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On July 21, the Information Office of the Anhui Provincial Government held a press conference. At the conference, the Anhui Provincial Bureau of Statistics released the provinces economic performance in the first half of 2026. According to the unified accounting results for regional GDP, the provinces GDP in the first half of the year was 2,737 billion yuan, a year-on-year increase of 5.6% at constant prices. By industry, the added value of the primary industry was 125.9 billion yuan, an increase of 2.4%; the added value of the secondary industry was 1,066.1 billion yuan, an increase of 6.7%; and the added value of the tertiary industry was 1,545 billion yuan, an increase of 5.2%.July 21st - At a press conference held on the 21st to promote the high-quality development of the domestic service industry, it was announced that the Ministry of Human Resources and Social Security will guide local governments to implement employment and entrepreneurship support policies. Domestic service companies that hire key groups such as people facing employment difficulties will enjoy tax breaks and social security subsidies as stipulated. Workers starting businesses in the domestic service sector will enjoy tax breaks, guaranteed loans for entrepreneurship, and site support as stipulated, guiding more workers to work and start businesses in the domestic service sector.On July 21st, the Shanghai Education Computing Power Zone, spearheaded by Shanghai Instrumentation & Electronics Group (SIEG) and jointly built by Shanghai Telecom, Shanghai Mobile, and Shanghai Unicom, officially launched its trial operation. As a dedicated public computing power resource pool for the education sector in Shanghai, this zone serves as a unified, inclusive, open, and secure public service portal for education-specific computing power, catering to primary and secondary schools and universities throughout the city. It integrates SIEGs own computing power platform with the computing power resources of the three major telecom operators, relying on Shanghais intelligent computing power resource coordination and scheduling service platform to build an independent and dedicated domestically produced computing hardware cluster capable of outputting over 100 billion tokens daily.July 21st Futures News: On July 21st, the Shanghai Futures Exchanges energy and chemical warehouse receipts and changes are as follows: 1. Pulp futures warehouse receipts: 313,529 tons, an increase of 3,382 tons compared to the previous trading day; 2. Pulp futures mill warehouse receipts: 20,000 tons, unchanged compared to the previous trading day; 3. Offset paper futures warehouse receipts: 2,758 tons, unchanged compared to the previous trading day; 4. Offset paper futures mill warehouse receipts: 6,600 tons, unchanged compared to the previous trading day; 5. Fuel oil futures warehouse receipts: 28,960 tons. 6. Petroleum asphalt futures warehouse receipts: 11,290 tons, unchanged from the previous trading day; 7. Petroleum asphalt futures factory warehouse receipts: 20,110 tons, unchanged from the previous trading day; 8. Medium-sulfur crude oil futures warehouse receipts: 2,961,000 barrels, unchanged from the previous trading day; 9. Low-sulfur fuel oil futures warehouse receipts: 0 tons, unchanged from the previous trading day; 10. Low-sulfur fuel oil futures factory warehouse receipts: 0 tons, unchanged from the previous trading day.July 21 (Futures News) - Shanghai Futures Exchange (SHFE) precious metals and non-ferrous metals warehouse receipts and changes on July 21: 1. Copper futures warehouse receipts: 33,415 tons, a decrease of 1,676 tons from the previous trading day; 2. Aluminum futures warehouse receipts: 369,690 tons, a decrease of 4,359 tons from the previous trading day; 3. Zinc futures warehouse receipts: 119,856 tons, a decrease of 1,524 tons from the previous trading day; 4. Lead futures warehouse receipts: 58,052 tons, an increase of 125 tons from the previous trading day; 5. Nickel futures warehouse receipts: 100,294 tons, an increase of 911 tons from the previous trading day. 6. Tin futures warehouse receipts: 4,290 tons, down 6 tons from the previous trading day; 7. Alumina futures warehouse receipts: 221,370 tons, down 903 tons from the previous trading day; 8. Alumina futures factory warehouse receipts: 9,300 tons, unchanged from the previous trading day; 9. Gold futures warehouse receipts: 112,641 kilograms, unchanged from the previous trading day; 10. Silver futures warehouse receipts: 968,622 kilograms, down 9,243 kilograms from the previous trading day; 11. International copper futures warehouse receipts: 3,705 tons, down 226 tons from the previous trading day.

Forecast for Gold Price: XAU/USD consolidates above $2,000 as investors await initial US S&P PMI data

Daniel Rogers

Apr 21, 2023 13:52

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During the Asian session, the price of gold (XAU / USD) is oscillating above the psychological resistance of $2,000.00. After a gradual increase, the price of gold has leveled off near $2,005.00 as investors await the release of preliminary S&P PMI data for the United States.

 

S&P500 futures have added some gains during the Asian session following three consecutive declines. As a result of Elon Musk's price-cutting frenzy, Tesla's revenue projections were gloomy, which dampened market sentiment. Near 101.77, the US Dollar Index (DXY) has extended its correction. The USD Index has been consolidating in a range between 100.90 and 102.03 for the past several trading sessions. Therefore, a move that exceeds the previously specified limit will be considered decisive.

 

The subdued USD index weighs on US Treasury yields as well. The demand for U.S. government bonds has increased as weekly unemployment claims have increased. The number of individuals claiming unemployment benefits rose to 245K, exceeding the consensus estimate of 240K. This indicated a softening in the labor market and bolstered expectations that the Federal Reserve (Fed) will not raise interest rates after the monetary policy meeting in May.

 

In the future, the publication of the preliminary US S&P PMI data will determine the impact of the Fed's rate hikes on the scope of economic activity. According to projections, the Manufacturing PMI and Services PMI will decline to 49.0 and 51.5, respectively. A preliminary PMI reading that is weaker than anticipated could impact heavily on the U.S. dollar.