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On August 30, the 2026 National Social Science Fund Annual Project Review Meeting was held in Beijing. Li Shulei, member of the Political Bureau of the CPC Central Committee and Minister of the Publicity Department of the CPC Central Committee, attended and delivered a speech. The meeting emphasized that Chinese-style modernization provides a rich practical foundation and broad space for innovation for the high-quality development of philosophy and social sciences. It stressed focusing on primary tasks, fully utilizing resources and methods from various disciplines, and continuously deepening the systematic research and interpretation of the Partys innovative theoretical system. It also emphasized accelerating the construction of an independent knowledge system for Chinese philosophy and social sciences, actively researching and solving major theoretical and practical problems of Chinese-style modernization, promoting the creative transformation and innovative development of excellent traditional Chinese culture, and facilitating cultural exchange and mutual learning. Furthermore, it stressed the need to focus on building a research management system and organizational form conducive to solving real problems, deepening the systemic reform of the National Social Science Fund, advocating excellent academic style and writing style, improving the academic evaluation system, stimulating research vitality, and promoting the digital and intelligent empowerment of philosophy and social science research.The Ukrainian military stated that Ukraine has struck an oil refinery in the Leningrad region of Russia and a military airbase in the Krasnodar region.August 30 - According to a report by the Icelandic National Broadcasting Corporation on the 30th, preliminary vote counts from the Icelandic referendum held on the 29th showed that a majority of voters opposed restarting negotiations for Icelands accession to the European Union.Malaysian Prime Minister Anwar Ibrahim: The new fuel quota system will be implemented on September 1.On August 30th, it was reported that on August 29th local time, violent attacks by Jewish settlers occurred in several locations in the West Bank, resulting in multiple injuries. In the village of Goslah, over 50 masked settlers threw stones at Palestinian residents inside their homes; in the village of Jaloud, masked settlers intercepted and attacked a vehicle belonging to the NBC News team; and in the village of Khaldin, armed settlers kidnapped and detained a British activist who supports Palestine.

China's problems slow copper's comeback while gold prices rise

Filip Fraser

Sep 27, 2022 14:35

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Gold prices recovered from two-year lows on Tuesday as the dollar's rally stalled, while Chinese industrial activity news halted copper's comeback.


Spot gold rose 0.5% to $1,629.96 per ounce, while futures were unchanged at $1,635.25 per ounce (01:57 GMT). Both instruments rebounded from their lows since early 2020 as dollar pressure eased.


The dollar index fell after reaching a 20-year high Monday. This year, a slump in major asset classes and rising interest rates boosted the dollar's safe-haven demand, allowing it to surpass gold.


Since Russia invaded Ukraine, rising interest rates have reduced gold's appeal.


After falling below $1,700 and $1,650, the market anticipates gold to drop below $1,600 in the next few days. Gold's near-term upside seems limited. Gold is down 10% this year.


This year, other precious metals fell. Platinum and silver both fell 12.5%.


Jerome Powell will speak on U.S. monetary policy on Wednesday. Last week's Fed meeting was marked by Powell's hawkishness.


Copper prices retreated Tuesday as Chinese industrial profits fell for a second month in August.


Copper futures recovered 0.3% to $3.3015 a pound after plunging 2% to a two-month low. The red metal is down 24% this year and nearing its 2022 low of $3.1355.


Rising interest rates and a drop in industrial production have hurt copper prices this year.


Investors planned anticipating a supply constraint due to China's economic slowdown, the world's top copper importer.