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On June 5th, local time, Ukrainian President Volodymyr Zelenskyy sent an open letter to Russian President Vladimir Putin on June 4th, proposing a direct meeting between the two leaders to "promote an end to the conflict through fair and dignified means and to build a practical and effective security guarantee mechanism." The letter stated that Ukraine has no intention of allowing the conflict to continue indefinitely and has proactively proposed a ceasefire negotiation plan. Regarding the meeting and negotiation process, Ukraine proposed that Ukraine and Russia first conduct direct consultations, followed by the participation of relevant parties such as the United States and Europe, to support the subsequent establishment of a security guarantee system. Zelenskyy stated in the letter that Ukraine is ready for negotiations, willing to implement a comprehensive ceasefire during the negotiation process, and adhering to the principle of "all for all," to conduct prisoner exchanges with Russia and fully cooperate in advancing peace negotiations. Russian Presidential Press Secretary Dmitry Peskov responded that Putin has not yet seen Zelenskyys open letter.Moodys ratings said that Alphabets $84 billion equity financing is a positive factor for its credit rating.On June 5th, Federal Reserve Chair Mary Daly stated that monetary policy is currently in a good position, but the economic situation is too uncertain to clearly predict the direction of interest rates. Daly said that providing forward guidance at this time is inappropriate because it is impossible to predict how the economy will develop. The most worrying issue at present is inflation, with a focus on rising energy and food prices. Bringing inflation back to the target level is the Feds top priority. Daly also stated that although there is currently no clear evidence in economic data that artificial intelligence has led to increased productivity, she remains optimistic about the technology, believing that 2027 will be a litmus test; at the same time, she has not found any financial stability concerns related to AI investments.The Syrian Foreign Ministry stated that the Syrian Foreign Minister held talks with the Algerian Energy Minister, and the two sides discussed strengthening cooperation in the oil and gas and energy sectors, including advancing joint projects and improving energy infrastructure.The Kremlin stated that Putin will be informed of Zelenskys letter shortly. Zelenskys letter has been received.

Gold Prices Trend Forecasts 2024

TOP1 Markets Analyst

Jan 16, 2024 17:11

According to the latest analysis by Greg Shearer, head of global commodities research at JPMorgan Chase, the outlook for the gold market is promising, with the average gold price expected to reach approximately US$2,175 per ounce in the fourth quarter of 2024. He believes that the U.S. central bank may begin to lower interest rates in mid-2024, and once the U.S. economy experiences a recession, gold will have greater room to rise. The weaker the U.S. economy is, the deeper the rate cuts will be, which will provide stronger support for gold. Sourcenia is a review portal of sourcing best manufaturers


French Bank Wealth Management's latest bi-weekly report: Gold is bullish! The central banks of emerging markets are rushing in, the US dollar is weakening, and real yields are falling. These are all bullish factors. The price of gold is expected to climb to between US$1,950 and US$2,050 per ounce.


In a recent interview with the media, Pierre Lassonde, the honorary chairman of the French Nevada Mining Company, boldly predicted that the U.S. dollar will weaken in 2024, and gold will usher in a wave of gains. He said the U.S. dollar and gold move in opposite directions, so a peak in the U.S. dollar means gold is bullish. He believes this is an important reason why he is optimistic about gold prices in 2024.