EUR/USD
1.17446
-0.085%
Gold
4959.67
0.481%
Oil
59.775
0.319%
USD/JPY
158.531
0.071%
GBP/USD
1.34932
-0.065%
GBP/JPY
213.907
0.018%
Real-time News
Hong Kong-listed stocks related to new consumption concepts rebounded, with Bruker (00325.HK) and Laopu Gold (06181.HK) rising over 8%, Pop Mart (09992.HK) up over 6%, Gu Ming (01364.HK) up 5.6%, and Xiaomi Group (01810.HK) and Li Auto (02015.HK) up over 2%.Futures Commentary by Everbright Futures: 1. Overnight, January 23rd, London spot gold surged, surpassing the $4900/ounce mark to reach a new high. COMEX silver futures rose 4.05%, and SHFE gold rose 1.53%. Geopolitical events have resurfaced, with the US declaring "full access" to Greenland and emphasizing "we will have all the military access rights we need," while threatening large-scale retaliation against Europe if it sells off US Treasury bonds and other assets. From military threats to tariff withdrawals and asset restrictions, geopolitical uncertainty has intensified, and gold may experience short-term volatility with a slight upward bias. 2. Overnight, strong US economic data suggests the Fed will likely maintain interest rates unchanged at next weeks meeting. The final reading of US Q3 real GDP was slightly revised upward to 4.4%, the fastest growth in two years, with core PCE inflation remaining at 2.9%. The US November PCE price index rose 2.8% year-on-year and 0.2% month-on-month, both in line with expectations, indicating stable inflation expectations and robust consumer spending. Geopolitically, with Greenland becoming a short-term market focus, attention has shifted to the selling of US Treasury bonds and assets by some European sovereign wealth funds, indicating a weakening of long-term European capitals confidence in dollar assets. Although US economic data has shown resilience, the dollar remains weak due to geopolitical tensions, and this erosion of the dollars credibility is a strong driver for gold. From the US-Venezuela conflict to the Greenland situation, and with the Iranian situation still unresolved, the safe-haven demand for gold is unlikely to subside in the short term.Reserve Bank of New Zealand Governor Brehman: Signing the statement supporting the Federal Reserve Chairman is not intended to represent the New Zealand governments foreign policy.Reserve Bank of New Zealand Governor Brehman: With spare capacity still available and wage growth moderate, conditions remain favorable for reaching the midpoint of the 2% inflation target.Reserve Bank of New Zealand Governor Brehman: We will ensure that inflation returns to the midpoint of the target range.
