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French Foreign Minister: I think its impossible to talk about who the winner is in the current war, as there is already a ceasefire.German industrial output unexpectedly declined in February, the Federal Statistical Office said on Thursday, with the energy price shock from the Middle East conflict expected to further dampen output. Industrial output fell 0.3% month-on-month in February, compared with a revised flat figure for January, while the market had generally expected a 0.5% increase. The decline in February was mainly dragged down by the construction sector, as well as by the electronics and optical products and pharmaceutical industries. In contrast, the Federal Statistical Office said that automobile production rebounded after a sharp drop in January.On April 9th, it was reported that in response to the problems of false advertising, exaggeration, using efficacy claims as proof, and promoting cure rates and effectiveness in medical advertisements on radio and television, which harmed the rights and interests of the people, the State Administration of Radio and Television launched a nationwide centralized rectification campaign in August 2025. Working with provincial-level radio and television administrative departments, a special work plan was formulated, and measures such as handling complaints, monitoring and investigation, analysis and identification, and urging rectification were adopted to increase the intensity of handling and strengthen collaborative governance, ensuring that illegal advertisements are promptly detected, accurately identified, and effectively dealt with. As of the end of March this year, all false medical advertisements have been completely removed from television channels nationwide.Germanys seasonally adjusted industrial production fell 0.3% month-on-month in February, compared with a forecast of 0.7% and a previous reading of -0.50%.Germanys seasonally adjusted exports rose 3.6% month-on-month in February, below the expected 1.00% and the previous figure revised from -2.30% to -1.50%.

Gold Maintains Its 8-Month High Ahead of A Data-Rich Week

Haiden Holmes

Jan 16, 2023 11:00

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On Monday, gold prices stabilized at recent highs as investors locked in profits and exercised caution ahead of a flurry of major economic data releases and central bank meetings from across the globe this week.


In recent weeks, the price of gold has increased significantly due to an increase in bets that the U.S. Federal Reserve will raise interest rates at a slower rate in the future months, thereby reducing the pressure on non-yielding assets.


Statistics indicating that inflation fell further in December supported this notion, which weighed on the dollar and yields on U.S. Treasury assets.


Fears of a recession in the world's leading economies prompted a rise in safe-haven demand for gold in 2018, as the effects of rapid interest rate hikes through 2022 became apparent.


This week, a deluge of data from the United States, Japan, China, the United Kingdom, and the Eurozone will shed light on any additional signs of sluggish development in major economies. China and Japan's interest rate decisions are also under scrutiny, with particular focus on the Bank of Japan following its unexpectedly hawkish tone at its December meeting.


Spot gold fell 0.1% to $1,918.49 per ounce, while gold futures held constant at $1,925.00 per ounce as of 19:33 E.T. (00:33 GMT). Since May 2022, both variables were near their best values.


Monday's trade volumes on the metals markets are anticipated to be low due to a U.S. holiday.


Last week, copper prices reached a seven-month high. On Monday, copper prices declined slightly. In anticipation of a resurgence in Chinese demand this year as a result of China's relaxation of most of its stringent anti-COVID regulations, bids for the red metal skyrocketed.


Copper futures fell 0.3% to $4.2060 per pound, but are up more than 10% so far this year.


In addition to robust demand patterns in China, the world's largest copper consumer, prices of the red metal are predicted to benefit from potential supply delays among important Latin American suppliers.

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