizes it – the economy is booming." Hours later, Powell also told reporters, "The economy has once again surprised us with its strength." However, he also pointed out, "Consumer surveys look very negative, and then theres spending. The economy has been out of sync with consumption and spending for some time. People are still consuming, but theyre feeling the affordability. One of our jobs is price stability, and the best thing we can do for those who are feeling the pressure is to control inflation."January 29th - On the evening of the 29th local time, the Union Election Commission of Myanmar continued to release the list of elected members of parliament for the third phase of the general election. According to preliminary results, the Union Solidarity and Development Party (USDP), Myanmars largest political party, has won more than half of the seats in the House of Nationalities (Upper House) of the Union Parliament. As of now, the USDP has won more than half of the seats in both the House of Representatives (Lower House) and the House of Nationalities (Upper House) of the Union Parliament.
