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On February 9th, Guansheng Co., Ltd. issued an announcement stating that it has noticed reports published by some media outlets online regarding "Guansheng Co., Ltd.s release of an intelligent bionic articulated arm in Shanghai." The reports claimed that the companys core component business for humanoid robots has entered the commercial mass production stage, and that its intelligent bionic articulated arm product has received over a thousand intended orders in the field of biomedical experimental equipment. The company clarified that the aforementioned reports are a misinterpretation by the media and do not represent the companys statements. The company will contact the relevant media outlets as soon as possible to delete the inaccurate statements and pursue relevant responsibilities to protect the companys reputation and legitimate rights, and safeguard the interests of its investors. The companys main business has not changed and remains focused on the research, development, production, and sales of automotive chassis system components. Currently, the intelligent bionic articulated arm product has no orders and has not generated any revenue. The wording in the related media reports is inaccurate; the product has not yet entered the mass production stage and is still a long way from mass production.On February 9th, Zhongmiao Holdings (01471.HK) announced in Hong Kong that its board of directors has noted the recent increase in the companys share price and trading volume. The board is pleased to announce that it has submitted an application to the China Securities Regulatory Commission (CSRC) to convert 105,895,600 unlisted domestic shares into H shares. Subject to obtaining all filings and/or approvals from relevant regulatory authorities (including but not limited to the CSRC and the Stock Exchange of Hong Kong), and upon compliance with all applicable laws and regulations, these unlisted shares will be converted into H shares and eligible for listing and trading on the Stock Exchange of Hong Kong.According to Hong Kong Stock Exchange documents, Vidali Technology Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange.According to Hong Kong Stock Exchange documents, Hangzhou Relian Group Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange.Oracle (ORCL.N) shares surged 6% intraday, marking the biggest gain since December of last year.

The election battle has already started. Who will benefit the gold price?

Eden

Oct 25, 2021 13:27

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If Trump loses power, gold prices may rise before the election

Under the epidemic, the Federal Reserve introduced an unlimited amount of easing policy, coupled with Congress’s rescue plan, which triggered a bubble in the financial market. The market risk was very high when it was realized, but because it was the election, the breakpoint was still not reached. In addition, the market generally believes that Trump’s election is beneficial to the stock market. Therefore, if Trump loses its position in the election, some investors may withdraw their funds from the stock market and turn to assets they consider safer, such as gold. High gold prices. This situation may occur before the general election, so changes in the election situation must not be ignored.


Biden's 7.3 trillion dollar policy or favorable gold market

If Biden is elected, it will undoubtedly ease the conflict at home and abroad and effectively suppress the epidemic. However, because the United States has suffered severely due to the epidemic, after Biden is elected, the chances of financial markets returning to before the epidemic are not low. The price of gold will return to the economy and fundamentals and will be affected by changes in the quantitative easing policy.


Judging from the current situation, the Fed stated earlier that unlimited easing will continue until 2023, which will allow gold prices to be supported to a certain extent. Therefore, at least before 2023, the election of Biden as president has limited impact on gold prices.


In addition, Biden proposes to launch a spending plan of US$7.3 trillion in the next 10 years. Some analysts believe that this is good for gold prices. Because of the increase in US government debt, the dollar will weaken and the price of gold will rise.


Even if Trump is re-elected, he will face a weak US economy, and the market's safe-haven demand for gold will not decrease.


Finally, if the elected president and the Congress belong to the same party, it is undoubtedly the most beneficial for governance. However, if the president and Congress split the party, the power of the president is weakened and domestic conflicts increase, which may benefit the price of gold.


If it is a real gold investment, the current gold price is under pressure and you can consider entering the market. However, if you participate in the form of leverage, you must pay attention to the current market sentiment, as the price of gold fluctuates greatly during the general election.


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