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On November 15th, Denmark, holding the rotating presidency of the European Union, announced on social media that it had completed the delivery of weapons and military equipment worth nearly €830 million to Ukraine. The funds came from "unexpected proceeds" generated by the EU using frozen Russian assets. This marks the second time the EU has used "unexpected proceeds" to provide military support to Ukraine. The equipment will reportedly be used to strengthen the combat capabilities of the Ukrainian armed forces. Denmark stated that the delivery is complete and that it will continue to support Ukraine alongside its EU partners.On November 15th, the State Administration for Market Regulation (SAMR) drafted the "Guidelines for Anti-Monopoly Compliance of Internet Platforms (Draft for Public Comment)," which was released for public comment. To help platform operators better identify anti-monopoly compliance risks and enhance the readability and vividness of the provisions, the "Guidelines," drawing on anti-monopoly regulatory enforcement experience, lists eight risks for platform operators using examples: algorithmic collusion between platforms, organizing and assisting platform operators in reaching monopoly agreements, unfair pricing by platforms, selling below cost by platforms, account blocking, "choose one of two" practices, "lowest price across the entire network," and platform discrimination. These eight risk examples provide clear indications of monopoly risks in specific scenarios for internet platforms, covering various platform operations such as data transmission, algorithm application, service pricing, search ranking, recommendation display, traffic allocation, and subsidies. Platform operators are encouraged to proactively conduct risk assessments and self-checks based on the risk examples listed in the "Guidelines" to avoid the anti-monopoly compliance risks mentioned in the examples. However, determining whether an act constitutes a monopolistic act prohibited by the Anti-Monopoly Law requires investigation, evidence collection, analysis, and argumentation based on the Anti-Monopoly Law and related regulations before a conclusion can be reached.The Dow Jones Industrial Average closed down 309.74 points, or 0.65%, at 47,147.48 on Friday, November 14; the S&P 500 closed down 3.38 points, or 0.05%, at 6,734.11; and the Nasdaq Composite closed up 30.23 points, or 0.13%, at 22,900.59.Federal Reserve Governor Milan: A December rate cut is very appropriate. Recent data strengthens the case for a rate cut.The U.S. Bureau of Economic Analysis: U.S. international trade data for goods and services for August 2025 will be released on November 19.

Gold And Copper Are Stable Despite Diminished Expectations For A Rate Hike

Skylar Williams

Nov 23, 2022 14:39

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Gold prices steadied on Wednesday, but copper maintained its robust advances, as risky assets rose on forecasts that the Federal Reserve will hike interest rates at a slower rate in the near future, which also limited dollar gains.


In recent weeks, a growing number of Fed officials have forecast that the central bank will likely raise interest rates by a modest 50 basis points in December (bps). This resulted in a rise in betting that U.S. inflation has peaked and that the central bank will eventually halt its rate of interest rate hikes.


This circumstance is positive for metal markets, which have been battered by rising interest rates this year. An improvement in economic conditions also increases the demand for industrial metals such as copper.


Spot gold increased to $1,740.66 per ounce at 18:53 E.T., while gold futures held constant at $1,741.25 per ounce (23:53 GMT).


In light of the fact that increasing interest rates have raised the opportunity cost of holding gold this year, the possibility of slower rate increases gives some short-term solace for gold. There is a 75% chance that the Fed will increase interest rates by 50 basis points in December.


However, the head of the Kansas City Fed, Esther George, cautioned on Tuesday that interest rates might remain elevated for a longer length of time in order to lower inflation, a situation that is expected to have an effect on metal markets over the next year.


Despite the fact that gold has recouped the majority of its losses this year, the yellow metal is still trading well below the highs it attained earlier this year. The precious metal also fared badly as an inflation hedge and lost its status as a monetary safe haven.


The dollar reduced some of its recent gains on Wednesday, falling from a two-week high.


Copper prices among industrial metals continued to rise on Tuesday, rising from a 10-day low in conjunction with a bigger recovery in risky assets.


Copper futures rose 0.2% per pound to $3.6290. In reaction to mounting COVID-19 cases in China, which slowed economic activity and limited the country's demand for commodities, the price of the precious metal fell last week.


Copper supplies are anticipated to tighten as a result of disruptions in main producing nations Chile and Peru. It is also predicted that U.S. sanctions on important Russian metal exporters will limit output.

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