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Japans July core CPI annual rate will be released in ten minutes.On August 22, the Hong Kong residential market suffered its biggest loss yet on August 19. The mansion at 15 Gough Hill Road, The Peak, owned by Shenzhen Xiangqi Group Chairman Chen Hongtian or a related party, sold for HK$790 million after two years of bidding. The property, originally purchased for HK$2.1 billion in 2016, has now depreciated by HK$1.31 billion, a 62.4% drop, to a price per square foot of approximately HK$43,700 (1 square foot equals approximately 0.0929 square meters). The property was taken over by Bank of East Asia in 2023 due to financial problems, becoming a bank-owned property and undergoing multiple bid extensions before a buyer was found. The property has a usable area of 18,000 square feet, with a nearly 10,000 square foot garden and 2,788 square feet of parking space. The price per square foot once reached HK$227,400. Converted to square meters, the typical mainland Chinese standard, the unit price of this mansion at its peak would have reached approximately HK$2.45 million per square meter.California Governor Gavin Newsom: Californias special election will officially take place on November 4. Californians will be able to vote for the congressional (district) map.Japans Ministry of Finance is preparing to raise its long-term interest rate forecast to 2.6%, the highest level in 17 years, in its budget request for fiscal 2026/2027.The UKs Gfk consumer confidence index in August was -17, the highest since December 2024.

Silver Price Analysis: XAG / USD finds interest around $20.50 as investors disregard Fed rate hike concerns

Daniel Rogers

Feb 28, 2023 11:38

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After testing buyer interest at $20.55 during the Tokyo session, the silver price (XAU/USD) has climbed back up. On a broader scale, the white metal is confined to a range between $20.55 and $20.80 as investors transfer their attention to Wednesday's release of the United States ISM Manufacturing PMI range.

 

Investors have begun to comprehend the fact that the Federal Reserve (Fed) is required to tighten monetary policy in order to achieve price stability, which has halted the Silver price's four-day losing streak. However, the losing streak may persist because geopolitical tensions between the United States and China have not yet been resolved.

 

S&P500 futures have extended their recovery as investors' risk appetite has increased. After a sharp reversal from around 105.00, the US Dollar Index (DXY) has continued to oscillate around 104.30. The term "ecosystem" refers to a group of people who work in the construction industry. The alpha offered on 10-year US government bonds has increased to approximately 3.93 percent.

 

As the fight against persistent inflation intensifies, the Fed's projections for higher interest rates are bolstered by optimistic consumer spending in the U.S. economy and robust wage gains.


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