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January 23 – To improve the efficiency of central treasury cash utilization and strengthen the coordination between fiscal and monetary policies, the Ministry of Finance and the Peoples Bank of China will conduct the 2026 Central Treasury Cash Management Commercial Bank Term Deposit (Phase I) bidding process from 9:00 AM to 9:30 AM on January 28, 2026, through the Peoples Bank of Chinas Central Treasury Cash Management Commercial Bank Term Deposit Business System. This phase involves 150 billion yuan, with a term of one month (28 days), an interest accrual date of January 28, 2026, and a maturity date of February 25, 2026 (postponed if it falls on a holiday). The bidding will be conducted through interest rate bidding and a single-price award method, open to participating banks in the Central Treasury Cash Management Commercial Bank Term Deposit business.January 23 – The 13th round of negotiations for the second phase of the China-South Korea Free Trade Agreement (FTA) was held in Beijing from January 19 to 23, 2026. Both sides conducted in-depth and constructive discussions on implementing the important consensus reached by the two heads of state, accelerating negotiations, and making positive progress on rules and negative lists regarding cross-border trade in services, investment, and financial services. The China-South Korea FTA entered into force on December 20, 2015. Building on the original agreement, the two sides are seeking a high level of openness in the service trade and investment sectors through the second phase of negotiations, promoting the upgrading of China-South Korea economic and trade cooperation.The UKs preliminary composite PMI for January was 53.9, below the expected 51.5 and the previous reading of 51.4.The UKs preliminary services PMI for January was 54.3, below the expected 51.7 and the previous reading of 51.4.The UKs preliminary manufacturing PMI for January was 51.6, below the expected 50.6 and the previous reading of 50.6.

Predictions for Gold Prices — Gold prices rose as the dollar weakened

Alina Haynes

May 24, 2022 09:43

Gold prices rise as the dollar weakens to start the week. The currency experienced negative pressure on reduced growth prospects and likely march toward recession. Benchmark rates climbed as shares surged today. Today, the yield on the ten-year Treasury note rose by 3 basis points.

 

On Monday, there was little going on in the world of business. Focus continues on Fed Chair Powell’s speech tomorrow and major economic statistics including PCI and first-quarter GDP published this week. Investors are anxious about impending recession and sluggish economic growth.

Analytical Methods

Gold prices came back from session highs but are still higher and possibly be headed to the 1860s. This week's economic statistics might point to a slowdown in economic growth, which would benefit gold.

 

To begin the week, gold prices held above the 200-day moving average of $1839. Support is indicated near the 200-day moving average near 1839. Resistance is apparent at the May 12th peak of 1858.

 

The Fast Stochastic has formed a crossover buy signal, indicating that the short-term momentum is bullish. Prices are no longer oversold as the fast stochastic prints a value of 54.58, considerably above the oversold trigger level of 20.

 

Medium-term momentum turns bullish as the MACD can provide a crossover buy signal. This occurs as the 12-day moving average minus the 26-day moving average passes below the 9-day moving average of the MACD line.

 

Price declines are predicted by the MACD (moving average convergence divergence) histogram, which shows a downward trend in price.

 

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