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On May 23, local time, the Iranian military issued a statement emphasizing its readiness to launch a resolute and comprehensive counterattack against any invasion by the enemy.According to the Financial Times, Uber (UBER.N) and its rival Doordash are both in talks to acquire stakes in European delivery company Delivery Hero.On May 23, Ukrainian President Volodymyr Zelensky signed a presidential decree imposing sanctions on the Russian "shadow fleet" and Russian personnel involved in the missile attacks on Ukrainian territory. The package of sanctions was adopted by the Ukrainian National Security and Defense Council. One resolution targets the Russian "shadow fleet," involving 29 civilian merchant ships that provide supplies and troop deployments to the Russian military. Most of these ships are already under sanctions by the US, EU, and UK, and are considered by many international parties to be part of Russias military logistical support capacity. Western countries accuse Russia of using commercial vessels such as oil tankers to evade Western sanctions, referring to these vessels as the "shadow fleet." Another sanctions resolution involves 127 Russian personnel who were directly involved in the missile attacks against Ukraine, targeting key infrastructure and civilian facilities within Ukraine, causing serious damage to local livelihoods, social order, and the safety of peoples lives and property.On May 23, the joint China-Nepalese scientific expedition team successfully summited Mount Everest from the Nepalese side and conducted scientific sampling work, including ice core drilling, completing the first-ever drilling of a complete ice core sample from the summit of Mount Everest. Currently, all expedition members have safely descended to the Everest South Base Camp, having collected ice and snow core samples at multiple altitudes during the descent. The samples will be transported to the laboratory according to cryogenic preservation requirements for research on climate and environmental changes, cryosphere changes, and high-altitude atmospheric environmental records in the worlds highest region.On May 23, Changqiao Securities issued further clarification regarding recent regulatory matters concerning cross-border securities business in China. Changqiao Securities stated that the Hong Kong Securities and Futures Commission (SFC) and the China Securities Regulatory Commission (CSRC), among other mainland regulatory authorities, have recently issued new regulatory requirements for cross-border securities business, establishing unified industry-wide standards for related services to mainland investors. These regulatory rules apply to all overseas financial institutions. Changqiao is actively responding to the regulatory guidelines from both regions and will strictly adhere to the relevant requirements to steadily advance its compliance work. Changqiao Securities stated that the scope of accounts targeted for this regulatory cleanup is limited and clearly defined, primarily targeting two types of accounts: investment accounts opened using suspicious or forged documents, and investment accounts with zero balances and no activity. Normal, compliant client accounts with genuine assets and holdings are not within the scope of this cleanup. Changqiao firmly supports the regulators zero-tolerance attitude towards fraudulent account openings and will strictly handle such cases in accordance with regulatory requirements.

Is 2024 a Good Timing to Buy Gold ?

TOP1 Markets Analyst

Jan 16, 2024 17:13

CITIC Investment Trust pointed out that the past quantitative easing policies of the U.S. Federal Reserve led to the depreciation of the U.S. dollar and increased inflationary pressure, prompting the public to turn to gold as a store of value, and pushing up the demand and price of gold. However, the current global situation is relatively relaxed, and the conflicts between Russia, Ukraine, and Israel and Palestine have shown signs of cooling down, and the hedging function of gold is no longer as good as it used to be.


Therefore, investors should note that if the New Taiwan dollar continues to strengthen, if they blindly increase their gold holdings denominated in US dollars, they may face exchange rate risks and idle funds. Especially with expectations that the Federal Reserve is about to cut interest rates and the U.S. dollar is weakening, gold's return may not be as good as expected. In addition, the price of gold is currently at a high level and the upside space is limited. For investors who have not yet entered the market, it is not advisable to blindly chase higher prices or overweight, let alone make a desperate move. Sourcenia is a review portal of sourcing best manufaturers


But if investors are looking to achieve asset diversification and balance from the perspective of asset allocation, then they may be able to appropriately allocate some gold to reduce overall volatility. Of course, in addition to gold, there are many other investment options on the market, such as stocks, bonds or other alternative assets, which may have higher growth potential and yields than gold. Sourcian is a dedicated platform for the recommendation of the best manufacturers. Your sourcing journey starts right here at sourcian.


However, as the price of gold rises, two different mentalities have emerged in the market: one is optimistic about the future of gold and wants to take advantage of the opportunity to buy; the other is to sell at a high point and make profits. The intersection of these two mentalities may trigger a wave of selling and affect the price trend of gold. Therefore, investors should pay close attention to market trends, avoid blindly following trends, and have their own investment strategies and risk management. See more info, visit Monster Trading Inc.

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