EUR/USD
1.16315
-0.078%
Gold
4344.58
-0.270%
Oil
56.837
-0.114%
USD/JPY
151.064
0.207%
GBP/USD
1.33888
-0.109%
GBP/JPY
202.261
0.105%
Real-time News
On October 21st, Sim Moh Siong, a foreign exchange strategist at Bank of Singapore, said in a research note that investors may continue to be keen to increase their gold allocations amidst a pullback in gold prices. The recent rise in gold prices may have been a bit too much, too fast. However, concerns about G10 fiscal sustainability and central bank independence will persist until 2026, making it difficult to predict whether gold will peak soon. Bank of Singapore raised its gold price forecast for the next 12 months to $4,600 per ounce.On October 21st, Japanese Economy, Trade and Industry Minister Yoshiharu Muto, when asked about Russian energy imports, stated on Tuesday that Japan will take appropriate actions based on national interests while maintaining close coordination with the international community. Last week, U.S. Treasury Secretary Benson Benson said he told Japanese Finance Minister Katsunobu Kato that the Trump administration wants Japan to stop importing Russian energy. Muto told reporters, "Since the outbreak of the Russia-Ukraine conflict, Japan has been steadily reducing its dependence on Russian energy." He added, "We recognize that LNG from the Sakhalin-2 project plays an extremely important role in Japans energy security," noting that it contributes approximately 3% of total electricity generation. He also stated that Japan intends to continue to maintain close coordination with the international community, including the G7.Gold prices fell slightly on Tuesday, October 21, as investors took profits after gold prices hit a new high in the previous trading day. Tim Waterer, chief market analyst at KCM Trade, said, "Profit-taking and weakening safe-haven inflows have weakened the advantage of gold prices today... Any pullback in gold will be seen as a buying opportunity, and the Federal Reserve is still on the track of interest rate cuts. If the US CPI data released later this week does not bring any unpleasant upward surprises, then the current gold price rally has further room to rise."Insurers managing $23 trillion plan to further increase their holdings of private market assets to achieve smooth long-term returns, according to a BlackRock survey.On October 21st, the overnight Shibor (Shibor) rate was at 1.3170%, unchanged from the previous trading day. The 7-day Shibor rate was at 1.4260%, up 0.80 basis points; the 14-day Shibor rate was at 1.5040%, up 3.60 basis points; the January Shibor rate was at 1.5570%, unchanged from the previous trading day; and the March Shibor rate was at 1.5860%, up 0.40 basis points.
