• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On January 5th, President Xi Jinping met with Irish Prime Minister Martin at the Great Hall of the People in Beijing. Xi Jinping pointed out that the world today is fraught with turmoil, and unilateral bullying is severely impacting the international order. All countries should respect the development paths chosen independently by other peoples, abide by international law and the purposes and principles of the UN Charter, with major powers taking the lead. China and Ireland both support multilateralism and advocate international fairness and justice. They should strengthen coordination and cooperation in international affairs, jointly safeguard the authority of the United Nations, and promote the development of the global governance system in a more just and equitable direction. China and the EU should take a long-term perspective, adhere to the partnership framework, view and handle differences objectively and rationally, and uphold win-win cooperation. Ireland will assume the rotating presidency of the EU in the second half of the year, and it is hoped that Ireland will play a constructive role in the healthy and stable development of China-EU relations.January 5th - According to foreign media analysis, the case of Panamanian leader Manuel Noriega, arrested by the US government more than 30 years ago, may serve as a significant reference for Maduros case. Noriega was accused of involvement in drug smuggling into the US and was also arrested during a military operation within his own country. His lawyers argued that the US invasion and cross-border arrest violated international law and due process, and that Noriega, as a head of state, enjoyed immunity. However, the court did not accept this argument, ruling that the manner in which he was brought to the US did not affect criminal jurisdiction. Legal experts point out that if Maduro claims he was illegally brought to the US, existing precedents support continuing the prosecution. The real difficulty lies in whether he enjoys immunity as a head of state or for official acts. The difference is that the US did not recognize Noriegas head of state status at the time, while the Department of Justice, in its indictment unsealed on Saturday, referred to Maduro as the "de facto but illegitimate ruler" of Venezuela. Steve Vladek, a professor at Georgetown Universitys Law Center, stated, "This lawsuit is by no means a sure thing," especially regarding the accusations against Maduro himself.On January 5th, Citigroup released a report stating that Lei Jun, Chairman of Xiaomi Group (01810.HK), revealed in his New Years livestream on the evening of January 3rd that the companys 2026 electric vehicle delivery target is 550,000 units. This figure is lower than investors expectations of 600,000 to 700,000 units, and also lower than Citigroups estimate of 700,000 units. The banks scenario analysis shows that a 21% reduction in electric vehicle shipments could impact electric vehicle operating profit by RMB 5.4 billion, or equivalent to 11% of the banks adjusted net profit forecast for Xiaomi in 2026. Citigroup believes this target is conservative, as based on the operating rate of over 50,000 units delivered per month in December 2025, its production capacity is likely sufficient to support deliveries of over 600,000 units. The bank believes that Xiaomis actual backlog of orders is already below 200,000 units, and that monthly new orders at the end of the year have stabilized at around 20,000 units.January 5th - On January 4th, Baiyun District of Guangzhou successfully auctioned off the citys first residential land parcel of the year. The AB1208028 plot in the Future Industry Innovation Core Area of Taihe Town, Baiyun District, was won by Guangzhou Haiyao Investment Development Co., Ltd. The plot is located in the core area of the Guangzhou Private Science and Technology Park, a national-level high-tech zone, approximately 500 meters from Exit C of Taihe Metro Station on Line 14. This area, positioned to develop manufacturing headquarters and professional supporting services, will be developed into a future industry technology CBD.On January 5th, according to Tianyanchas risk information platform, Fang Yunzhou, Zhang Yong, and Yichun Langling Enterprise Management Consulting Center (Limited Partnership) were recently added to the list of judgment debtors, with an enforcement target of over 1.05 million yuan. The executing court is the Shanghai First Intermediate Peoples Court. Yichun Langling Enterprise Management Consulting Center (Limited Partnership) was established in October 2021, with Fang Yunzhou as the general partner and a capital contribution of 5.48 million yuan. Its business scope includes social and economic consulting services and information consulting services. Partner information shows that the consulting center is jointly funded by Fang Yunzhou, Zhang Yong, and more than 40 other partners.

Forecast for Gold Price: XAUUSD advances to the backside of the bull micro trend

Alina Haynes

Nov 15, 2022 16:49

截屏2022-06-07 下午5.15.45.png

 

Despite a stronger US Dollar, the Gold price reached a new three-month high on Monday as US yields rose in response to Friday's disappointing US Consumer Price Index report. Friday's inflation figures prompted speculators to anticipate that the Federal Reserve would hold off on large interest rate hikes. As a result, demand for gold remains strong.

 

In spite of a hawkish Federal Reserve meeting, in which Fed Chair Jerome Powell pushed back against the market's reaction to a dovish announcement by suggesting that the terminal rate could be higher than initially anticipated, commodities prices have been staging a rebound from their year-to-date lows. A number of factors contribute to the shift in opinion, including rumors that China will relax its zero-Covid restrictions. Due to a recent string of less inflationary US data outcomes, it had been speculated that a Fed policy shift was imminent.

 

US consumer prices grew 0.4% for the month of October and 7.7% year-over-year, as reported on Friday. This was down from 8.2% year-over-year in September and 0.2 percentage points below the consensus, with the ex-food and energy estimate coming in at 6.3%. This was a positive report, and the market's response included a 5.5% increase in the S&P 500 and a 26 basis point drop in the 2-year Treasury rate, which sent gold soaring and the dollar plummeting. Gold traders were already focused on the increase in money managers' short positions over the past few months, which led to significant short covering above the $1,720 resistance level.