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On August 27, Ling Ji, Vice Minister of Commerce and Deputy Representative for International Trade Negotiations, co-chaired the 20th meeting of the China-Poland Joint Economic Committee with Baranovski, Deputy State Secretary of the Polish Ministry of Economic Development and Technology, in Beijing. Ling Ji stated that this year marks the 10th anniversary of the establishment of the comprehensive strategic partnership between China and Poland. In recent years, bilateral trade between the two countries has continued to grow, two-way investment has steadily progressed, and the potential for connectivity has been continuously released. China is willing to expand imports from Poland, promote a more balanced bilateral trade, and strengthen supply chain cooperation with Poland in areas such as new energy, intelligent manufacturing, and logistics warehousing. China hopes that Poland will provide a fair, just, and non-discriminatory business environment for Chinese enterprises operating in Poland. China is willing to properly resolve differences with the EU through dialogue and consultation, and promote the healthy and stable development of China-EU economic and trade relations.Market news: Regulators say the maintenance of U.S. attack submarines is costing billions of dollars.The U.S. military has guided 75 ships to change course.White House Press Secretary Janet Levitt said in an interview with Fox News on Thursday that the United States and Iran are not currently negotiating an end to the war because Washington is focused on exerting economic pressure on Tehran, but all options remain "on the table." "President Trumps primary goal has always been, and always will be, to ensure that Iran never acquires nuclear weapons. Its that simple. Therefore, we launched Operation Epic Fury to destroy their military capabilities. Now, weve launched Operation Economic Isolation to destroy their economy," Levitt said. "There are currently no negotiations taking place, and this will continue until the president believes they might come to the negotiating table in a meaningful way. We havent seen that yet." Levitt added, "He certainly continues to keep all options open, and the naval blockade remains in effect."UN Secretary-General Guterres: Funding from the United States will be received soon.

Gold And Copper Prices Oscillate About $1,750 Despite Fed Hawkishness

Skylar Williams

Nov 21, 2022 11:29

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As investors anticipated further clarity on the direction of U.S. monetary policy in the coming months, gold prices changed slightly on Monday, but remained near key support levels. In the meanwhile, copper prices remained low because of the likelihood that more COVID issues in China would decrease demand.


The minutes of the most recent Federal Reserve meeting are expected to provide fresh insight into the central bank's intentions for increasing interest rates when they are released on Thursday.


Inflation has fallen more than anticipated in recent months, prompting markets to anticipate a somewhat smaller rate hike in December. However, recent remarks from Fed officials indicate that interest rates may continue to rise for longer than anticipated.


This view is beneficial for the currency and Treasury rates, but it will likely damage metal markets. The greenback appears to have found a bottom following recent losses, and rose 0.1% to 107 on Monday.


As of 19:05 EDT, spot gold rose 0.1% to $1,752.81 per ounce, while gold futures inched up to $1,754.90 per ounce (00:05 GMT). In response to the Federal Reserve's members' warnings of rising interest rates, the value of both assets declined by nearly 2 percent last week.


As a result of the Federal Reserve's streak of quick rate hikes this year, non-yielding assets, such as gold, have become less desirable.


Despite the fact that metal markets climbed earlier this month on signals of a reduction in U.S. inflation, they are expected to remain under pressure in the coming months, as inflation remains well over the Fed's 2% annual target.


Copper prices stayed largely constant on Monday, following a week of significant drops due to concerns over China's import demand.


Copper prices stayed stable at $3.6405 per pound following last week's 7.2% decrease, their worst performance since late August.


China has shut down further sections of the country in response to the greatest COVID outbreak in seven months. This year, the country's strict zero-COVID policy, which led to a multitude of disruptive lockdowns, severely hampered economic growth.


This decreased national demand for commodities.


Despite indications of a limited supply, rising fears of a global recession have also hampered copper's future prospects.

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