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On February 26, the Supreme Peoples Court held a press conference to report on its work in punishing property crimes, strengthening the crackdown on fraud, and precisely targeting crimes involving concealment and covering up of criminal proceeds. From 2021 to 2025, the peoples courts accepted 1.273 million new first-instance cases of property crimes and concluded 1.271 million cases, effectively combating and curbing the high incidence of property crimes and safeguarding the property security of the people.February 26th - According to data from the Haikou Municipal Bureau of Statistics, the citys total retail sales of consumer goods during the Spring Festival holiday are expected to reach 3.49 billion yuan, a year-on-year increase of 2.6%. Among them, the cumulative sales of duty-free shops on the island reached 1.206 billion yuan, a year-on-year increase of 12.7%.February 26 (KCNA) – The 9th Congress of the Workers Party of Korea concluded in Pyongyang on February 25. In his summary report, General Secretary Kim Jong Un stated regarding North Korea-US relations that the future of bilateral relations depends entirely on the US attitude. Kim Jong Un said that in the Asia-Pacific region, the expansion and transgressive military activities of the US-led aggressor bloc seriously threaten the security of the Korean Peninsula and the region. North Korea will, as always, be fully prepared for confrontation with the US and will maintain its hardline policy towards the US. Kim Jong Un said that if the US withdraws its hostile policy towards North Korea, North Korea has no reason not to maintain friendly relations with the US. If the US does not change its consistent approach towards North Korea and insists on confrontation to the end, North Korea will also resolutely respond. "The future of North Korea-US relations depends entirely on the US attitude."On February 26, US Vice President Vance stated that the White House is closely monitoring the incident on February 25 where a US-registered speedboat was "shot" near Cuba. He expressed hope that this was not a "serious" incident. Florida Attorney General James Uthmeyer posted on social media that he had instructed state prosecutors to cooperate with relevant parties to investigate the incident. Earlier that day, the Cuban Ministry of the Interior reported that border guards discovered a speedboat registered in Florida illegally entering Cuban territorial waters near Villa Clara province. The speedboat opened fire, and Cuban forces returned fire, resulting in four deaths and six injuries to the foreign attackers.Multiple explosions were heard in Kyiv, the capital of Ukraine.

Forecast for Gold Price: XAUUSD oscillates above $1,770 as attention switches to US Retail Sales

Daniel Rogers

Nov 15, 2022 16:52

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During the Asian session, the gold price (XAUUSD) is fluctuating in uncharted area above the crucial barrier of $1,770.00. Amid market uncertainty preceding the US midterm elections, the precious metal has moved sideways. However, the public anticipates a decisive victory for Republicans in the House of Representatives.

 

The US dollar index (DXY) is failing to surpass the immediate barrier of 107.00 as the likelihood of the Federal Reserve (Fed) maintaining its current pace of rate hikes decline. In addition, increased demand for U.S. government bonds has caused rates to plummet. In the meantime, S&P500 futures have continued their rebound following Monday's pessimism.

 

The US Retail Sales statistics will be a focal point moving forward. According to predictions, the economic data is expected to be 0.9% compared to the previous release of 0%. The core Consumer Price Index (CPI) for the month of October decreased to 0.3% from 0.6% in the previous report. The combination of a drop in price growth and a substantial increase in retail sales shows healthy retail demand.