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June 20th - According to Russian media reports, starting September 1st, the Russian government will impose an 8% export tax on certain diamonds in an effort to protect its domestic diamond cutting and processing industry. The policy stipulates that the Russian government will levy an 8% export tax on uncut and partially cut diamonds weighing between 0.45 carats and 10.8 carats, as well as diamonds of special sizes exceeding 10.8 carats. However, this measure will not apply to member states of the Eurasian Economic Union.On June 20, the Consulate General of the Peoples Republic of China in Mandalay issued a statement saying that recently, several Chinese citizens were arrested by Myanmar police after entering Myanmar through Mandalay Airport for illegally traveling to areas prohibited or restricted to foreigners. Simultaneously, several Chinese citizens using entry and exit permits to enter northern Myanmar through relevant land border crossings were also arrested by Myanmar police for suspected illegal entry while en route to other inland areas. The Consulate General of the Peoples Republic of China in Mandalay reminds Chinese citizens traveling to Myanmar to fully understand Myanmars national conditions and laws and regulations, and not to travel to areas prohibited or restricted to foreigners. They should also strictly abide by the scope of use of their travel documents, especially those entering Myanmar through China-Myanmar border crossings with entry and exit permits, who are limited to activities in relevant border cities on the Myanmar side and should not cross the border into inland areas to avoid violating Myanmar law.According to Syrian state television, the Syrian Ministry of Defense stated that an attack by unidentified gunmen in northeastern Aleppo resulted in the deaths of two soldiers.On June 20th, Tencent customer service stated that WeChat Xiaowei (intelligent assistant) is a native AI assistant being tested on a small scale by the WeChat team and is currently still in the testing phase. The customer service representative stated that WeChat Xiaowei supports operating native WeChat functions via text or voice dialogue, such as adjusting settings, sending messages, and making phone calls. Xiaowei currently uses multiple AI models, including Tencents self-developed and high-quality open-source models. "Currently, WeChat Xiaoweis gray-scale testing covers multiple systems; please refer to the actual page display for specific participation eligibility," the customer service representative said.Israeli military officials: Following the attack, the military has launched strikes against Hezbollah targets in southern Lebanon.

Forecast for Gold Price: XAU/USD bulls want confirmation from $1,905

Daniel Rogers

Feb 06, 2023 15:36

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Gold price (XAU/USD) recovers from monthly low, grinding higher at intraday highs near $1,878 as the European session begins on Monday. In doing so, the yellow metal reverses a two-day slump in the face of a sluggish US Dollar, negative sentiment, and aggressive Fed sentiment.

 

The positive US jobs report and ISM Services PMI on Friday rekindled speculation that the Federal Reserve (Fed) had leeway to raise interest rates. However, the US shooting of a Chinese balloon and the cancellation of US Secretary of State Antony Blinken's visit to Beijing weigh on the market's risk profile. In the same vein, China warned not to exacerbate the delicate situation and described the incident as a "obvious overreaction."

 

The US Dollar Index (DXY) stays passive despite a comeback in US Treasury bond yields and slight losses in stock futures. The cause may be the DXY bull's hesitation ahead of Fed Chair Jerome Powell's speech on Tuesday.