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According to Iranian state media, the Iranian police chief stated that the confrontation with rioters has intensified.On January 11, according to an announcement by XIANLE Health, the company held its 17th meeting of the fourth board of directors on January 8, 2026. The board approved the companys plan to issue H shares and list them on the Hong Kong Stock Exchange. The shares issued will be H ordinary shares listed on the Main Board of the Hong Kong Stock Exchange, denominated in RMB but subscribed in foreign currency, with a par value of RMB 1.00 per share. The company will complete the H-share listing at an appropriate time and through an issuance window within the validity period of the shareholders meeting resolution. The specific issuance and listing time will be determined by the board of directors or its authorized personnel, either individually or jointly, on behalf of the company, based on international capital market conditions, the progress of approvals and filings by domestic and foreign regulatory authorities, and other relevant circumstances.The China Earthquake Networks Center officially determined that a 3.3-magnitude earthquake occurred in Ruoqiang County, Bayingolin Mongol Autonomous Prefecture, Xinjiang, at 14:57 on January 11, with a focal depth of 25 kilometers.On January 11, at the 30th China Capital Market Forum, Chen Huaping, Vice Chairman of the China Securities Regulatory Commission (CSRC), stated that the 15th Five-Year Plan period is a crucial time for advancing Chinese-style modernization and accelerating the construction of a financial powerhouse. The CSRC will focus on the main theme of preventing risks, strengthening regulation, and promoting high-quality development. He indicated that the CSRC will further enhance the effectiveness of regulatory enforcement, continuously improve the investor education, service, and protection system, adhere to strict regulation according to law, focus on cracking down on major and egregious violations, severely punish all kinds of malicious illegal activities, and promote the implementation of more special representative litigation and advance compensation cases to enhance investor trust and confidence.On January 11th, at the 30th China Capital Market Forum, Chen Huaping, Vice Chairman of the China Securities Regulatory Commission (CSRC), stated that the CSRC will continue to improve the institutional environment for long-term investment, jointly promote a greater proportion of various medium- and long-term funds entering the market, and optimize institutional arrangements such as the Qualified Foreign Institutional Investor (QFII) system, so that various funds are willing to come, stay, and thrive. As of the end of last year, the total market capitalization of A-shares held by various medium- and long-term funds was approximately 23 trillion yuan, an increase of 36% from the beginning of the year; the size of equity funds increased from 8.4 trillion yuan at the beginning of last year to approximately 11 trillion yuan.

Forecast for Gold Price: The XAUUSD crosses bearish area in consolidating markets

Alina Haynes

Nov 17, 2022 11:43

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Currently trading at $1,774.20, down 9.23%, the Gold price halted on Wednesday, gliding across the same bearish pattern as yesterday's $1,767.13 lows. The price of gold has maintained a tight consolidative range between $1,773.99 and $1,785.09 so far today. The precious metal is at a three-month high and continues lifted by a weaker dollar as investors anticipate that the Federal Reserve would moderate its aggressive interest rate hikes in response to a slew of inflation-related data.

 

Despite stronger-than-anticipated US Retail Sales, which have clouded the inflation outlook, the safe-haven dollar declined further on Wednesday. Both the US Consumer Price Index and the Producer Price Index missed estimates last week, which has weighed on the greenback. DXY, an index that compares the US dollar to a basket of international currencies, fell around 7% in November, with the majority of the decline occurring last Friday in response to inflation statistics. Gold has benefited from the lower US yield environment, as benchmark 10-year yields have been near their lowest levels since October 5. Rising interest rates diminish the allure of non-yielding bullion.

 

In addition to the Federal Reserve, geopolitics is once again shifting the needle in financial markets after being relegated to the background for some time. Following reports that a missile near the Polish-Ukrainian border killed two people, the price of gold climbed to its highest level since August 15. An inquiry is currently being conducted, but tensions were high. To date, however, the United States has seen nothing that contradicts Poland's early assessment that a missile that fell within Polish territory on Tuesday was most likely a Ukrainian air defense missile. This information was provided by US National Security Council spokesperson Adrienne Watson on Wednesday.

 

"Whatever the ultimate results may be, it is apparent that the ultimate party accountable for this awful incident is Russia, which fired a barrage of missiles on Ukraine with the express intent of targeting civilian facilities," he stated. The easing of tensions has reduced demand for both gold and the U.S. dollar.

 

Gold's positioning risks are still tilted to the upside, according to TD Securities analysts. "A series of significant trend reversal thresholds associated with strong short covering flows lie just above the $1800/oz mark. Consequently, the pain trade in the yellow metal has opportunity to expand, indicating that the return on patience is high for those wanting to short the current surge.

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