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On February 2nd, it was reported that on November 3rd, 2025, the Shenzhen Intermediate Peoples Court of Guangdong Province sentenced five members of the Bai family criminal gang—Bai Suocheng, Bai Yingcang, Yang Liqiang, Hu Xiaojiang, and Chen Guangyi—to death for crimes including intentional homicide, intentional injury, fraud, drug trafficking, drug manufacturing, kidnapping, and operating a casino, along with corresponding supplementary penalties. Following the first-instance verdict, Bai Suocheng died of illness, and the other defendants appealed. After a hearing, the Guangdong Provincial Higher Peoples Court ruled on December 24th, 2025, to reject the appeals and uphold the original verdict, submitting it to the Supreme Peoples Court for review in accordance with the law.On February 2nd, Guotou Silver LOF resumed trading and hit the daily limit down, with the premium narrowing to 43.8%. Previously, the Shenzhen Stock Exchange stated that some investors had engaged in abnormal trading behavior that affected the normal trading order of funds such as "Guotou Silver LOF," and self-regulatory measures such as suspending trading were taken against the relevant investors. This morning, several precious metal-themed LOFs weakened, with gold-themed LOFs and gold LOFs both falling by more than 7%, and Harvest Gold LOF falling by more than 6%.February 2nd - On Monday, a group of civilians, including former lawmakers, filed a new impeachment lawsuit against Philippine Vice President Sara Duterte, accusing her of misusing government funds and breaching public trust. According to parts of the complaint filed with the House of Representatives, Duterte, who has a long-standing feud with President Marcos, orchestrated "an unprecedented frenzy of secret spending without justification or control" and "disregarded Congresss oversight power" when asked to explain. Last year, an impeachment lawsuit against the vice president failed after the Supreme Court ruled it unconstitutional.On February 2nd, the Guangdong Provincial Development and Reform Commission issued the "Guangdong Province 2026 Work Plan for Optimizing a Market-Oriented First-Class Business Environment." The notice proposes facilitating market access for new business models and fields. It implements a "non-prohibited is permitted" policy outside the negative list for market access, and further implements special measures to relax market access in Shenzhen, Hengqin, and Guangzhou Nansha. It optimizes the market access environment in the low-altitude airspace, establishes a collaborative management mechanism for low-altitude airspace between the military, civilian, and government, and improves the low-altitude infrastructure system, including general aviation airports and drone landing pads. It supports Guangzhou, Shenzhen, Hengqin, and other regions in promoting road testing and demonstration applications of intelligent connected vehicles, and promotes cross-regional mutual recognition of road test results and licenses. It promotes the application of intelligent connected vehicles in scenarios such as unmanned delivery, scenic area shuttles, logistics transportation, and intelligent sanitation. It supports eligible regions in relaxing market access restrictions for pharmaceuticals and medical devices, and improves management standards for the research and development and application of various new drugs and medical device technologies.A Japanese government spokesperson said that Prime Minister Sanae Takaichi stated that she hopes to build a strong economy capable of withstanding foreign exchange fluctuations.

Gold Price Prediction: XAU/USD continues to struggle above $1,840 as rates surge ahead of the release of the Fed's minutes

Daniel Rogers

Feb 21, 2023 15:15

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In the Tokyo session, the gold price (XAU/USD) is exhibiting a mediocre performance over $1,840. Prior to the release of the Federal Open Market Committee (FOMC) minutes, the precious metal is gauging a direction, but volatility is expected to remain low.

 

In anticipation of the restart of U.S. markets following a long weekend, investors' appetite for risk has diminished as uncertainty has increased. This has resulted in a further decrease in risky assets such as S&P500 futures. Prior to the FOMC minutes, the US Dollar Index (DXY) has rebounded to approximately 103.70 but is still in the woods. In the meantime, the alpha provided by 10-year US Treasury bonds has surpassed 3.86 percent.

 

The Consumer Price Index (CPI) is recalcitrant and may drive Federal Reserve (Fed) chair Jerome Powell to boost interest rates further to manage inflationary pressures, as seen by a recent improvement in US economic indicators that forecast inflation. For additional guidance, the FOMC minutes will be closely monitored.

 

Prior to that, however, the preliminary S&P Global PMI (Feb) statistics will be closely monitored. According to the consensus, the preliminary Manufacturing PMI (Feb) will fall to 46.8 from 46.9 before. Additionally, the Services PMI will be released at 46,6 as opposed to 46,8 previously.