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On November 14th, the meeting emphasized that the construction of "two major projects" (referring to key national projects and major infrastructure projects) should be planned and promoted within the overall framework of the "15th Five-Year Plan," firmly grasping the strategic, forward-looking, and holistic requirements to promote the in-depth implementation of major national strategies and the steady improvement of security capabilities in key areas. The meeting stressed the need to optimize project review, paying greater attention to investment in innovative elements and intangible assets to promote the development of new productive forces. It also emphasized the importance of improving project coordination and promotion mechanisms, strictly managing engineering quality and safety, and simultaneously ensuring asset management and subsequent operation and maintenance. Furthermore, the meeting called for rationally arranging the pace of project construction and fund disbursement, actively leveraging ultra-long-term loans and policy-based financial funds, and guiding more private capital participation.On November 14th, local time, European Commissioner for Economic and Financial Affairs, Dombrovskis, warned at the annual meeting of the European Finance Committee that the Russia-Ukraine conflict and the rapid shifts in US policy direction are bringing "fundamental and unprecedented uncertainty" to the EUs geopolitical and security environment. Dombrovskis pointed out that the trade and strategic relationship between the EU and the US is undergoing "unpredictable and profound changes," which puts Europe under more complex external pressures in its security, defense, and economic posture.The EU has approved BC Partners acquisition of Biogaran, a deal that primarily involves the wholesale of pharmaceuticals and is not expected to raise competition concerns.Citigroup raised its price target for Bilibili (BILI.O) from $25 to $27.Morgan Stanley raised its target price for Nvidia (NVDA.O) from $210 to $220.

Look at $1744 under the international gold price

Oct 26, 2021 10:58

On Tuesday (October 5), the international gold price fell from its highest point of $1,770.44 per ounce since September 23, which was set overnight, and the daily triple-sun trend is expected to end due to the rising dollar. The price of gold may drop to $1744 in the future. However, the market's lingering concerns about inflation are expected to limit the downward pace of gold prices.

GMT+8 14:47, spot gold fell 0.74% to 1,756.45 US dollars per ounce; COMEX gold main contract fell 0.62% to 1756.8 US dollars per ounce; the dollar index rose 0.18% to 93.976.


U.S. President Biden said on Monday (October 4) that unless Republicans and Democrats work together to vote to increase the debt ceiling in the next two weeks, the federal government may exceed the $28.4 trillion debt ceiling and default on an unprecedented level. .

The accelerated growth of US factory orders in August indicates that the manufacturing sector remains strong. However, due to shortages of raw materials and labor, economic growth in the third quarter seems to have slowed down, and inflation may remain high for some time to come.

On the daily chart, the price of gold has started a three-wave downward trend from US$1770, and the support below looks to the 23.6% target of US$1744. Wave 3 is a sub-wave of the downward (3) wave that started at $1834. (3) Wave is a sub-wave of the downward ((Y)) wave that started from 1917 USD. The ((Y)) wave belongs to the adjusted IV wave that started at $2,075.

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