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On November 24th, a research report from China International Capital Corporation (CICC) indicated that, unlike the past three years, the current surge in precious metals is primarily driven by cyclical demand for gold, while silver prices have outpaced golds gains. Looking ahead to 2026, the report believes that cyclical demand and structural trends are likely to continue driving the upward trend in gold and silver prices. Under the baseline scenario, CICC projects that COMEX gold prices will reach $4,500 per ounce and silver prices will reach $55 per ounce by 2026, representing further upside potential from current levels. The report argues that cyclical investment demand for precious metals has not yet peaked, as US monetary policy may shift towards easing in the short term, and the risk of long-term inflation expectations decoupling may persist. On the other hand, under the new macroeconomic order, the unique allocation value of physical gold and the strategic resource attributes of silver will become increasingly prominent, providing structural support for global central bank gold purchases, private physical investment, and regional stockpiling.Finnish President Stubb: Any decision that falls within the authority of the EU or NATO will be discussed and decided by EU and NATO member states on a separate track.Finnish President Stubb: I spoke with Ukrainian President Zelensky this morning. I welcome the progress made in our talks with Ukraine yesterday in Geneva. The negotiations have taken a step forward, but many important issues remain to be resolved.November 24th - On November 23rd, the total number of passengers passing through Shenzhen ports in 2025 exceeded 240 million, surpassing the total for the entire year of 2024. This milestone was reached 38 days ahead of last year, setting a new record for the fastest breakthrough in the same period in history.On November 24th, it was learned from the Yangshan Port Maritime Safety Administration that the export volume of "new three items" of goods transported by sea, represented by new energy vehicles, is constantly rising at Yangshan Port, and the accompanying transportation safety issues are becoming increasingly prominent. Recently, the Yangshan Port Maritime Safety Administration uncovered a case of false declaration of documents for new energy vehicles during export port approval. The company involved used another companys qualifications during the declaration process, posing a serious safety hazard to the maritime transport of dangerous goods. It is understood that the declared goods consisted of two new energy vehicles powered by lithium batteries. When law enforcement officers compared data through the intelligent maritime supervision system, they discovered discrepancies between some key information in the declaration materials and the actual situation, and immediately launched an in-depth investigation.

Cryptos

Crypto Market Daily Highlights: BTC Delivered Market Support

The crypto market ended a negative week on an optimistic note. Gains were small, though, as investors fought off increased surveillance.