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According to Iranian state media, the Iranian police chief stated that the confrontation with rioters has intensified.On January 11, according to an announcement by XIANLE Health, the company held its 17th meeting of the fourth board of directors on January 8, 2026. The board approved the companys plan to issue H shares and list them on the Hong Kong Stock Exchange. The shares issued will be H ordinary shares listed on the Main Board of the Hong Kong Stock Exchange, denominated in RMB but subscribed in foreign currency, with a par value of RMB 1.00 per share. The company will complete the H-share listing at an appropriate time and through an issuance window within the validity period of the shareholders meeting resolution. The specific issuance and listing time will be determined by the board of directors or its authorized personnel, either individually or jointly, on behalf of the company, based on international capital market conditions, the progress of approvals and filings by domestic and foreign regulatory authorities, and other relevant circumstances.The China Earthquake Networks Center officially determined that a 3.3-magnitude earthquake occurred in Ruoqiang County, Bayingolin Mongol Autonomous Prefecture, Xinjiang, at 14:57 on January 11, with a focal depth of 25 kilometers.On January 11, at the 30th China Capital Market Forum, Chen Huaping, Vice Chairman of the China Securities Regulatory Commission (CSRC), stated that the 15th Five-Year Plan period is a crucial time for advancing Chinese-style modernization and accelerating the construction of a financial powerhouse. The CSRC will focus on the main theme of preventing risks, strengthening regulation, and promoting high-quality development. He indicated that the CSRC will further enhance the effectiveness of regulatory enforcement, continuously improve the investor education, service, and protection system, adhere to strict regulation according to law, focus on cracking down on major and egregious violations, severely punish all kinds of malicious illegal activities, and promote the implementation of more special representative litigation and advance compensation cases to enhance investor trust and confidence.On January 11th, at the 30th China Capital Market Forum, Chen Huaping, Vice Chairman of the China Securities Regulatory Commission (CSRC), stated that the CSRC will continue to improve the institutional environment for long-term investment, jointly promote a greater proportion of various medium- and long-term funds entering the market, and optimize institutional arrangements such as the Qualified Foreign Institutional Investor (QFII) system, so that various funds are willing to come, stay, and thrive. As of the end of last year, the total market capitalization of A-shares held by various medium- and long-term funds was approximately 23 trillion yuan, an increase of 36% from the beginning of the year; the size of equity funds increased from 8.4 trillion yuan at the beginning of last year to approximately 11 trillion yuan.

Forecast for Gold Price: XAUUSD licks its wounds around $1,770 in lackluster markets

Daniel Rogers

Nov 18, 2022 15:08

 截屏2022-11-17 下午2.41.58_1024x576.png

 

During Friday's Asian session, the gold price (XAUUSD) shows slight rises near $1,762 as it tests the two-day downtrend. However, the precious metal remains on track for its first weekly decline in three weeks.

 

Recent bullion increases may be attributable to a technical rebound amid a light economic calendar and weak macroeconomic conditions. Also likely to have supported the Gold price are the most recent stories indicating a relief for US students, as well as the mixed data from the previous day.

 

Nonetheless, CNBC reported that the Biden administration will petition the Supreme Court to reinstate the student loan debt relief scheme. On the other hand, October's disappointing Philadelphia Fed Manufacturing Index and housing data may have cast doubt on the Fed's recent hawkish rhetoric.

 

The latest Reuters poll for the US Federal Reserve (Fed) predicts that the Fed will downshift in December to deliver a 50 basis point (bps) interest rate hike, although a longer period of US central bank tightening and a higher policy rate peak pose the greatest threats to the present forecast.

 

In addition, recent optimistic US stock futures and better equity prices in the Asia-Pacific area appeared to have aided the XAUUSD bulls.

 

Given the weak economic calendar and the metal's recent corrective rally, bears will need to regularly monitor risk catalysts to maintain control.