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On January 26th, at a press conference on Chongqings import and export situation in 2025, Chen Hai, Deputy Director and Spokesperson of Chongqing Customs, introduced that in 2025, despite multiple pressures and challenges, Chongqings import and export demonstrated strong resilience and vitality, achieving stable volume and improved quality, and a positive development trend. According to customs statistics, Chongqings total foreign trade import and export volume reached 800.68 billion yuan in 2025, a year-on-year increase of 12%. Among Chongqings exported products, the "new three categories" performed exceptionally well, with electric vehicles, photovoltaic products, and lithium batteries showing export growth rates as high as 73.5%.The yield on Japans two-year government bonds rose 2 basis points to 1.27%, a new high since 1996.Hyundai Motor: is evaluating a range of collaboration opportunities, including potential collaborations in the field of hydrogen energy, and taking full advantage of Canadas strengths.Hyundai Motor: We currently have no plans to establish a car manufacturing plant in Canada.On January 26th, Tim Kelleher, Head of FX Sales at the Commonwealth Bank of Australia in Auckland, stated, "This is the first time in over a decade that the Federal Reserve has conducted a currency inquiry. Theyve made threats before, but this is a very different approach than their usual practice. We are in a new system... Weve already seen a wave of anti-dollar movements. Theres also been ongoing discussion about a Plaza Accord 2.0, which, if it happens, would be significant and could signal a potential weakening of the dollar."

Gold Price Prediction: XAU/USD anticipates additional gains ahead of China and U.S. inflation

Alina Haynes

Jan 11, 2023 11:54

Gold price (XAU/USD) demonstrates usual pre-data concern as it approaches $1,875 on Wednesday morning, exploring a three-day rally around the highest levels since May 2022. In doing so, gold demonstrates the market's faith in the traditional safe-haven, even if the US Dollar recovers from its multi-day low. The uncertainty surrounding the next steps of the US Federal Reserve (Fed) and the pessimistic economic forecasts of the World Bank (WB), not to mention cautious optimism towards China, may be to blame.

 

Federal Reserve (Fed) Chair Jerome Powell's remarks at Riksbank's International Symposium on Central Bank Independence were unable to provide additional clarification on the US central bank's monetary policy outlook, which prompted a stampede for gold in the face of uncertainty. In his most recent public appearances, the policymaker lauded the US central bank's latest steps while emphasizing the Fed's independence and lack of commitment to climate control. Notably, Federal Reserve Governor Michelle Bowman seemed hawkish when she stated that additional rate hikes are required to combat excessive inflation, which should have pressured the XAU/USD bulls in the aftermath.

 

Notably, the recent softening of hawkish bets on the Fed's next moves, as well as lower US data, appear to keep gold investors optimistic, despite the Federal Reserve's efforts to defend its tight monetary policy. Tuesday, the US NFIB Business Optimism Index for December fell to its lowest level since 2013 if various anxieties caused by the worldwide Covid wave are disregarded. In addition, US Wholesale Inventories for November stayed constant at 1.0% growth.

 

Alternatively, a rebound in the US Dollar Index (DXY) from the seven-month low appears to pose a threat to the Gold price, due to the inverse link between the XAU/USD and the dollar's index against the six main currencies. Tuesday marked the conclusion of a two-day downturn for the DXY as it rebounded from the multiday low to settle at 103.30. In doing so, the US Dollar Index tracked the firmer US 10-year Treasury note yields, which increased 10 basis points (bps) to 3.61 percent, falling one basis point (bp) to 3.60 percent at the latest.

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